Bank loans remained the most popular means of payment in real estate transactions, shows data of fincity.bg, the Bulgarian comparison shop portal for financial products and services.

Despite the crunch, property buyers opt for the classical mortgage as it offers the highest security for both buyers and sellers. Property leasing deals are scarce, with most firms focused on core services such as auto and equipment leasing and on running current portfolios. Funding schemes offered by developers are a last-resort option for buyers who cannot proof their income to banks.

Fincity estimated the average consumer loan was BGN 9,100 in February, with most credits taken for five to ten years.According to the financial portal, UniCredit Bulbank offered the most popular consumer loan in EUR this February. Allianz Bank Bulgaria occupies the second position with its loan of up to EUR 5000, followed by DSK Bank.

This News is listed at news.Guide-Bulgaria.com

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