Mortgages in Turkey 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 intervention
    • General housing policy
    • TOKI and SPO
  • Market data
    • Mortgage interest rates
    • Market size
      • Balances outstanding
      • Gross advances
      • Product lines
  • Market structure
    • Categories of financial institutions
      • Commercial banks
      • Islamic Finance Houses
    • Mortgage market structure
      • Market structure overview
      • Funding
      • Distribution
  • Regulatory environment
    • Industry regulators
      • Türkiye Cumhuriyet Merkez Bankası
      • Bankacilik Düzenleme ve Denetleme Kurumu (BDDK)
    • Industry associations
      • Türkiye Bankalar Birliği (TBB)
    • Other noteworthy organizations
      • Tukder
    • Credit bureaus
      • Kredi Kayit Bürosu (KKB)
    • Repossessions and rules of law
    • Regulatory issues and developments in the banking sector
      • New laws have been introduced affecting the legal framework and supervision of the banking system
      • The Banking Sector Restructuring Program
      • Turkish politicians have welcomed the benefits of Basel II
    • Regulatory issues and developments in the mortgage market
      • The Mortgage Law was approved by the Turkish parliament in February 2007
      • The Mortgage Law is expected to bring a number of effects
  • 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 predicts that mortgage gross lending in Turkey will fall in 2007 before picking up in 2008
  • Future prospects
    • Market attractiveness
    • Market inhibitors
• APPENDIX
  • Supplementary data
    • Tables relating to Chapter 2: Market context
  • Definitions
    • Balances outstanding
    • CAGR
    • Fixed rate mortgage
    • Gross advances
    • Loan-to-value (LTV)
    • Mortgage intermediary
    • Remortgaging/refinancing
    • Variable mortgage
  • Forecasting methodology
  • Research methodology
  • Further reading
    • European mortgages
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: Forecast of mortgage gross advances in Turkey, 2005-11f, (TRY million)
    • Table 2: Total population across major western European countries, 2002-06
    • Table 3: GDP at current rates across major western European countries, 2002-06, (€ billion)
    • 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: Residential mortgage balances outstanding compared to GDP of selected European countries, 2006
    • Table 10: Market share of top five competitors in the Turkish residential mortgage market in terms of balances outstanding, 2005-06, (€m)
    • Table 11: Forecast of mortgage gross advances in Turkey, 2005-11f, (TRY million)
    • Table 12: Residential mortgage gross advances and balances outstanding in Turkey, 2002-06
    • Table 13: Net residential mortgage lending in Turkey, 2003-06, (TRY million)
  • List of Figures
    • Figure 1: Mortgage gross advances have been growing rapidly in Turkey, 2002-06
    • Figure 2: Akbank remains the largest provider of residential mortgage loans in Turkey in terms of balances outstanding, 2005-06
    • Figure 3: A snapshot of Turkey' s key statistics, 2006
    • Figure 4: 68.3% of Turkish households were owner-occupied in 2000
    • Figure 5: Mortgage balances outstanding reached TRY22.1 billion in 2006
    • Figure 6: Net lending in Turkey fell by 2% in 2006
    • Figure 7: Mortgage gross advances have been growing rapidly in Turkey, 2002-06
    • Figure 8: The three pillars of Turkish commercial banking, 2007
    • Figure 9: Regulatory overview of Turkey, 2007
    • Figure 10: Akbank remains the largest provider of residential mortgage loans in Turkey in terms of balances outstanding, 2005-06
    • Figure 11: After falling in 2007, mortgage gross lending will pick up in 2008 to reach TRY33.2 billion in 2011 in Turkey