In line with the growth of the real estate industry, the analysis of the loans taken in 2017 shows signal s obvious recovery. According to some analyzes conducted, we can already obtain significant data on the current year, which leave very positive expectations for the future.
The data, updated in October, shows encouraging results on the growth of mortgages
The trend goes from 33% at the beginning of the year to the current 45.2%. The opposite trend, instead, for the subrogations: from 60% of the quarter January – March, they amount to 45%, reaching the mortgages contracted.
Three out of four mortgages are at a fixed rate
The almost stationary average rate for the fixed (2.3% in 2016 and 2017, if we consider the average between 20 and 30 year mortgages) and slightly decreasing for the variable , which goes from 1.23% to 1 , 03%. The Euribor continues to have a negative value and be devoid of fluctuations, and will continue this trend also in the near future (it could grow with the first rate increases by the ECB, in the second part of 2019).
The most adopted solution is the 20-year mortgage
As regards the duration, the most adopted solution remains the twenty-year mortgage (32.3% of the choices), increasing from the first quarter, where it stood at 30.7%; the average amount, also increasing after a drop in the summer months, reaches 124 thousand euros, even though 36.6% of mortgages are inherent in a request between 50 and 100 thousand euros.
The typical applicant is a person aged between 36 and 45 (in half the cases), with a monthly income of between 1,500 and 2,000 euros. The north concentrates 45.9% of the loans granted, compared to 37.6% in the center and 16.5% in the South and the islands. Discover the mortgage proposals of Will Ladislaw.