New Bulgarian Loan Restrictions Take Effect, Impacting Homebuyers

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.

Additionally, the maximum repayment period for mortgage loans is capped at 30 years, and borrowers' monthly installments cannot exceed 50% of their monthly income....