To families more than 15 billion in eight months – The Messenger

To families more than 15 billion in eight months – The Messenger

Good thing we think of the mortgage to save the last picture came from credit to households and businesses. Because if it is true that bank lending to businesses and households have recorded yet another drop in August, the twenty-eighth in a row, with a 1.09% annual contraction, when it comes to purchasing new homes music is completely different.

They came to exceed € 15.6 billion in the first eight months of the year, the resources made available by the banks who knocked on the door to buy a house. Namely, according to data released by the same Abi, that in a sample of 84 banks (80% of the Italian market) payments were up 28.6% compared to the same period of 2013.

It is evidence of the recovery of a market consolidates, for the Association, as the amount of new loans in 2014 is also higher than the figure for the first eight months of 2012, when they amounted on 13.924 billion euro.
 It is no surprise, then, in times of rates to almost zero, which are mainly variable rate mortgages to push the recovery.

In the first eight months of the year fell on this type of loans the 79.7% of total new loans, compared with 77.2% in the same period of 2013 and 69.1% in the first eight months of 2012 numbers on mortgages are those that need comfort. On this there is no doubt. Hoping that sooner or later there is a contagion effect on the rest of the credits, which is still in trouble.

It is not enough that the annual decline in August (-1.09%) for the most wide audience of loans to businesses and households is milder and is also a more restrained ever recorded from July 2012 Why the complex funding in August, however, recorded a -2.3% per annum. The budget is always in red. And who knows if you really care Draghi will succeed in the miracle to reverse the trend.
 Roberta Amoruso

 27 September 2014 16:37 – Last Updated: 17:00

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