Expensive Properties Force Bulgarians Draw Bigger Credits

The average credit has increased by 44,33%, CreditCenter data shows. The withdrawn loans for the first 6 months of 2008 reached an average of around 44 800 EUR.

In comparison, for the same period of 2007  Bulgarians have drawn an average credit of around 31, 100 EUR.

The main reason for the big jump is hidden in the prices of real estates, the experts of CreditCenter explain.

The property prices in Sofia have risen by near 50% under the influence of the people's migration from the smaller settlements towards the capital.
The people more often draw credits in EUR for a term of over 25 years and interest rates between 6,4 and 7,25% in EUR.
14 July 2008
http://international.ibox.bg/news/id_393041653
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