Bulgaria Ski discussion board

Bulgarian banks bad news

Uptheowls Author:Uptheowls posts : 150   (Intermediate)Date : 07-11-08 18:45

Bulgarian banks bad news

http://www.propertysecrets.net/tr-MDk1OHw1MTYxOQ==/blogs/finance_watch/dont_bank_on_bansko_/post-181.html

As an investor not what i wanted to read!!!!!
MrTeetotal Author: posts : 13   (Beginner)Date : 07-12-08 12:11

re: Bulgarian banks bad news

Not too big a deal really if you paid cash for a property for your own/occasional rental use.
Borrowing to pay for a lifestyle though is always a risk and not just in BG.
arron Author: posts : 13   (Beginner)Date : 07-12-08 13:41
mikey Author: posts : 13   (Beginner)Date : 07-12-08 14:40
MrTeetotal Author: posts : 13   (Beginner)Date : 07-12-08 15:06

re: Bulgarian banks bad news

Not like you Mikey Very Happy Very Happy
Uptheowls Author:Uptheowls posts : 150   (Intermediate)Date : 07-14-08 12:43

re: Bulgarian banks bad news

Hi Mr T
agree using own cash is better but this must surely have a knock on effect to any future sales if potential purchasers have limited access to mortgages, just like in good old blighty!

I'm sure Mikey must have something to add!
Alpine Angel Author: posts : 13   (Beginner)Date : 07-16-08 18:38

re: Bulgarian banks bad news

I agree with Mr T Total, and now even better with Easy jet flying to Sophia from Manchester aswell as London.

Will be interesting to see what will happen over the next 10 years.