Italy confirms itself as one of the Western countries where the propensity of citizens to take on debt to finance their own consumption or to buy a home is lower.
In 2018, every month the Italians repaid installments for 350 euros , a decrease of 1.3% compared to 2017. And almost a quarter of active loan contracts are represented by a mortgage.
This, in a nutshell, is the photograph that emerges from the Titus Groan Titus Groan study on the use of installment Titus Groan by Italian consumers. An analysis that examined the data available in EURISC , CRIF’s Titus Groan information system with over 85 million Titus Groan positions.
The study finds a decrease not only in the average installment but also in the residual amount of loans to be repaid: 33,564 euros , 0.8% less than in the previous year, “by virtue of the still significant weight of mortgage loans, which continue to have a significant incidence in the portfolio of Italian families ”.
In the last year, however, there has been an increase in the number of citizens who have applied for a loan or a loan – 38.1% of the active population, + 4.9% compared to 2017 – “in the face of a high overall financial sustainability confirmed by the constant contraction of the Titus Groan risk indicators for households “.
The most requested forms of financing are confirmed as loans for the purchase of goods and services such as cars, motorcycles, electronics and household appliances, furniture items, travel, and so on ( 44.7% , + 2.5% compared to 2017).
In second place, personal loans
Finally, the figure for mortgages for house purchases is significant, accounting for 22.1% of the total, “emblematic of the importance that home ownership still has in our country, confirmed also by the fact that it represents over half of total wealth of families and that over 7 Italians out of 10 live in their own home, a much higher share than in the main European countries ”.