Italy mortgage market shifts toward 30-year terms

In Italy, homebuyers are increasingly opting for longer-term mortgage plans to manage rising costs. According to a report by Patrigest – Gruppo Gabetti, mortgages with durations between 26 and 30 years rose to 65.2% of the total in the second quarter of the year, up from 61.3% in the previous period.

This shift toward extended repayment terms is a strategic response to average interest rates reaching 3.47%, the highest level in 18 months, and rising property prices. By lengthening the loan term, families aim to keep monthly installments sustainable. Consequently, shorter mortgage durations are declining, with contracts between 21 and 25 years dropping to 20%, and those between 16 and 20 years falling to 10.3%.