21 March, La Repubblica
The requests for mortgages and subrogations have continued to decrease in February. According to the data by Crif, the reduction has been equal to 6.9% compared to the same period of the previous year, when subrogations were a significant part of the demand. Whereas the amounts requested have increased (+1.3% compared to February 2017), bringing the average value to 126,064 euro. The most common amounts are included in the range between 100,000 and 150,000 euro (29.4% of the total). Italians prefer a period between 16 and 20 years to pay back the loans.
“Today the market trend is increasingly concentrated on the offer of new mortgages – declares Simone Capecchi, Crif Executive Director – and they support the recovery of real estate, which is struggling to take off, despite the convenient prices”.
Source: La Repubblica
Transaltor: Cristina Ambrosi