Bulgarian housing loans grew 24.8% in a year, while the average mortgage rate stayed near 2.4%

September in figures

• Housing loans: €19,645.6 million, +24.8% a year (+25.2% in August).
• Consumer loans: €12,419.0 million, +16.0%.
• All loans to households: €33,115.3 million, +20.7%.
• Household deposits: €57,221.5 million, +16.2%.

New mortgage lending in September was €643.6 million, 12.3% more than a year earlier. The average interest rate on new housing loans was 2.41%, down from 2.47% a year ago, and the annual percentage rate of charge (APRC) was 2.76%, according to BNB interest rate statistics.

Why it matters for buyers

Bulgaria joined the euro area on 1 January 2026, and the BNB now reports in euro. New mortgages still cost less than 2.5% a year, while credit grows by about a quarter a year. Cheap and fast-growing credit supports demand and prices, so buyers should compare not only the rate but also the total cost and the fixed-rate period.

Housing loans now make up about 59% of all household loans in the country. For the August figures, see our earlier analysis.