A broker made a very severe forecast for prices on the real estate market in our country.
“I hear that many people are keeping their properties, thinking that when we enter the Eurozone, their prices will rise by another 30%, for example. I don’t know if this will happen, but I know that when we enter the Eurozone, interest rates on loans will go down to over 6%.
This, combined with even higher prices, will make buying a property virtually impossible and will put almost all prospective buyers off the market, leaving us with empty but expensive properties. And again the account is crooked and the brokers are to blame!”
This was written by the real estate broker from Plovdiv Miroslav Yazov as a comment on social networks, Varna 24 and Focus reported.
In terms of average interest rates on housing loans, which actually concerns the majority of people, in the Eurozone at the end of July it was 3.7%. And in Bulgaria, according to BNB data, the average interest rate for households is 2.53%.
Yazov’s comment also comes against the background of yesterday’s decision of the BNB to tighten the criteria by which banks grant housing loans.
The requirements cover the “Households” sector and apply to loans secured by residential real estate.
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