Mortgage credit demand increases in the Eurozone in the 2nd quarter.

Increase in housing loans in the eurozone in the 2nd quarter of 2024.

For the first time since 2022, the demand for housing credit has increased in the euro area in the 2nd quarter of this year.

The information is from the survey on bank loans published by the European Central Bank (ECB), and disclosed by Notícias ao Minuto. According to the data, "euro area banks reported a slight tightening of access conditions for loans to companies, consumers, and other household loans, but there was a relaxation in home purchase loans." (Source: Notícias ao Minuto)

In the 3rd quarter of 2024, a moderate increase in restrictiveness for corporate financing is expected with no changes to loans for families.

On the other hand, data shows an increase in demand for housing loans, consumer loans, and other loans to families, for the first time since 2022. This is due to an improvement in the housing market outlook, increased consumer confidence, and also in spending on durable goods.

However, the demand for credit by companies has decreased again, due to higher interest rates and lower fixed investment.

And for the next quarter, banks expect demand to increase in all loan segments.

"According to the banks surveyed, access to financing has improved for debt securities and, to a lesser extent, for money markets, while retail financing remained unchanged, except for the short term, which continued to deteriorate," the news reported.

Note also that with the reduction of the ECB balance sheet, the impact on the tightening of bank credit conditions was small, with a similar effect expected in the second half of the year.

Looking for a home loan? The credit intermediaries from Poupança no Minuto are here to find the best and most suitable offer for you in the market! We offer a free intermediary service that saves you from all the bureaucracy, to save money in your wallet... Simulate your new home loan here: Poupança no Minuto