Italian home buyers pay as much
as 25,000 euros more than they would in other EU countries for a
30-year property mortgage of 100,000 euros, Adusbef and
Federconsumatori consumer groups said Tuesday.
Italian home buyers face average mortgage interest rates of
4.47%, against an average of 3.18% in the EU as a whole, the
consumer watchdog groups said citing data from the latest
European Central Bank (ECB) and Bank of Italy bulletins.
Loans are also more expensive in Italy, with interest rates
averaging 7.18% against 5.5% in the eurozone.
This means Italian banks are not applying ECB interest rate
decisions, making Italy the country with the dearest money in
Europe, the consumer groups said.
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