Home mortgages in Italy rose by 50.4%
in value during the first three months of 2015 compared with the
same period last year, the Italian Banking Association(ABI)
reported on Monday.
Home loans issued from January to March signaled "strong
recovery" in the market, the group said.
That news comes after years of throttled mortgage credit
and real estate market doldrums since the onset of the global
financial crisis.
Mortgages in the first quarter of 2015 amounted to 7.9
billion euros, compared to 5.2 billion euros in the same period
of 2014, said ABI.
This year's total also exceeded the first quarters of 2013
and 2012, when Italy suffered a severe second dip in its
double-dip recession since 2008.
ABI said it polled 78 banks that represent 80% of the
Italian banking market for its report.
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