Home mortgages take 18 years on average to be repayed

Posted: 24 April 2018

Facile.it and Mutui.it have calculated that to repay a mortgage takes on average 17 years and 10 months, net of interest and considering that Italian families allocate on average 25% of annual income in order to repay the mortgage installments.

The result emerges from the analysis of about 40,000 requests for home loans collected from the two portals from January 2013 to December 2017 whose values have been crossed with the ISTAT data available on the incomes of Italian families.

The value increases compared to 2013, when the repayment of the loan required an average of 16 years and 10 months of salaries.