The Italian mortgage market: characteristics, evolution and regional differences. Evidence from a bank survey

Paola Rossi

No 13, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper reviews the supply of different mortgage instruments to Italian households by means of data obtained from a survey conducted in 2007 by the Bank of Italy over more than 300 banks. The results document significant innovations in housing finance in the last five years: a greater variety of mortgage products is supplied, along with a widespread easing of borrowing constraints facing households. The supply of new products is already routinely provided by large and medium banks, while it is spreading among local cooperative banks. It is significantly higher among banks which have adopted credit scoring techniques to select clients.

Keywords: mortgages; financial innovation; credit scoring (search for similar items in EconPapers)
JEL-codes: D14 G21 R21 (search for similar items in EconPapers)
Date: 2008-06
New Economics Papers: this item is included in nep-ban, nep-geo and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_13_08

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