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Increased activity reported in Bulgarian real estate
There has been a significant rise in the number of new mortgages issued in Bulgaria, it has been revealed.
According to research from Credit Center, a consultancy based in Sofia, the number of home loans awarded in the second quarter of the year was 18 per cent higher than in the first three months of 2011, the Sofia News Agency reported.
Chief executive officer of Credit Center Tihomir Toshev told the press organisation that this bodes well for the Bulgarian real estate sector.
He explained that buyers and sellers have been active in all areas of the market, although the most popular kind of property is currently a two-bedroom apartment.
Mr Toshev added that "receiving credit is becoming easier and easier", which has enabled more people to purchase a home in Bulgaria.
Last month, the Sofia Echo noted that there was a 27 per cent annual rise in the number of real estate transactions in the country during the first half of the year.
- PropertyShowrooms.com
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Rising real estate sales reported in Bulgaria
The Bulgarian property market has improved since the beginning of the year, it has been reported.
Speaking to the Sofia Echo, chief operating officer of estate agency Bulgarian Properties Polina Stoy... - PropertyShowrooms.com
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