According to the publication of a daily edition of "Presa", the year 2012 in Bulgaria was marked by a simplification of the procedure of financing and crediting of housing. So, starting this year, housing loans, has become not only more affordable, but also offers a reasonable interest, which in turn opens up new opportunities of buying property in the country.
Thus, if the 2010 and 2011 attracted homebuyers considerable reduction of prices for the purchase of housing, the current year provides investors with a substantial bonus in ensuring the availability of advance payments of the Bulgarian banks. At the moment, most local banks are willing to provide funding for 80 – 90% of the transaction for the purchase of real estate in new convenient areas of the big cities of Bulgaria.
