(Finance) – Mortgage demand is growing again for the purchase of the first homewhile age still drops of eligible borrowers who are mostly under 36, favored by subsidized rates and by the measures prepared by the government for young people. According to the analysis by Facile.it, in the first quarter of the year, the 77% of the questions of funding collected online was for the purchase of the main residenceup by 17 percentage points compared to 2021.
On average, those who turned to a credit institution to buy the main house had, at the time of signing, just over 35 years old (the age was 39 in the first quarter of 2021). More generally, the average age of would-be borrowers fell to 37 and a half years (he was 41 just 12 months ago).
“The increase in the percentage weight of first home mortgages was affected on the one hand the increase in the number of young people who, thanks to the incentives, can turn to a credit institution for the purchase of the house, on the other hand, the decrease in subrogationswhich today represent less than 10% of the total requests while in the first quarter of last year they were equal to about a quarter of the demand “, explains Ivano CrestoManaging Director of financial products of Facile.it.
The average amount required for the purchase of the main residence is stable at 146,319 euros to be repaid in 26 years (it was 25 years in 2021).
On the front of the taxi recording the increase of fixed ones close to 2% and that today, according to the simulations of Facile.it, it can cost 12,300 euros more compared to twelve months ago. However, the conditions for access to credit are more favorable for young people who are able to finance 100% mortgages with interest rates even lower than those proposed for a normal 70% loan. And with the increase in fixed rates, the variable rate becomes a further and valid alternative for those who want to take out a mortgage.