Bulgaria Mortgages

Our property services in Bulgaria From our main Bulgarian office in Sofia we deliver a full range of property services, from rentals and property management to resales. Our property services cover the principal property locations in Bulgaria such as Sofia, Bansko and Sunny Beach. Contact us to find out more about our Bulgarian property services.

Thanks to the large number of foreigner investors buying property on the coast and in the ski resorts of Bulgaria the Bulgarian mortgage market for foreign investors is more developed that it perhaps otherwise would be.

There were around 10 banks now offering Bulgarian mortgages to foreigners, however, since the global credit crisis many of these products have been temporarily withdrawn. We expect mortgages in Bulgaria to improve over the coming years.

Highlights of the Bulgarian mortgage market

• 80% LTV finance is possible
  
• interest rates typically around 7%
  
• 25 year terms possible
  
• upfront costs 1.0%
  
• mortgages available for self-employed persons (at higher interest rate)
  
• self-cert mortages are available at higher interest rates
  
• refinance is available
  
• currently partial interest only mortgages are available
  

The time taken to obtain a mortgage in Bulgaria is still quite lengthy and can be bureaucratic. That said the process has improved dramatically over recent years as the banks gets more used to dealing with foreigners.
There can be hidden costs/fees when taking out a mortgage in Bulgaria.

Please contact us for a mortgage quote.