Mortgages in Spain 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
      • Dwelling stock
      • House prices
  • Government housing intervention
    • The government is attempting to make more housing affordable for lower income groups
    • In addition, it is trying to boost the rental sector
  • Market data
    • Mortgage interest rates
    • Market size
      • Balances outstanding
      • Gross advances
      • Product lines
  • Market structure
    • Categories of banks
      • Private commercial banks
      • Cajas de Ahorros (savings banks)
      • Co-operativas de Crédito (co-operative banks)
    • Mortgage market structure
      • Market share by player type
      • Funding
      • Distribution
  • Regulatory environment
    • Industry regulators
      • Banco de España
    • Industry associations
      • Asociación Española de Banca (AEB)
      • Confederación Española de Cajas de Ahorros (CECA)
      • Unión Nacional de Cooperativas de Crédito (UNACC)
      • Asociación Nacional de Establecimientos Financieros de Crédito (ASNEF)
      • Asociación de Usuarios de Servicios Bancarios (AUSBANC)
    • Credit bureaus
      • Banco de España manages a public registry
      • Equifax operates a private sector credit bureau in Spain
      • Experian entered the market in 2000
    • 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
      • Spain was the last European country to adopt the Code of Conduct for Home Lending
      • Recent national legislation
      • The government is working on a sweeping Modernization Law for the mortgage market
  • Key issues
• Competitor and Product Overview
  • Top five mortgage lenders
    • Market share by balances outstanding
  • Product analysis
    • Typical product characteristics
• Market Forecasts
  • Forecasting gross advances
    • Datamonitor forecasts a considerable slowdown for the Spanish mortgage market
  • Future prospects
    • Market attractiveness
    • Market inhibitors
• APPENDIX
  • Supplementary data
    • Tables relating to Chapter 2: Market Context
  • Definitions
    • Balances outstanding
    • CAGR
    • Capped mortgage
    • 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: Forecast of residential mortgage gross advances in the Spanish market, 2005-11f, (€m)
    • Table 2: Total population across major western European countries, 2002-06
    • Table 3: GDP at current rates across major western European countries, 2002-06, (€ billions)
    • Table 4: GDP per capita at current rates across major western European countries, 2002-06, (€)
    • Table 5: GDP growth rates across major western European countries, 2002-06, (%)
    • Table 6: GDP composition by sector across major western European countries, 2006, (%)
    • Table 7: Inflation across major European countries, 2002-06, (%)
    • Table 8: Unemployment rates across major western European countries, 2002-06, (%)
    • Table 9: Dwellings in Spain by year of construction, 2001
    • Table 10: Residential mortgage balances outstanding in Spain compared to GDP of selected European countries, 2006
    • Table 11: Top five mortgage lenders in the Spanish residential market in terms of balances outstanding, 2005-06
    • Table 12: Forecast of residential mortgage gross advances in the Spanish market, 2005-11f, (€m)
    • Table 13: Total dwelling stock in Spain, 2001-05, (000s)
    • Table 14: House price growth in the Spanish residential mortgage market, 2002-06
    • Table 15: Typical mortgage interest rates in the Spanish residential market, Q3 2004-Q3 2006
    • Table 16: Mortgage balances outstanding in Spain, 2002-06, (€m)
    • Table 17: Net mortgage lending in Spain, 2002-06, (€m)
    • Table 18: Mortgage gross advances in Spain, 2002-06, (€m)
  • List of Figures
    • Figure 1: Mortgage gross advances in the Spanish market have grown strongly, 2002-06
    • Figure 2: Santander is the leading mortgage lender in Spain, 2005-06
    • Figure 3: A snapshot of Spain' s key statistics, 2006
    • Figure 4: Spanish housing stock grew strongly, 2001-05
    • Figure 5: Owner occupation is high in Spain, 2004
    • Figure 6: Average house price growth in Spain has slowed in recent years, 2002-06
    • Figure 7: Typical mortgage interest rates in Spain stood at 4.7% in Q4 2006
    • Figure 8: Mortgage balances outstanding in Spain saw strong growth from 2002-06
    • Figure 9: Net lending in Spain saw strong growth from 2002-06
    • Figure 10: Mortgage lending gross advances in Spain witnessed strong growth from 2002-06
    • Figure 11: The three pillars of Spanish banking, 2007
    • Figure 12: Examples of banks in each of the three pillars of Spanish banking, 2007
    • Figure 13: Regulatory overview of the Spanish banking sector, 2007
    • Figure 14: Santander is the leading mortgage lender in Spain, 2005-06
    • Figure 15: Datamonitor forecasts that the Spanish mortgage market will grow at a much slower pace over the next five years than witnessed previously, 2005-11f