Starting today, new restrictions imposed by the Bulgarian National Bank ( BNB ) on housing loans will take effect. Under these regulations, commercial banks are prohibited from lending more than 85% of the property's market value. Additionally, the maximum repayment period for mortgage loans is capped at 30 years, and borrowers' monthly installments cannot exceed 50% of their monthly income. According to real estate agency data, approximately 50% of home buyers in Sofia rely on mortgage loans,

Tag-uri: Real Estate