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Archive » July / August 2026 » Reverse Mortgages in Italy. Demand and Supply Dynamics at the Regional Level

Reverse Mortgages in Italy. Demand and Supply Dynamics at the Regional Level

Massimo Biasin, Andrea Delle Foglie, Emanuela Giacomini, Nicoletta Marinelli
July / August 2026 - n. 7-8
Keywords: Prestiti vitalizi ipotecari, mercato creditizio italiano
Jel codes: G21, G28, D14

In a context characterized by high homeownership rates, modest pension incomes, and increasing life expectancy, reverse mortgages may represent a potential solution to improve financial planning and financial security in old age. Although structural conditions are favourable, the Italian reverse mortgage market remains underdeveloped due to cultural factors and financial constraints. This study proposes the construction of two synthetic indices aimed at capturing the regional determinants of demand and supply. The resulting mapping highlights significant territorial imbalances and identifies priority areas for policy intervention. Reverse mortgages could therefore represent a socially responsible financial innovation tool, consistent with Esg principles, provided that the institutional framework is strengthened and appropriate incentives are introduced, particularly in areas characterized by greater demographic vulnerability and limited access to credit.

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