IntroductionThe French residential mortgage market has grown significantly over the last few years driven by strong house price growth and falling interest rates.
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.ScopeCovers the residential mortgage marketProvides market sizing data in terms of gross advances and balances outstandingProvides competitor market share for the top five players in terms of balances outstanding; a short profile of the top players is also providedLooks at housing policies and issues in the marketHighlightsThe average rate of owner occupation in the EU 15 zone is estimated to be around 64 per cent.
Among these countries, Spain, Greece, Italy, Ireland and Portugal have the highest owner occupation rate.
Germany, Denmark, Netherlands and France are at the lowest end.France has been experiencing strong increases in house prices over the last few years, reaching a peak of 15.5 per cent in 2004.
Indeed, fueled by falling interest rates, demographic pressures and housing demand outstripping supply, the French property market witnessed an explosion in house prices.The French equity withdrawal product is a modified version of the one currently in place in the UK mortgage market.
The 'crédit hypothécaire rechargeable' will allow the mortgage holder to draw back on the amount of money they have repaid on their mortgage without taking into consideration the equity held in the property.Reasons to PurchaseLearn how the French residential mortgage market has developed over the last five yearsUnderstand the recent developments in the market in terms of regulation, competition and product innovationsFind out Datamonitor's opinion on the future performance of the French residential mortgage market over the next five years and its future prospects