Finally positive signs from the world of mortgages for the purchase of a house in Sicily: in the first four months of 2024 the request for financing increased by 13% compared to the same period in 2023. They return to grow Also the average amount requested (+2.6%) and the average value of properties subject to mortgage (+1%).
The applicant’s profile
The analysis, carried out by Facile.it And Mutui.ita sample of over 19,000 home loan applications collected online in Sicily it emerges that those who applied for financing in first 4 months of the year he aimed to obtain on average 113,736 eurosamount in increase (+2.6%) compared to the same period in 2023. It grows slightly also the average value of the property subject of mortgage, which arrives at 166,992 euros (+1%). There duration of the mortgage drops from just over 24 years to just over 23 and a half yearsWhile the average age of the applicants it almost comes 40 and a half years (up half a year compared to 2023).
In Sicily the average amount requested is 114 thousand euros
Limiting the analysis only to mortgage requests for the purchase of the first home, it emerges that the average amount requested in Sicily in the first 4 months of 2024 it was equal to 114,201 euros, slightly increasing (+1.6%) compared to the same period last year. Unchanged average value of the propertyequal to 149,412 euros. It grows slightly, however, the average age of the applicant (38 years old), while the duration of the amortization plan (25 and a half years). Subrogation requests are growingdriven by the favorable conditions offered by banks for fixed rates: between January and April 2024 this type of request represented the 21% of the total Sicilian, in increase of almost 5 percentage points compared to the same period of the previous year.
The provincial trend of home mortgages in Sicily
Analyzing the mortgage requests collected in Sicily between January and April 2024, some emerge differences at the local level. Palermo it is the Sicilian province where the highest average amount was recorded (121,825 euros), followed by Catania (114,192 euros). Values lower than the regional average for Ragusa (111,014 euros), Trapani (109,321 euros), Messina (109,063 euros), Agrigento (108,008 euros) e Syracuse (106,476 euros). They close the ranking Enna (102,270 euros) e Caltanissetta (98,400 euros).
| Province | Average amount requestedJanuary-April 2024 |
| Agrigento | €108,008 |
| Caltanissetta | €98,400 |
| Catania | €114,192 |
| Enna | €102,270 |
| Messina | €109,063 |
| Palermo | €121,825 |
| Ragusa | €111,014 |
| Syracuse | €106,476 |
| Trapani | €109,321 |
| Sicily | €113,736 |
| Italy | 132,290 € |
The offer and rates
On the front ofofferFacile.it found that in the first four months of the year the conditions proposed by the banks were overall favourable, in particular for fixed rateswith decreasing indices driven by the decrease inIRS. Looking at the best offers** available today for a standard mortgage of 126,000 euros over 25 years (LTV 70%), the fixed rates they start from a TAN equal to 2.87%, i.e. a monthly installment of 589 euros. Even more advantageous indices for the so-called Fixed rate green mortgages (for properties in class A or B): in this case the rates start from a rate TAN equal to 2.65% with a monthly installment of 574 euros. The improvement in conditions also concerned fixed rates on subrogation: today, those who want to change banks can find offers with TAN indices which, for an average mortgage, start from 3.05% equal to an installment of 600 euros (which drops to 578 euros in the case of green subrogation). Still out of market instead the offer of variable rates: the best rates start from 4.60% and an installment of approximately 708 euros.
