Bank of Italy reports regional mortgage rate disparities

An analysis by the Bank of Italy reveals significant regional disparities in mortgage rates across Italy. Sicily faces the highest average rates at 3.06%, followed by Veneto at 2.96%. Conversely, Sardinia offers the most favorable conditions with an average rate of 2.70%. These variations are primarily driven by credit institutions' risk assessments, where higher rates are applied in areas with greater family income fragility and business insolvency risks.

The report also highlights a gender gap in credit access, particularly in Southern Italy, where mortgages held by women account for only 18.4%, compared to a national average of 20.1%.

Regarding market trends, real estate agents surveyed by the Bank of Italy, Tecnoborsa, and the Revenue Agency predict a decline in property sale prices for the third quarter. However, the rental market is expected to see price increases. The supply of rental properties continues to decrease, with a significant drop in new leasing assignments reported by agencies.