Italian banks' interest rates on
mortgages remain about 9% higher that the Eurozone's average
although they have recently been declining, according to a
report released on Wednesday by the Mestre-based association of
artisans and small businessmen, CGIA.
Among eurozone countries, only the Netherlands recorded
higher interest rates than Italy, the association said.
The average rate on new real estate purchases in June this
year through a family mortgage was 2.20% compared to the 2.02%
of the single-currency area, according to CGIA.
Nevertheless, the association noted that the gap between
Italy and the rest of Europe has been shrinking over the past
years, down from the 20.7% gap registered in 2012.
The gap rose to 22.4% the following year, subsequently
declining to 13.2% in 2014.
In June, the difference recorded was 8.9%.
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