Bulgarian banks will again lend to foreign nationals

08.11.2010

Bulgarian banks will again lend to foreign nationals, which will substantially support the real estate market, struggling. Unicredit Bank was one of the first resumed granting of mortgage loans to overseas investors, from which the service earlier was forced to withdraw because of the crisis.

Now the main task of the banks is to convince investors to invest funds in the purchase of items that will help the real estate market can cope with crisis situations.

Real estate along the coast enjoy, as always very popular among Russian buyers. About 100 000 Russian citizens have already purchased apartments and houses here. Prior to this, Bulgaria has been a favorite location for property purchase by British and Irish, but last year their activity markedly decreased.

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