As already announced by some statistics a few days ago, Bank of Italy has formalized a general decline in demand for mortgages.
2008 was a bad time for the credit application:
“As a result of lower trading volume in the residential property market, increased interest rates for much of the year and most of the criteria ‘selective adopted by banks, lending for house purchase fell to 56 billion from 63 in 2007; reduction and ‘was more’ strong in the 2nd half of year * “.
Instead have been more requests for amendments to the contract of the loan. Subrogation and replacements have tripled compared to 2007.
Obvious sign of a difficult year for everyone, starting with the housing market that could not sell a lot to get to individual users to be able to pay the mortgage they had to find alternative solutions with your bank.
Now we are only half a year, but I am very curious to see the data in 2009 regarding the disbursement of loans and sales. A comparison would better understand the evolution of the real estate crisis to date.
