Mortgages in Germany 2007 (Market Guide)

Table of Contents

• Overview
  • Catalyst
  • Summary
• Executive Summary
  • Market size
  • Market forecasts
  • Key issues
  • Key market players
• Table of Contents
• Table of figures
• Table of tables
• Market Context
  • Country overview
    • Demographics data on a selection of major western European countries
      • Population
      • Economy
    • Housing market
      • Housing stock
      • House prices
  • Government housing policies
    • Social housing in Germany
      • Privatization of housing in the east has been slow
    • Overbuilding has led to an oversupply of housing in many areas of Germany
    • The German government has used grants and subsidies to boost homeownership
  • Market data
    • Mortgage interest rates
    • Market size
      • Balances outstanding
      • Germany has a high mortgage debt ratio compared to GDP
      • Gross advances
      • Product lines
  • Market structure
    • Categories of Banks
      • Private commercial banks
      • Sparkassen
      • Volks- und Raiffeisenbanken
    • Mortgage market structure
      • Market share by type of player
      • Funding
      • Distribution
  • Regulatory environment
    • Industry regulators
      • Bundesbank
      • The BaFin
    • Industry associations
      • Zentraler Kreditausschuss (ZKA)
      • The DSGV
      • Bundesverband deutscher Banken (German Bankers Association)
      • The BVR
      • The VöB
      • Association of German Pfandbrief Banks (VDP)
      • Verband der privaten Bausparkassen
    • Other noteworthy organizations
      • Ver.di
    • Credit bureaus
    • Repossession
    • Regulatory issues and developments in the mortgage market
      • The birth of an integrated European mortgage market is still very far off
      • Basel II will mean a number of changes for lenders
      • National mortgage-related reform
  • Key issues in the mortgage market
• Competitor and Product Overview
  • Top five mortgage lenders
    • Market share by balances outstanding
  • Product analysis
    • There are two forms of property financing in Germany
      • The Bauspar system explained
    • Typical product characteristics
• Market Forecasts
  • Forecasting gross advances
    • Datamonitor forecasts a steady rise of mortgage gross advances in Germany
  • Future prospects
    • Market attractiveness
    • Market inhibitors
• APPENDIX
  • Supplementary data
    • Tables relating to Chapter 2: Market context
  • Definitions
    • AAGR
    • Balances outstanding
    • CAGR
    • Fixed-rate mortgage
    • Gross advances
    • Loan-to-value (LTV)
    • Mortgage intermediary
    • Remortgaging
    • Tied agent
    • Unemployment rate
    • Variable mortgage
  • Research methodology
  • Further reading
    • European Mortgages
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: Total population across major western European countries, 2002-06
    • Table 2: GDP at current rates across major western European countries, 2002-06, (€bn)
    • Table 3: GDP per capita at current rates across major western European countries, 2002-06, (€)
    • Table 4: GDP growth rates across major western European countries, 2002-06, (%)
    • Table 5: GDP composition by sector across major western European countries, 2006, (%)
    • Table 6: Inflation across major European countries, 2002-06, (%)
    • Table 7: Unemployment rates across major western European countries, 2002-06, (%)
    • Table 8: The age of German dwelling stock, 2002
    • Table 9: Residential mortgage balances outstanding in Germany compared to GDP of selected European countries, 2006
    • Table 10: Market share of top five competitors in the German residential mortgage market in balances outstanding, 2005-06, (€m)
    • Table 11: Forecast of mortgage gross advances in Germany, 2006-11f, (€m)
    • Table 12: Number of dwellings in Germany, 2001-05, (000s)
    • Table 13: House price growth in Germany, 2003-06
    • Table 14: Residential mortgage balances outstanding in Germany, 2002-06, (€m)
    • Table 15: Residential mortgage gross advances in Germany, 2002-06, (€m)
    • Table 16: Net lending in Germany, 2002-06, (€m)
    • Table 17: Typical mortgage interest rates in Germany, Q3 2004-Q4 2006, (%)
  • List of Figures
    • Figure 1: Gross advances have been falling in Germany, 2002-06
    • Figure 2: Mortgage gross advances in Germany are predicted to rise steadily, 2006-11f
    • Figure 3: Sparkassen have the largest market share of the mortgage market in Germany, 2005-06
    • Figure 4: A snapshot of Germany' s key statistics, 2006
    • Figure 5: Germany' s housing stock stood at 39.6 million in 2005, 2001-05
    • Figure 6: Owner-occupation is relatively low in Germany, 2002
    • Figure 7: House price growth remains weak in Germany, 2003-06
    • Figure 8: Typical mortgage interest rates fell in Germany to 4.64% in Q4 2006
    • Figure 9: Residential mortgage balances outstanding in Germany have remained almost level in recent years, 2002-06
    • Figure 10: Net lending stood at €21.2 billion in 2006, 2002-06
    • Figure 11: Gross advances have been falling in Germany, 2002-06
    • Figure 12: The three pillars of German banking, 2007
    • Figure 13: Banking groups in the three pillars, 2007
    • Figure 14: The savings banks and mortgage banks dominate the residential mortgage market in Germany, 2002
    • Figure 15: The majority of residential mortgages in Germany are distributed via the banks branch networks, 2001
    • Figure 16: Regulatory overview of Germany, 2007
    • Figure 17: Range of services of the VDP, 2007
    • Figure 18: Sparkassen have the largest market share of the mortgage market in Germany, 2005-06
    • Figure 19: Mortgage gross advances in Germany are predicted to rise steadily, 2006-11f