PISA – Finally positive signs from the world of mortgages for home purchases: according to the analysis of Facile.it And Mutui.itin the first four months of 2024 in Tuscany there request for financing increased by 18% compared to the same period in 2023. They return to grow Also the average amount requested (+0.7%) and the average value of properties subject to mortgage (+2%).
«2023 was a complex year for the mortgage market, hit by the increase in interest rates and less economic availability on the part of familiesAlready struggling with rising inflation», explain the experts at Facile.it. «2024, however, started off positively, with increasing demand, towed above allfrom the improvementor from the conditions offered by banks for fixed ratesthe, which has generated among consumers a greater confidence towards the future.».
The applicant’s profile
By analyzing a sample* of over 18,000 mortgage requests collected online in Tuscany it emerges that those who applied for financing in first 4 months of the year he aimed to obtain on average 134,645 EURvery small amount increase (+0.7%) compared to the same period in 2023. It grows also the average value of the property subject of mortgage, which arrives at 217.058 EUR (+2%). There duration of the mortgage drops from 25 years to 24 yearsWhile the average age of the applicants arrives at 41 and a half years (up one year from 2023).
Limiting the analysis only to mortgage requests for the purchase of the first one home, it emerges that the average amount requested in Tuscany in the first 4 months of 2024 it was equal to 138,876 EUR, stable value (+0.2%) compared to the same period last year. It drops slightly average value of the propertyequal to 195,839 EUR (-1%). It grows slightly, however, the average age of the applicant (38 and a half years old), while the duration of the repayment plan (almost 26 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 29% of the total Tuscan, in increase of 9 percentage points compared to the same period of the previous year.
The provincial trend
Analyzing the mortgage requests collected in Tuscany between January and April 2024, some emerge difference at the local level.
Florence it is the Tuscan province where the highest average amount was recorded (147,872 euros), followed by Lucca (139,058 euros) e Siena (135,690 euros). Values lower than the regional average for Lawn (130,364 euros), Pisa (129,729 euros), Pistoia (129,075 euros), Grosseto (123,358 euros) e Massa-Carrara (122,612 euros). They close the ranking, very close to each other, Livorno (121,893 euros) ed Arezzo (121,250 euros).
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 taxis leave from 4.60% and an installment of approximately 708 euros.
Last modified: June 19, 2024
