Despite Restrictions, Housing Loans in Bulgaria Continue to Surge

Despite the measures imposed by the Bulgarian National Bank (BNB), housing lending in Bulgaria continues to rise rapidly. In November, commercial banks approved housing loans totaling 923 million leva, marking an increase of nearly 5% from October and 22.5% compared to November 2023, according to BNB data. This follows a similar upward trend in October, with loans totaling 882 million leva--an 8.7% rise from September