Loans

In Greece, we use one word to symbolize the safety and security of living in a privately-owned home: keramidi (roof tile).

The Bulgarian real estate market has seen a notable increase in both prices and transaction volume in the past quarter, according to real estate broker Dimitar Kalajjiev in an interview with Radio "Focus." He highlighted that the current demand for properties surpasses the supply, maintaining strong interest in home purchases.

Cyprus made strides in paying down its debt in the second quarter of 2024, settling over 1 billion euros in bonds and loans. According to the Cypriot Finance Ministry's Debt Management Office (PDMO), this repayment approach helps reduce the national debt, boost financial stability and potentially open up new benefits for Cypriot citizens and the economy.

The "Buy with a loan or rent?" dilemma is now obvious to those who have the ability to access bank credit to acquire a house, either with or without the "My Home" program. As rental rates in the major urban centers increase and the European Central Bank continues to cut interest rates, it is clear that more and more households will be looking to get their own property.

The mortgage market in Greece is registering consecutive negative records, with Greece appearing as the only country in the European Union in negative territory on housing credit for the last three years.

A new interest rate subsidy scheme for mortgages is on the horizon in Cyprus, promising to ease the burden for many homebuyers.

The Bankers Association has announced that over the past three months it has been finalizing the details of the scheme in partnership with the Ministry of Finance.

More than 20 individuals have been detained across Bulgaria during operations led by the Ministry of Internal Affairs targeting vote buying. This information was confirmed by the Ministry.

Two individuals have been detained in Varna's "Asparuhovo" district as part of a police operation targeting vote-buying and domestic crime, according to a report by BNT. Pawnshops, payday loan businesses, and other locations suspected of involvement in vote trading are under investigation.

Banks in Cyprus raised the interest rates on home loans in August, while reducing the interest rates offered on household deposits, according to data released by the Central Bank of Cyprus on Wednesday. At the same time, the amount of new loans issued in August saw a sharp decline, dropping by nearly a third compared to July.

Starting today, new restrictions imposed by the Bulgarian National Bank (BNB) on housing loans will take effect. Under these regulations, commercial banks are prohibited from lending more than 85% of the property's market value.