MutuiSupermarket and reduced optimism on mortgages – Finanza.com

 

After countless articles in which we expressed serious concerns about the data delivery by new mortgages branched ABI that fomented fantomatiche “filming” of the credit market and real estate, riscontiamo finally shared dissident voices of the “usual” information. The topic of exciting data ABI as well as the huge amount of subrogation, which distorts the real magnitude of the disbursements as “new loans” has been introduced by us many times in this blog, and finally it seems that the world of information closer you are raising awareness to treat it with more care.

Here’s the simple but effective analysis of Rossini’s MutuiSupermarket:

“Data on new loans to individuals and families on the first quarter 2015, branched from the Bank of Italy June 30, 2015, in a certain way resize optimism that had arisen about the restart of the lending market for the house earlier this year. The ABI data (based on a sample of 78 banks, representing about 80% of the entire Italian banking market) reported with reference to the first three months of 2015 a greatest increase of new loans, accounting for + 50% , with the new flows up from 5.23 billion in the first quarter 2014 7.90000000000 of euro in the first quarter of 2015. The Bank gave Italy thus seems to be more in line with price trends registered on the first quarter 2015 during which the number of residential sales recorded a new drop of 3.0% compared the first quarter of 2014. In the light of this data on the performance of trades over the first three months 2015, it is clear that the growth of the mortgage market is not so much related to the recovery of real estate transactions but rather the new flows of loans granted for purposes SUBROGATION . However we continue to be very far from the level of disbursements of pre-crisis years: the new loans to individuals and families on the whole in 2010 amounted to 56 billion euro and at the end of 2014 they amounted to little more than 24 billion euro, a collapse of the -56% . The road ahead is long and to return to a pre-market crisis will require a strong recovery in the housing market, and economic confidence on the part of all potential private borrowers and families. “

MassimoD.

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