Monday, May 4, 2015

Home: mortgage boom, Abi “grew more than 50%” – AGI – Agenzia Journalistic Italy



Economy

House mortgage boom Abi grew more than 50 19:40 May 4, 2015

(AGI) – Rome, May 4 – Data for the first three months of 2015 show the strong recovery of the market for loans to households for house purchase. Abi from the sample, consisting of 78 banks, representing about 80% of the totality ‘of the Italian banking market, shows that in the January-March quarter 2015, the amount of disbursements of new mortgages and’ amounted to 7.897 billion euro compared 5.250000000000 to the same period of 2014. The increase over the year, ‘and then, by 50.4%.
The amount of new loans in 2015 and’ is also higher than the figure for the first three months of 2013, when they amounted to about 4.337 billion euro, is the value of the first three months of 2012 (5.177 billion euro).
The adjustable rate mortgages are, in the first three months of 2015, the 66, 7% of the total new loans; however, they are the significant increase in fixed rate mortgages which reached to March 2015 almost 35% of new loans were almost 18% twelve months earlier. (AGI).

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