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!!!!!
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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.
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arron Author: posts : 13   (Beginner)Date : 07-12-08 13:41

re: Bulgarian banks bad news

Link
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mikey Author: posts : 13   (Beginner)Date : 07-12-08 14:40

re: Bulgarian banks bad news

no comment Very Happy
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MrTeetotal Author: posts : 13   (Beginner)Date : 07-12-08 15:06

re: Bulgarian banks bad news

Not like you Mikey Very Happy Very Happy
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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!
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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.



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