Interest rates on loans in Bulgaria will not jump by more than 0.5 % when the growth starts

The expectations of most analysts are that interest rates on loans in Bulgaria will not rise much and even when they start rising, they would rise by 0.2-0.5% as the market in Bulgaria is very competitive and the banks are very liquid . This is a comment by bTV, the credit consultant Tihomir Toshev, who reported that this year is record for mortgage lending - the January-August growth of 20% is on an annual basis.

This has not happened on the Bulgarian mortgage market since 2008, Toshev pointed out.
It is normal for the market to grow by about 10-15%, the expert said.
The reasons for the record growth in mortgage lending are record low interest rates on mortgage loans, high interest in house purchase, and last year's real estate price growth of around 5-8%.

Over the past few months there has been a retention of interest rates on loans, Tihomir Toshev commented. And he added that usually after such detention there is a rise in interest rates.
According to Toshev, credits for personal construction will increase in the coming years - for the purchase of land and the construction of houses by young families. Currently, however, the main market is to buy a home, people do not want to be indebted to other things, he commented.

There will be an increase in interest rates on mortgage loans, said the financier Emil Harsev, pointing out that the return of interest rates to their usual levels is something expected and normal.

The US Federal Reserve was expected to take the second step towards raising interest rates in June, but that did not happen. The European Central Bank continues to talk about keeping the policy on negative interest rates. So the interest rates will rise in the future, but it is not clear when and how much, the financier said.