Just under 122 thousand euros, to be precise 121,893 euros. This is what the average request from citizens amounts to Livorno regarding the provision of mortgages. This is what emerges from the survey conducted by Facile.it and Mutui.it concerning the first 4 months of 2024, with an overall situation at a regional level which shows a general increase in the number of requests equal to 18%. The average request amount of just under 122 thousand euros is equivalent to the second lowest figure at provincial level in Tuscany, which is around 26 thousand euros away from the highest one (Florence 147,852 euros) and just over 650 euros from Arezzo (121,250 euros) tail light.
At a regional level, however, the analysis highlights an increase in the number of requests compared to the same period of 2023, with a slight increase in the average amount (+0.7%) and in the average value of the properties (+2%). The analysis also highlights the growth in subrogation requests, driven – as explained by Facile.it and Mutui.it – by the favorable conditions offered by banks for fixed rates: between January and April 2024 this type of requests represented the 29% of the Tuscan total, up 9 percentage points compared to the same period of the previous year.
The experts of Facile.it: “More consumer confidence in the future thanks to the improvement of the conditions offered by the banks”
For the experts at Facile.it “2023 was a complex year for the mortgage market, hit by the increase in interest rates and by less economic availability on the part of families, already struggling with the increase in inflation “. “2024, however – they underline – started off positively, with increasing demand, driven above all by the improvement in the conditions offered by banks for fixed rates, which has generated greater confidence in the future among consumers”.
On average, according to the 18 thousand mortgage requests analyzed by the reference portals, it emerged that the duration of the mortgage drops from 25 years to 24 years, while the average age of the applicants reaches 41 and a half years (an increase of one year compared to to 2023). Limiting the analysis only to mortgage requests for the purchase of a first home, it emerges that the average amount requested in Tuscany in the first 4 months of 2024 was equal to 138,876 euros, a stable value (+0.2%) compared to the same period last year. The average value of the property drops slightly, equal to 195,839 euros (-1%). However, the average age of the applicant increases slightly (38 and a half years), while the duration of the repayment plan decreases (almost 26 and a half years).
The provincial trend, Livorno in the last positions regarding the average amount requested
Analyzing the mortgage requests collected in Tuscany between January and April 2024, some differences emerge at a local level. Florence is the Tuscan province where the highest average amount was recorded (147,872 euros), followed by Lucca (139,058 euros) and Siena (135,690 euros). Values lower than the regional average for Prato (130,364 euros), Pisa (129,729 euros), Pistoia (129,075 euros), Grosseto (123,358 euros) and Massa-Carrara (122,612 euros). They close the ranking, very close to each other, Livorno (121,893 euros) and Arezzo (121,250 euros).
On the supply front, Facile.it found that in the first four months of the year the conditions offered by the banks were overall favorable, in particular for fixed rates, with decreasing indices driven by the decrease in the IRS. Looking at the best offers available today for a standard mortgage of 126,000 euros over 25 years (LTV 70%), the fixed rates start from a TAN of 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 TAN rate of 2.65% with a monthly installment of 574 euros.
