Manhigut – Loans And Mortgages Information

Loans for home: the families consider them very costly

by admin on 30/10/08 at 12:00 am

The increase in interest rates has emerged in a situation of risk for families in the past have made investments for the purchase of the house.

So much so that the government drew up an agreement with the banking system to lengthen the maturities of loans by reducing the amount of installments of repayment. Moreover, in the period 1995-2005 the increase in real average family income was less than 1 percent.

This may have led to a downward revision of growth expectations and a more negative perception of their economic conditions.

Elena and Christian reported and commented on a survey that collects information on income and living conditions in twenty-five European countries and provide guidance on the level of burden felt by families in respect of expenditure on housing and consumer credit.

In Italy more than 50% of households consider their loan very costly.