Abstract
Overview
Introduction
Fueled by factors such as rising house prices, strong consumer demand and
lower cost of borrowing, gross advances in the Irish mortgage market reached
€25.5 billion in 2006. 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 five players in terms of
balances outstanding.
- Looks at housing policies, regulations and issues in the mortgage market.
Report Highlights
According to the most recent data, the proportion of owner-occupiers in the
Irish property market amounted to 74.5% in 2006, while 20.3% were in private
or public renting.
While the pace of growth seemed to be decelerating after 2003, average house
price growth has stayed in the double digit. Consequently, the risk of a sharp
correction in house prices in the future is still present.
Driven by strong growth in house prices and consumer demand, mortgage balances
outstanding in the Irish residential market rose from€43.4 billion at
year-end 2002 to€110.6 billion at year-end 2006.
Reasons to Purchase
- Learn how the Irish 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 Irish
mortgage market over the next five years and its future prospects.
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