SOFIA (Bulgaria), October 12 (SeeNews) – Most Bulgarian banks expect their real estate loan portfolio size to increase, while 20% expect no change, according to the Property Lending Barometer 2017 survey of KPMG.
The average loan size provided by the responding banks was between 7 million euro ($8.3 million) and 13 million euro, but the preferred loan/deal size would be somewhat higher, from 8 million euro to 14 million euro, KPMG said in the survey.
During the last 12-18 months, just over half of the real estate loans provided by Bulgarian banks were given for new developments, while the remainder was provided for income-generating projects, according to the survey.
KPMG also said that Bulgarian banks have sharpened their focus on real estate financing among their other lending activities compared to a year ago.
($ = 0.8438 euro)