Rome

Property mortgages slump 37.4% in 2012, reports Istat

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Property mortgages slump 37.4% in 2012, reports Istat

Rome, June 13 - Property mortgages in economically troubled Italy slumped 37.4% in 2012 over the previous year, the national statistical agency Istat revealed on Thursday. Mortgages were down 30.6% in the fourth quarter compared to the same period in 2011. Mortgages have more than halved since the period prior to the global financial crisis. Mortgages in 2012 were down 54.7% compared to 2006.

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