The amount payable in monthly instalments is a crucial factor for Bulgarian borrowers when they come to select a mortgage loan product, according to local consultancy Credit Center.

The company reached its conclusion by appraising the increase in the average mortgage loan maturity recorded by the end of January.

Mortgage loans with maturity of 20 to 25 years accounted for 31.9 per cent of total January loans, followed by loans with maturity of over 25 years with 23.4 per cent and loans with maturity of less than 10 years with 10.63 per cent.

In terms of size, loans in the range of 10 000 to 30 000 euro form the biggest chunk of January loans at 35.6 per cent, followed by loans in excess of 50 000 euro with 27.1 per cent and mortgage loans of up to 70 000 euro.

The average size of the mortgage loan was 46 800 euro nationwide, which is a 20 per cent mark-up on December 2007. The figure for Sofia was 61 500 euro.

Around 78 per cent of January's mortgage loans were withdrawn in euro nationwide. The  corresponding rate for Sofia was 85 per cent.

Nationwide, half of all mortgage borrowers were aged between 25 and 30 years.

News.Dnevnik