IntroductionThe Italian 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 Italian population is ageing.
The typical Italian homebuyer is in the 35-54 age range, whereas renters are more commonly younger and cannot afford homeownership.
This ageing population is influencing a shift towards owner-occupation over renting.House prices in Italy have been increasing markedly over recent years following a long period of recession in the 1990s when house prices fell amid economic gloom.
Between 2000 and 2004, house prices rose by between six and 11 per cent each year.Specialist mortgage lenders have had notable success lending via the intermediary channel in Italy.
While most have a limited branch presence, the vast proportion of their business is conducted via intermediaries and partners.Reasons to PurchaseLearn how the Italian 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 Italian residential mortgage market over the next five years and its future prospects