Mortgage interest rates in Italy in 2024

In 2024, Italian mortgage rates range from 3.5% to 6%, depending on market fluctuations and individual bank policies. Italian lenders offer two types of rates: fixed and variable. Fixed rates are usually higher but provide stability. Variable rates start lower but are unpredictable due to market dependency. Foreign buyers may face extra requirements, like proof of income and a local bank account. Italian residents benefit from tax deductions, and a fund for those under 36 helps offset costs.