Mortgage borrowers to finance at least 50% of property purchase price

The Bulgarian National Bank (BNB) will require that all mortgage borrowers can finance at least 50% of their new property themselves. This is a recommendation of the IMF. The aim is that after the monthly mortgage payment the income per family member is not below 100 Bulgarian levs. Now many Bulgarian banks offer mortgages that cover the whole price of the real estate purchase.

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