Tihomir Toshev

There is no bubble in the real estate market in Bulgaria yet, but obviously, the number of deals and house prices will continue to rise. This was summed up by experts during a discussion on real estate in Bulgaria. The reason for this is the large savings of the population, low-interest rates on loans and the desire to buy a better property.

In 2015, interest in lending returned. Last year and this year it was the strongest, caused by a fall in interest rates. For mortgage loans, interest rates are between 2.75% and 3.3%, which is historically low. This is commented by the credit consultant Tihomir Toshev on BNT.

In consumer lending, most countries in Europe have higher interest rates than Bulgaria.

The small photovoltaic plants threatened with civil disobedience if the purchase price of their green energy did not rise. They threatened with traffic blockades and demanded the resignations of the energy minister and the head of the energy regulator.

The expectations of the experts are 2019 to be stable on the credit market - both in terms of mortgage loans and consumer loans. This was stated by the credit consultant Tihomir Toshev, reported BNT.

The number of Bulgarians seeking new credits, with bad credit history reached 18% in March, shows data of the company Credit Center. 

The check ups in the National Credit Register showed that the problems vary from unpaid credits or parts of credits to periodical defaults.