House For Sale Near Elhovo - ID 100

Mortgage Rates Hit New Highs In September 28/10/2008
Four Bulgarian banks raised the interest rates charged on lev-denominated mortgage loans in September, data from moitepari.bg website, which compares loan and personal finance offers of different lenders, showed.The Moite Pari leva-denominated index, which tracks the average annual interest rates of 20-year mortgages, picked up five basis points to reach 9.61 per cent, the highest since was launched at the end of 2005.Five of the fifteen leading local-currency mortgage lenders tracked by the index have revised their mortgage loan terms. Only Municipal Bank cut by the price of its most popular mortgage loan by two basis points after the central bank lowered its benchmark rate, the website said.The price of Allianz Bank Bulgaria's loans jumped by 0.76 percentage points as the interest... more

Overpopulated Resorts In Bulgaria A Setback For Tourists 10/03/2008
The state failed to impose efficient measures to prevent hotel construction growth in Bulgaria's seaside resorts, resulting in a decrease in prices and demand. As the state proved incapable of restricting new construction in the resorts, the private sector found another way of dealing with the problem, starting to explore tourism possibilities in areas away from the large resorts, Capital newspaper said. Hotel owners said that the big resorts like Sunny Beach and Golden Sands no longer have development potential. Although four and five-star hotels are half-empty, investors keep on constructing new ones. With over 200 hotel construction projects in Sunny Beach, most investors now prefer small-sized projects in less constructed and yet unexplored areas of the seaside, Capital... more