Abstract
Overview
Introduction
Gross advances in the Belgian mortgage market fell by 8.4% in 2006, partly due
to increases in borrowing costs. 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 four players in terms of
balances outstanding.
- Looks at housing policies, regulations and issues in the mortgage market.
Report Highlights
Gross advances fell by 8.4% in 2006, from €35.5 billion in 2005 to €32.5
billion. Despite this, overall new mortgage lending growth was strong during
2002-06, at a CAGR of 19.1%.
The majority of mortgages are under fixed interest rates in Belgium, whether
short- or long-term. Short-term fixed rates (one to five years) have gained in
popularity over the last couple of years. According to the UPC, 74.8% of its
members' gross advances were accounted for by fixed rate mortgages in 2006.
House price growth reached an impressive peak of 17.4% in 2005. This growth
has been particularly strong in urban areas with, for example, house prices in
Brussels increasing in excess of 30% annually since 2004.
Reasons to Purchase
- Learn how the Belgian residential 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 the Belgian
mortgage market over the next five years and its future prospects.
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