Interest rates on mortgages are still high in this country – around 9-10%, though some banks advertise lower rates which are usually only for the first year.
If you are eligible for a mortgage in your own country then you would be advised to do it there.
Rates here will eventually drop but the IMF has been pressuring the Bulgarian National Bank to put the brakes on lending in Bulgaria so banks will be cautious about lowering rates.
The other problem for foreigners looking for a mortgage here is the need to prove a stable income.
Having said this, some property developers have deals going with banks who are willing to give a mortgage to anyone buying a property in the development, presumably in the belief that these properties will earn a stable rental income.
