IntroductionThe German residential mortgage market has grown slowly over the last few years due to poor economic performance and property prices rising slowly.
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 marketHighlightsUnemployment in Germany has been rising and by the end of 2004 the number of unemployed was 4.46 million having risen annually from 3.81 million in 2000.
The unemployment rate had risen to 10.2 per cent in 2004 from 8.9 per cent in 2000.The Bauspar system is popular in Germany.
This system results in consumers taking longer to save up a deposit to purchase their first home.
German consumers therefore typically enter homeownership later in their lives than consumers elsewhere in Europe.There was a massive building boom in the 1990s.
The boom was initiated by reunification and the policies that followed as a reaction to the housing shortages of the time.
However, it has transpired that the scale of the government primed house building programme was out of all proportion to long-term housing demand.Reasons to PurchaseLearn how the German 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 German residential mortgage market over the next five years and its future prospects