Abstract
Overview
Introduction
Turkey experienced strong growth in mortgage gross advances over the last few
years. What are the current issues facing this market? How are housing
policies affecting its performance? Who are the biggest lenders? What will be
the size of the sector in the next five years? This report provides the
answers.
Scope
- Covers the residential mortgage market.
- Provides market sizing data in terms of gross advances and balances
outstanding.
- Provides competitor market share for the top five players in terms of
balances outstanding.
- Looks at housing policies, regulations and issues in the mortgage market.
Report Highlights
The Central Bank of Turkey has continuously increased its policy rate during
June 2006 to July 2006 from 13.25% to 17.50% in order to rein in inflation.
Although typical mortgage rates have increased this year, they are expected to
fall gradually in the longer term.
From 2002 to 2006, there has been continuous growth in the level of balances
outstanding of mortgage loans at a compounded average growth rate of 191.5%,
thus further reflecting strong growth in mortgage lending.
The secondary legislation will allow lenders to get access to more efficient
funding methods. Indeed, lenders currently use short-term deposits (average
maturity of three months) to fund long-term borrowing (mortgages).
Reasons to Purchase
- Learn how Turkey' s mortgage market has developed over the last five years.
- Understand the recent developments in the mortgage market in terms of
regulations and competitor shares.
- Find out Datamonitor' s opinion on the future performance of Turkey' s
mortgage market over the next five years and its future prospects.
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