Super jumbo mortgage

With an interest rate hike by the European Central Bank in July considered virtually certain, Greek borrowers will nevertheless remain largely unaffected, provided they remain up to date with their mortgage payments, as a result of the banks' reward programs for performing borrowers.

Local banks are expecting a recovery in the mortgage loan market in 2019 after several years of very low activity, with talk of 30 percent annual growth in new credit.

This comes on top of the 20 percent increase in demand last year that took new bank financing to the housing market from 260 million euros in 2017 to almost 320 million euros in 2018.

In recent months, 40% of all luxury real estate transactions in Bulgaria were funded with mortgage loans, according to the experts.