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Venerdì 19 Gennaio 2018 | 00:44

Rome

New home mortgage loans up 97.4% says ABI

A majority are fixed/rate loans

New home mortgage loans up 97.4% says ABI

Rome, December 28 - New home mortgage loans rose 97.4% in the first 11 months of 2015 over the same period last year, the Italian Banking Association (ABI) said Monday. Banks extended a total of 44.3 billion euros in loans to home buyers, against 22.5 billion euros in loans in 2014, ABI added. Variable/rate mortgages made up 43.7% of the total while fixed-rate loans made up 65% - up from 25% in 2014, according to ABI.

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