Two new market trends loans in Bulgaria in March emerges in their monthly analysis by consulting firm Credit Center. The first is related to increased purchases of panel apartments loan. Low prices for prefab apartments attract the interest of the largest active group of buyers. These are people who are looking to buy two-bedroom apartments at a price between 35 thousand and 45 thousand euros. Over the past two months have improved the conditions under which banks lend purchases of panel apartments. The financing of such transactions most often 70 to 75% of their value, which means that the loans vary between 25 thousand and 30 thousand euros. In terms of loans for 20 years buyers will pay a monthly fee between 400 and 500 euro - a reasonable cost for families with average incomes for cities. In most cases, customers who want to buy such a home, live rent and pay rents of the same order. Opportunity to gain their own home, paying the same monthly payments as monthly rent, motivate them to undertake the transaction by the company explained. Low property prices have led to another new market trend - the emergence of customers who want 100% financing of real estate transaction. The desire to make a bargain for quality housing at a good price at the time and increases the activity of people who are not ready for such a deal. Most often these are people with good and stable incomes, but savings of its own funds with which to take the necessary down payment and other costs associated withdrawal of credit and purchase of property. Today, 100 percent financing of the deal is impossible, unless customers have a second home, to mortgage, and supplementing the missing funds to the consumer credit or loans from friends and relatives is not always a good solution. Analysis of bad loans by the company indicate that the majority of them are caused by withdrawing credit ceilings or download additional one or two consumer unless the mortgage loan. Even at low prices should not make a deal at any price, because many such purchases pose future risks and largely ended by bad credit, consultants warn. In March the demand for residential home loans continues to be robust and requests for new loans have increased by 6% from the previous month, the company reported. In the month interest rates continued to fall in various promotional offers. Products specifically designed for fixed rate crisis in the first year, gathered strength and popularity, as have increased consumer interest, according to which higher interest rates were a major reason for delaying a deal. The high activity of buyers leads to an increase in average loans in the first quarter of the year. The figure exceeds 40 thousand in the previous data in February from a little over 38 thousand reasons are mainly to higher volumes and activation of purchases for investment purposes, which are traditionally carried out by more wealthy customers. The ratio between the euro and the euro is again fully in favor of European currency, where lending is done on much better terms. The data show that in March the ratio was 93 to 7. The average amount of mortgage loans drawn in the capital amounted to ˆ 45 500, with only 2% of them are in U.S. dollars. Varna does the tendency to increase the average - it is 39 650 in March, which is about 2000 euros more than in February. Plovdiv and Bourgas are still far from the activity in Sofia and Varna. During the summer months the company expects to increase the share of loans received in the maritime cities, which also lead to larger movements in average. People aged between 26 and 35 years represent over 45% of active borrowers in the period, while maintaining leadership. Increasing the share of borrowers between 36 and 45 years who is now nearly 36 percent, while the previous month was 29%. As stated reason is the stability of the savings of these customers. Remains the most passive group of younger borrowers - they represent only 2.9 percent of all. Even expressed an interest, they rarely meet the requirements of financial institutions because most fall in the group of hotel 100% financing deal. People over the age of 45 are nearly 15% of consumer mortgage loans, their share has remained relatively stable over time. Loans ranging from 10 thousand to 30 thousand again occupy the leading position and are preferred by most borrowers - 41.8 percent. The fear of the risk of large loans, however, began to recede, and consumer mortgage loans are becoming more bold in March. Evidence for this is melted difference between the most popular loans and currently ranked second values between 30 thousand and 50 thousand, representing nearly 40% of all. Single requests for loans are over 70 thousand euros. The reason, except the unwillingness of customers to commit to the payment of large sums, lies in the lower absolute bargains to buy homes. Most preferred is no longer the time between 10 and 15 years. Over 35% of all loans received for the period is a period between 16 and 20 years. The trend for the extension is interpreted as an indicator of market stabilization. Long-term loans, however, be weighed less frequently because of widespread feeling still higher interest rates and greater appreciation. The percentage of funding remains primarily between 50% and 60% of the total purchase. Borrowers who choose a percentage representing 35.4 percent of all. They are followed by those covered by mortgage loans between 40% and 50% of their property - they are 21.3 percent of borrowers. City Average amount of loans drawn in Euro Value in EUR / BGN% Sofia 45 500 98 / 2 Varna 39 650 87/13 Burgas 35 240 85/15 Plovdiv 27 860 83/17 Age Value Share in March in euro / euro% 18 to 25, the 2.90 percent 98 / 2 26 to 35, the 46.80% 87/13 36 to 45, the 35.80% 85/15 Over 45 14.50% 83/17 Distribution of loans by size Size Euro Title in March 0 10 000 0% 10 000 30 000 41.8% 30 000 50 000 39.6% 50 000 to 70 000 17.5% 70 000 to 90 000 1.1% over 90 000 0% Duration of loans drawn 10 years 6.40% 10 to 15 years 34.20% 16 to 20 years 35.80% 21 to 25 years 12.60% 26 to 30 years 11.00% Over 30 years 0.00% Share of funding 40% 7.10% 40% - 50% 21.30% 50% - 60% 35.40% 60% - 70% 18.30% 70% - 80% 17.90% 80% - 90% 0.00% 90% - 100% 0.00% source: Credit Center