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Crediting animates real estate market in Bulgaria

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Expert analyses show that the drop in credit interest rates in Bulgaria played a crucial role in animating the real estate market in 2016.

More than half of the real estate deals in Sofia were made on mortgage loans, the share of purchases with outside financing continues its upward trend and experts are expecting demand for credits in 2017 to go up by 10-15 percent. All this is pushing real estate prices up. In Sofia the increase is by 7-10 percent, in the other large towns and cities in the country – by 4-7 percent. 



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