Bulgaria - Housing Mortgage Loans Backing the Banking Industry Strongly
Released on: June 25, 2008, 11:54 pm
Press Release Author: Shushmul Maheshwari
Industry: Financial
Press Release Summary: The Bulgarian banking industry is growing at a rapid pace on the back of rising housing and property mortgage loans and concrete real estate sector.
Press Release Body: RNCOS has released a new research report on the Bulgarian banking sector, “Bulgaria Banking Sector Analysis”, which says that the housing mortgage loans is one the fastest growing markets for the banking industry of Bulgaria, and is expected to grow at a CAGR of nearly 88% from 2007 to 2010.
According to the report, the Bulgarian housing mortgage loans experienced high growth in recent years at a CAGR of nearly 87% from 2004 to 2006 due to liberalization of the mortgage market, coupled with lower interest rates that made mortgage loans hugely popular in the country.
Moreover, the property sector in Bulgaria has been growing at a rapid pace for last few years, as a result, the demand for housing mortgage and property loans is growing in the country, says the research. Interestingly, housing and property loans accounted for more than one-third of the total lending in the country in 2006. And the level of investment in the Bulgarian real estate sector has escalated so high that it accounted for 40% of total foreign investment in the country during the first quarter of 2007.
A Senior Research Analyst at RNCOS said that the Bulgarian real estate sector emerged as the world’s strongest property market in 2007 with 26.22% jump in property investment compared to 2006, and the momentum is likely to continue in 2008.
The RNCOS study on the Bulgarian banking industry also gives forecast on disposable income, number of bankable households, loans/deposits ratio, loans/assets ratio, consumer loans, commercial loans, housing mortgage loans and agriculture loans extended by the banking industry.
In addition, the “Bulgaria Banking Sector Analysis” provides comprehensive information on the Bulgarian banking industry and evaluates product quality and the services it offers. The report also helps clients to identify the opportunities vital for the success of the banking industry in the country. It also offers in-depth analysis supplemented with statistical information on the baking industry to investors, financial service providers and global banking players to understand the market.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today\'s globally competitive environment.
For more information visit: http://rncos.com/Report/IM587.htm Current Industry News: http://www.rncos.com/Blog/
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