The Italian Banking Association
(ABI) said Tuesday that it has recorded a sharp rise in mortgage
loans for new home purchases.
The number of mortgage loans for new homes rose by 26.5% in
the first four months of this year compared with the same period
in 2013, said the ABI.
During the first four months of 2013, mortgage loans for
new homes fell by 14.7% compared with the same period in 2012,
the group said.
According to ABI, this data indicates that there is "some
micro glimmer of light there" that could hint at a turning point
in the Italian economy which has been struggling to emerge from
its worst recession since the Second World War.
ABI said that the data was collected from 83 banks
representing about 80% of the retail banking market, and showed
that new mortgage loans worth 7.3 billion euros were made
between January and April, an increase of 26.5% compared with
the 5.8 billion euros in mortgage loans made in the same period
of 2013.
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