Prices for residential property keep falling down. However, the experts claim the rates of depreciation come to a halt. There is gradual growth of demand for housing credit: April 2010 saw 7% year-on-year growth of the amount of credits. Additional positive moment – reduction in interest rate in respect of Eurocurrency mortgage credits (by 1 percentage point over the last six month).

Moreover, within the first half of this year drop in euro exchange rate resulted in considerable decline in difference in rate of exchange between Euro and BGN and crediting rates of interest. Analysis of current situation shows that today average monthly wage in Bulgaria allows buying residential space of 0.65 sqm. Based on this indicator one can conclude that properties in Bulgaria have become more affordable. Those whose income did not suffer during the crisis can buy housing today.

Here there are only few indicators giving optimism and showing that Bulgarian families have become better circumstanced: yearly income grew by Euro 3.4 billion reaching Lev 36.4 billion, within the year financial assets increased by 10%. Besides, Bulgarians keep the interest accrued on deposits more willingly and successfully pay out 30% of credit and lease short-term debts. At the same time, Bulgarians prefer keeping their assets in commercial banks, various deposits of which currently account for 68% of savings.

Despite the fact that for the first quarter of this year Bulgarians received income from depository in the amount of Lev 317 million, it is expected that in future saving will become less profitable due to inflation growth and reduction in deposit interest rates.