The mortgage sector in Puglia is undergoing notable changes, particularly in the first half of 2026. Kìron Partner SpA, part of the Tecnocasa Group, has conducted a comprehensive analysis to understand the factors driving the increasing number of families seeking financing for property purchases. This article examines key
aspects of mortgage applications, including their purposes, interest rates, durations, and average amounts.
Leading this investigation is the significant finding that 87.2% of mortgage requests in Puglia are aimed at purchasing a primary residence. This statistic highlights the strong aspiration among Puglian families to achieve home ownership. In contrast, only 7.1% of applications are for refinancing existing mortgages, while a mere 0.6% focus on debt consolidation. Additionally, those seeking cash through a mortgage represent just
1.3%, financing for construction or renovation stands at 1.5%, and purchases of second homes account for 2.4%.
Trends in mortgage requests
When comparing the current data with the previous semester, a slight decline of 2.2% in requests for primary home purchases has been observed. However, there is a contrasting increase of 2.5% in applications for refinancing existing mortgages. Furthermore, the market for second home purchases has experienced a slight drop of 0.3%, while debt consolidation requests have also
decreased by 0.3%. These variations indicate a dynamic landscape in the mortgage sector.
Borrowers’ preferences for interest rates
The prevailing interest rate environment has significantly influenced borrowers’ choices. In Puglia, an overwhelming 95.5% of homeowners opted for a fixed-rate mortgage, emphasizing the stability this option provides. Only 4.5% chose a mixed-rate mortgage, which combines fixed and variable rates. Compared to the previous period, mixed-rate options have gained traction, increasing by 2.5%, while fixed-rate mortgages saw a minor decline of 2.1%.
Understanding interest rate types
To understand the available choices, it is essential to define the various types of interest rates. The variable rate is linked to indices like Euribor and can fluctuate over time, while a variable rate with a cap offers a maximum limit to this fluctuation. In contrast, a fixed rate ensures that the monthly payment remains constant throughout the loan term, and a mixed rate allows borrowers to switch between fixed and variable rates, providing a level of flexibility.
Duration and average mortgage amounts
The average duration of mortgages in Puglia stands at 26.8 years, a slight increase from the previous semester. Examining the duration categories reveals that 67.5% of mortgages fall within the 26 to 30-year range. Other segments include 14.1% for loans lasting 21 to 25 years and 10.8% for those between 16 and 20 years. Notably, only 0.2% of mortgages are of short duration, less than 10 years.
Regarding the average mortgage amount, during the first half of 2026, the figure reached approximately €113,600 in Puglia, marking an increase from €112,900 in the previous semester. The distribution of mortgage amounts indicates a tendency towards mid-range financing, with only 2.2% of loans being less than €50,000. The majority of requests are concentrated in the €50,000 to €150,000 range, reflecting a preference for accessible yet significant financial support.
The choices made by Puglian families regarding mortgages in 2026 illustrate a persistent pursuit of stability and security, with a dominant inclination towards acquiring a primary residence and a strong preference for fixed-rate mortgages. These trends not only reflect the current economic climate but also the enduring desire for home ownership in the region.