The Italian mortgage market: an analysis from Bussola Mutui CRIF - MutuiSupermarket.

Italy 2023 mortgage market news: sales down 16%, mortgage inquiries down 20%, new mortgages down 33.3%. The fixed rate represents 96% of all inquiries.

General market trend:

decrease in requests for mortgages and surrogates by 19.4% among Italian households, a decrease in demand for mortgages by 17.3%. The Italian mortgage market is in a period of significant change and adaptation to new economic and social dynamics. Bussola Mutui CRIF - MutuiSupermarket.it is an essential tool for those who want to closely follow the dynamics of this industry. This quarterly newsletter provides essential and up-to-date data for market players, individuals and families who plan to 'navigate' the complex''The world of mortgages when choosing to finance your home.

Decrease in real estate sales and mortgage inquiries:

The real estate sales market declined significantly by 16% in the second quarter of 2023. In parallel, mortgage inquiries among individuals and families declined by 20%. This data directly affected the issuance of new mortgages, which decreased by 33.3% in the second quarter of 2023 and by 29.9% in the first half of the year. In the third quarter of 2023, the increase in Euribor indicative values that began in early 2022 was accompanied by a significant increase in IRS values. This increase has reduced interest in surrogate mortgages, which now account for just 27% of all inquiries in the online channel, down from 36% in the first quarter. These data''highlight the challenges facing the industry and the need to adapt to new market conditions.

Mortgage inquiries:

In the third quarter of 2023, 65% of mortgage inquiries in the online channel were for the purchase of a first or second home.

Preferences and terms for rate type:

In the third quarter of 2023, 96% of preferences in the online channel were in''999 euros represented about 36% of all loans granted, while about 74% of mortgages granted were for amounts less than 150,000 euros. These data reflect the diversity of borrowers' needs and the importance of providing flexible mortgage solutions.

General trend in the mortgage market:

The Italian mortgage market as a whole faced significant challenges in the first nine months of 2023. Demand for mortgages from Italian households fell by 19.4% year-on-year, with few signs of recovery in September, when demand fell by 9.2% year-on-year. However, surrogates suffered a 17.3% loss and new mortgage issuance fell 24.9%.

The average requested volume of mortgages remained nearly stable in''s first nine months of 2023, with a change of only 0.3%. September saw an increase of 1.2% compared to the same month of the previous year, indicating a possible change in borrowers' preferences. In addition, data from the Bank of Italy showed a 33.3% drop in new mortgage issuance in the second quarter of 2023, which is in line with the downward trend in mortgage demand that started in 2021 and intensified in 2022. Visit MutuiSupermarket.it and calculate your mortgage payment. With our comparative analysis, you can take advantage of the benefits offered by the online channel: save 100%.