Abstract
Overview
Introduction
Spanish house prices have risen sharply every quarter for more than 10 years,
making the Spanish housing market one of the most impressive performers in the
EU. What are the current issues facing the Spanish mortgage 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
Strong competition coupled with the relatively high rate of inflation in Spain
has meant that real interest rates on loans have been extremely low for a
number of years, helping to stimulate mortgage demand and house price growth.
However, since the fourth quarter of 2005, typical mortgage rates have been
increasing steadily.
Outperforming most of Europe' s surging mortgage markets in recent years,
mortgage lending in Spain has expanded rapidly to reach €569.3 billion in
2006. Indeed, mortgage lending balances have grown by a compounded average
rate of 21.4% per year since 2002, according to the EMF.
By the end of 2006, outstanding covered bonds backed by mortgages amounted to
€214.8 billion whereas new issues amounted to €69.9 billion in 2006.
Reasons to Purchase
- Learn how the Spanish 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 Spanish
mortgage market over the next five years and its future prospects.
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