These are the four salient figures of the last Financial Stability Report * of Italian families, the leading analysis publication of the Italian financial sector of the Bank of Italy.
- Risks to financial stability have also increased in Italy, although they remain contained compared to past tense episodes;
- The gradual continues recovery of the residential real estate market;
- Risks to financial stability stemming from the household sector remain limited. In 2021 disposable income increased and confidence improved, but the war in Ukraine and rising inflation ** negatively affect prospects;
- The interventions of Government (even now that he is in charge of dealing with current affairs) they help to contain the effects of the increases in energy prices on the most financially vulnerable households. The overall debt of the household sector remains low in international comparison and the ability to repay loans is adequate.
Trend of the Credit Market
Assofin Consumer Credit Observatory: (1° Quarter 2022 +17,4 on the 1st Quarter 2021) – The growth in disbursements continues, which fill the gap compared to the pre-Covid period. Financing for the purchase of cars / motorcycles is in difficulty.
Real Estate Credit Observatory: (1° Quarter 2022 -6,04 on the 1st Quarter 2021) – The growth in home purchase mortgages does not offset the sharp decline in other mortgages following the collapse of subrogations.
Alex Gaetani
* Here you can download the full version of the report!!!
** E’ It is possible to discover the impact that the increase in prices is having on one's lifestyle with the Personal inflation calculator – The Sun 24 Hours