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Industry Watch - Bulgarians Financial Wealth Up by 10 percent
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Bulgarian households’ financial wealth has increased by BGN 3.4 B over the past year, according to Sofia-based consultancy Industry Watch.
Industry Watch released Wednesday its report “Personal Assets in Bulgaria: Financial Weatlh and Housing Market, Q2 2010“ indicating that at the end of March 2010, Bulgarians’ assets were worth BGN 36.4 B.
“Financial assets of the population increased by 10% y-o-y thanks to the increased propensity of households to save and accrued interest due on bank deposits. Parallel to the accumulation of new savings Bulgarians paid 30% of their short-term debt to leasing companies and credit companies,“ states the report of the consultancy.
Its data shows that some 68% of Bulgarian household savings are invested with commercial banks in the form of deposits, and that in the first quarter of 2010 the combined income from interest on deposits that Bulgarians received amounted to BGN 317 M.
“Housing continued to depreciate, although the rate of decline was slowing down. Housing loans increased by 7% in April 2010 compared to to April 2009, as interest on mortgage loans in euro decreased significantly - by 1 percentage point over the last six months. Moreover, the differential between interest rates on BGN loans and interest rates on euro loans has significantly decreased in the first half of 2010,” says Industry Watch, while pointing out that the average monthly salary in Bulgaria is sufficient to purchase 0.65 square meters of living space.
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Bulgarian Properties |
Cheap Properties in Bulgaria >>
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The RED TEMPTATION – Property in Bulgarian Rural Paradise - Your New Home in Bulgaria - RUS1567
Brief: Houses for sale near Veliko Tarnovo
Area: 150 sq.m.
Price: 9500 EUR
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Bulgarian Land Near the Black Sea coast - SLAND34 - only 12 Euros per sq. m.
Brief: Land for sale near Balchik
Area: 14000 sq.m.
Price: 168000 EUR
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Invest Big - Bulgarian Property near Cape Kaliakra - RUS195A
Brief: Land for sale near Balchik
Area: 15000 sq.m.
Price: 750000 EUR
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You plot of land in paradise - Bulgarian Property - SLAND011
Brief: Land for sale near Ruse
Area: 14000 sq.m.
Price: 4200 EUR
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Big plot (23 000 sq.feet), Two Houses and a Big Barn - Bulgarian Property - RUS1268
Brief: Houses for sale near Veliko Tarnovo
Area: 2180 sq.m.
Price: 17800 EUR
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Cheap and nice property near the Danube – My Bulgarian Property – RBP24
Brief: Houses for sale near Ruse
Area: 70 sq.m.
Price: 21400 EUR
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Healthy home in an wealthy area – My Bulgarian Property – RBP28
Brief: Houses for sale near Ruse
Area: 120 sq.m.
Price: 110000 EUR
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An offer you can't miss (Fully renovated) - House in Bulgaria - RUS1243
Brief: Houses for sale near Ruse
Area: 120 sq.m.
Price: 55000 EUR
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The perfect combination: nature, history and a pretty home – My Bulgarian Property – RBP21
Brief: Houses for sale near Ruse
Area: 200 sq.m.
Price: 93000 EUR
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A plot of land with good potential - SLAND07
Brief: Land for sale near Ruse
Area: 30000 sq.m.
Price: 9000 EUR
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Great offer for holiday-home seekers - VUS1203
Brief: Houses for sale near Varna
Area: 85 sq.m.
Price: 14500 EUR
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Great deal for a home near the Black Sea - VUS1204
Brief: Houses for sale near Varna
Area: 80 sq.m.
Price: 15500 EUR
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Be a part of Ruse – RUS1292
Brief: 2-bedroom apartments for sale in Ruse
Area: 90 sq.m.
Price: 56000 EUR
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Live near a Natural Reserve – RUS 1281
Brief: Houses for sale near Silistra
Area: 80 sq.m.
Price: 8600 EUR
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