Bulgaria Mortgage for Property in Bulgaria in Mortgages for Purchasing a Property in Bulgarian
 |
 |
 |
 |
Bulgaria Mortgage for Property in Bulgaria in Mortgages for Purchasing a Property in Bulgarian
Includes Bulgarian residential property. Please note, that if the property is being built, funds are not available until completion and the property has been legally registered in your name.
If you are considering purchasing a property in Bulgaria, Bulgarian Mortgages are available for UK and Irish Nationals (and non-UK Nationals on a case by case basis) for either House Purchase or re-financing for Home Improvements. Mortgages for other purposes may also be considered - contact us for further information.
Type of Bulgarian Mortgage: Repayment basis only
Minimum: �25,000 - Minimum Purchase Price �36,000, No Maximum, but must not exceed 70% of valuation or purchase price (whichever is the lower).
Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.
Term: Maximum 20 years - up to age 70
Currency: Euros only
Current Interest Rate: approx 7.00%
Example Bulgarian Mortgage:
Repayment Mortgage of approx �70,000 over a period of 20 years at an interest rate of approx 7.00% in Euros = approx �551.00 capital and interest per month = a total approx amount payable over term of �135,140 including capital, interest, arrangement and survey fees"
Bulgaria interest on home purchase credits reaches 9.18%
Long-term home purchase credits saw interest rates go up by some 3% to 9.18% in July, central bank data shows.
Bankers commented that the rates will continue to trend upward over the near run as the softer terms under which a large number of loans were disbursed expire.
In an attempt to attract clients most banks offer interest of 5.76-6.5% for the first 12 months of the credit�s life, a rate that may reach up to 10% for the remainder.
However, the central bank said a sharp spike of more than 0.30% in the interest rates is unlikely as the credit/deposit interest spread is still wide, leaving the banks room to increase the interest on deposits instead. Neither does the eurozone interest outlook support fears of a hike in Bulgaria.
According to central bank data, mortgage loans added up to 1.6 bln levs by end-July, up a hefty 140% year-on-year. The series of measures to cool credit growth can already be seen on real estate prices which have dropped by 7% from the first quarter, said the bank.
Information ABOUT Property Mortgages Bulgaria
Bulgaria investment off plan development Sofia Vlas Sunny Beach Pamporovo Bansko
Mortgage for Bulgarian properties - Mortgages for Bulgaria
We are delighted to announce the first and only mortgage product for Bulgarian property.
The mortgage is available on qualifying properties purchased through us. Terms are summarised below:
Up to 70% loan to value
Term of up to fifteen years
Minimum mortgage value of �40000
Variable interest rate of 7.5%
Pre-approval 6 months prior to building completion
Funds available upon building completion
Lending is subject to status.
Combined with our rental management this mortgage allows our clients to increase the returns from their properties in Bulgaria.
We are able to offer this mortgage product direct from Piraeus Bank without mortgage broker fees.
Some key facts about Piraeus Bank.
Founded in 1916
Privatised in 1991
The third largest commercial bank in Greece
Leading commercial lender to Balkan region
Office in City of London
Potential borrowers are able to liase directly
Piraeus Bank
Some key facts about Piraeus Bank who now offer the only mortgage product for Bulgarian property:
One of the largest commercial banks in South-Eastern Europe
Founded in 1916
Privatized in 1991
277 total branches, 11 in Bulgaria
Leading commercial lender to Balkan region
Office in City of London, London
More news:
The construction of warehouses is about to jump
The market opens for industrial parks
Industrial areas only going to grow
Ubbikaliya will do logistic center near Sofia airport
Sofia may become a logistic center
Logistical Fever
Real estate - Trends 2007
Equest managing partner in Kari Haataya: invest only in business areas secured by tenants
Invest 64 million euro in the first business park in Plovdiv
Funds for agricultural land have nearly 600 thousand decares
The new apartments in Bucharest with 25 percent less this year than originally forecast
Shops and offices built on 4 acres in Sofia
The new offices Sofia in 2008 will not meet demand
Housing near London poevtinyavat by 1000 pounds per minute
More investment in property transactions are expected in Bulgaria in 2008
Build residential complexes for 73 million BGL in Sofia
It is expected to fall in property transactions in 2008
Between 20 and 25 percent is the share of Bulgarians among the buyers real estate in Bulgaria
Invest 20 million euro in Mall Haskovo
British investors flee Bulgarian winter resorts
FairPlay Properties REIT
Luxury living
Spanish Riofisa presents its 270 million euro retail project CIVIS CENTER
Swiss Properties continues construction in Irakli despite ban
Pamporovo resort to invest 13M leva in ski lift
World Superstars Boost Sofia Property Prices
Spanish Riofisa presents its 270 million euro Civis Center
Bulgarian property sector to post even growth in 2008
Property Overseas: Cash in on Your Rental Potential
Bulgaria Residential Real Estate Prices Up by Nearly 30% y/y - NSI
Bulgaria Residential Property Prices up 18,6%
Hotel developments devour 9,200 ha of fields, forests
REIT FairPlay Properties to build balneological center in Sapareva Bania
Sofia co invests in hotel complex near Chernomorets
Investors may dial back mall development plans
Realtors: Bulgaria housing price growth to slow in '08
REIT FairPlay Properties to raise 22 mln levs in share sale
Revamped shopping center opens in Lovech
New ski run, lift to open in Borovets resort
Bulgarian co building solar energy park in Rhodope mountains
Germany s Neckermann opts out of Bulgarian sea resort Albena
Colliers: supply of holiday homes in Bulgaria significantly up
Developers to invest in 3 new Sofia business parks in Sofia
Bulgarian-Spanish co to build wind park in Varna area
Interservice Uzunovi, Miller to team up for retail park project
Developer Stock Plus to list on Bulgarian bourse
Chimimport, realty co's eye sale of region's biggest wholesale market
Bulgarian construction co Planex eyes Romanian expansion
Landmark business sold for 210 mln euro
Managers Buy Out Bulgarian Real Estate Firm
Latest offers:
For sale Apartments 2 Bedroom in town Sofia - Mladost 4 135000 EUR
For rent Apartments 1 Bedroom in town Sofia - Manastirski Livadi 600 EUR
For sale Apartments 1 Bedroom in town Sofia - Manastirski Livadi 115000 EUR
For rent Apartments 2 Bedroom in town Sofia - Ivan Vazov 1400 EUR
For rent Apartments 2 Bedroom in town Sofia - Iztok 1000 EUR
For rent Apartments 3 Bedroom in town Sofia - Oborishte 1200 EUR
For sale Houses Cottage Chalet in town Sofia - Boyana 308000 EUR
For rent Apartments 3 Bedroom in town Sofia - Lozenec 750 EUR
For sale Studio Apartments in town Sofia - Centre 50000 EUR
For sale Apartments 1 Bedroom in town Sofia - Centre 139000 EUR
For sale Apartments 2 Bedroom in town Sofia - Centre 142500 EUR
For rent Apartments 2 Bedroom in town Sofia - Lozenec 700 EUR
For sale Apartments 3 Bedroom in town Sofia - Lozenec 292500 EUR
For rent Houses Cottage Chalet in town Sofia - Manastirski Livadi 2500 EUR
For sale Land Plot Residential in town Sofia - Geo Milev 220000 EUR
For sale Factories Industrial in town Sofia - Trebich 818000 EUR
For rent Apartments 2 Bedroom in town Sofia - Boyana 500 EUR
For rent Apartments 1 Bedroom in town Sofia - Centre 450 EUR
For rent Houses Cottage Chalet in town Sofia - Dolni Lozen 1000 EUR
For rent Houses Cottage Chalet in town Sofia - Dolni Lozen 1000 EUR
For sale Studio Apartments in region Burgas - Sunny Beach 37400 EUR
For sale Studio Apartments in region Burgas - Sunny Beach 34000 EUR
For rent Apartments 1 Bedroom in town Sofia - Centre 650 EUR
For sale Apartments 1 Bedroom in town Sofia - Centre 246000 EUR
For sale Studio Apartments in town Sofia - Centre 115000 EUR