Intesa Sanpaolo is launching a plan of integrated initiatives for all home buying needs, from consultancy and brokerage to financing and protection products.
The Bank, which has doubled its disbursements in the last year, is aiming for further growth in loans for the home and until 31 December will offer spreads at historic lows for variable mortgages starting from 1,15% and fixed rates at starting at 1,75%. The Institute will communicate to current customers the possibility of switching from variable to fixed.
Furthermore, by 2017, the Bank will be present in all major Italian cities with the network of Intesa Sanpaolo Casa real estate agencies, the first of which already operational in Rome, Milan, Turin and Monza and, by the end of the year, in Naples, Padua, Florence, Bologna and Brescia.
The importance of the synergy with the Group's Insurance Division was also reiterated, which has already achieved important results: the new home protection policy with Intesa Sanpaolo Assicura's technological smartbox has sold 35.000 kits in the eight months since its launch.
“We disburse double the mortgages of last year - underlined the CEO Carlo Messina -, of which 30% to young couples, without constraints deriving from the contractual type of work of the applicants. Now as in the past."
The chief economist of Intesa Sanpaolo Gregorio De Felice outlined an encouraging system scenario. The factors supporting home purchases are once again positive: disposable income is recovering, uncertainty about the future is decreasing, mortgage disbursements have started to grow significantly again.
The real estate market is therefore recovering: the number of transactions is growing and operators' expectations are improving; a rise in prices is also expected for 2016. The number of sales, which returned positive already in 2014, could grow by 2015% annually in the three-year period 2017-6.
