Bca MPS sees signs of recovery from the housing market and mortgages
Posted by admin on September 24, 2009 under finance | 
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According to the Area Research & Intelligence Bmps the housing market and mortgage glimpse signs of recovery that lead to look at the next two years with a cautious optimism.
Just in between late 2008 and early 2009 the sector showed the greatest and indisputable signs of their illness: Sales Down 20%, prices declining by 3.5%, times the average sales than 6 months, the average price gap between required and the final selling close to 15% decline in the mortgage of 20%, the mortgage rate of 40% of the income of Italian families. He reads a note from the bank of Siena. Grim, but certainly better than those seen in other European countries, the result of greater balance with which the Italian market has moved in the early stages of expansion cycle, and that today requires acts of “deleveraging” less intense.
Accomplices the progressive reduction in the level of interest rates (which has fostered the demand) and by supportive measures undertaken by the government, in the second quarter of 2009 seems at least stop the bleeding: returns greater interest of private individuals in the “brick “improves the trend rate of decrease of both the disbursements of loans it into trading. In view of the above the “budget” of the sector by the end of the year, though not, it would be somewhat better than bending levels seen in late 2008 and early 2009.
In the study drawn from the Research & Intelligence Bmps it contains a brief overview of the situation in the housing market and mortgage in 2008 and early 2009, focusing on the latest trends and prospects expected by year-end. Among the main findings are reports such as home loans for purchases of homes are being restored as the form of business with the best performance among the forms of employment such as banking and, consequently, their relative weight on the bank’s portfolio is growing again ( from 15.4% in April 2009 to 15.7% in July 2009).
From a first quarter 2009 in which he had seen a decline year over year by about 23% of disbursements, it was passed in June 2009, with the trend towards a decrease of 15%. Among the findings from the 2008 data, it also indicates the increase of their payments to fixed rate (from 53% of the total in 2007 to 67% of the total in 2008) and the growth of the operations of “substitution” (13% of the total in 2008, 4% in 2007).