Mortgage rates in Bulgaria slightly up in October.

By bne IntelliNews November 28, 2012
Although the general trend in lending interest rates in Bulgaria was downward in October, mortgage rates turned to monthly growth after falling for the past four months, central bank data showed. Such an increase was seen in the average rate for new mortgage loans in EUR, which reached 7.9% in October, up from 7.43% in August. Still, the levels remain considerably below the ones seen following the outbreak of the crisis in 2008. The government has already called banks to alleviate lending terms in order to give impetus to consumption and economic growth. When compared to end-2011, the tendency is for falling interest rates in all loan categories.

Mortgage rates in Bulgaria slightly up in October.

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