Bulgarian Euro mortgage rates drop, Lev rates rise
Bulgaria mortgage rates edge up to 8.46% << Back to list of articles
The interest rates on mortgage loans denominated in the local currency posted the biggest gain over the 12-month period ended April 31, adding 1.6 percentage point to 8.46%, shows data of the Bulgarian National Bank.
The mortgage rate rose 0.4% month-on-month.
The average rate on long-term euro loans ticked up 0.13 percentage points to 7.49% over the 12-month period.
The average rate on long-term consumer loans shed 0.42 percentage points to settle at 9.98% while the rate on short-term household loans is going in the reverse direction.
Short-term mortgage rates on loans denominated in the local currency and in euro slipped 0.05 and 0.20 percentage points.
Short-term consumer loan rates rose 0.14 percentage points over the 12-month period.
Retail deposit rates added 0.2 percentage points to 4.99% over the 12-month period while the rates on money deposited in the local currency rose 0.05% to 6.33%.
The rates on euro deposits and on deposits in the local currency with maturity exceeding 2 years fell 0.17 and 0.07 percentage points to 5.44% and 6.43%.
The average rate on corporate deposits rose 0.23% to 4.12% by end-April.(Dnevnik)