Raiffeisenbank Bulgaria offers preferential mortgage credits for the purchase of properties from the Sofia Sky complex, the company announced. The complex is situated in the foot of the Vitosha mountain, in Simeonovo district. It is the first Bulgarian project of Austria’s RE Project Development, a subsidiary of Raiffeisen Evolution GmbH, Vienna.

Part of the special privileges RE Project Development and Raiffeisenbank offer to the future owners of homes in Sofia Sky is a credit covering up to 90% of the price of the property under preliminary agreement and a gratis period of 12 months from the date of the credit contract.

The annual interest for the mortgage credits will be 6.25% for credits in euro. The credit analysis will be free of charge, and the “Property “insurance and “Life/Accident” insurance package will be given under preferential terms.

Sofia Sky is a residential complex situated in the foot of the Vitosha mountain, in Simeonovo district. The project value is 17 mln euro. The complex will have a total of 106 houses and apartments which will be ready in two stages – in the spring and fall of 2008.

Raiffeisen Evolution Project Development GmbH is a real estate company based in Vienna. It has operations in Austria, Central and Eastern Europe. Its portfolio includes residential and office buildings, as well as hotels, commercial and specialized shopping centers and buildings with combined use.