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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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Top of the World - Bulgarian Property - (more than 31,000 sq.feet land with great potential) – RUS1957
Brief: Land for sale near Ruse
Area: 3000 sq.m.
Price: 28900 EUR
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Perfect lot for Solar Photovoltaic Panels - Only 4 Euro per sq.meter - RUS1577
Brief: Land for sale near Ruse
Area: 7000 sq.m.
Price: 28000 EUR
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Another perfect plot for sale near Bulgarian Black Sea- Only 8 Euro per 1 sq. meter - Land in Bulgaria near the SEA - SLAND37
Brief: Land for sale near Balchik
Area: 15000 sq.m.
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The sweet escape – My Bulgarian Property – RUS7635 - DISCOUNTED PRICE
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 7700 EUR
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The perpetual bliss (2 houses and a workshop)– My Bulgarian Property – RUS6027
Brief: Houses for sale near Ruse
Area: 200 sq.m.
Price: 33600 EUR
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Right here waiting for you – My Bulgarian Property – RUS3962
Brief: Houses for sale near Ruse
Area: 100 sq.m.
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Invest Big - Bulgarian Property near Cape Kaliakra - RUS195A
Brief: Land for sale near Balchik
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The Danube River calls you - My Bulgarian Property - RBP16
Brief: Houses for sale near Svishtov
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The hidden beauty - Bulgarian Property – RUS1285
Brief: Houses for sale near Silistra
Area: 120 sq.m.
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Bulgarian Property - Mountain starts from your door – RUS1287
Brief: Houses for sale near Ruse
Area: 100 sq.m.
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The rural temptation – RUS1410
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 7200 EUR
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Be creative – RUS1520
Brief: Houses for sale near Ruse
Area: 60 sq.m.
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Enjoy wonderful life in Ruse- RUS1298
Brief: Large apartments for sale in Ruse
Area: 90 sq.m.
Price: 72000 EUR
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Top center apartment in Ruse – RUS1297
Brief: Large apartments for sale in Ruse
Area: 140 sq.m.
Price: 72000 EUR
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