IntroductionThe Portuguese residential mortgage market has grown moderately over the last few years due to slow house price growth.
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 marketHighlightsWhile mortgage balances have grown steadily in recent years, gross advances have seen a mixed performance as a result of the Portuguese recession.
Yet gross advances look to be back on track and are growing again.Portugal has a very high level of owner occupation compared to other European countries.
However, there is also a high level of slowly dilapidating vacant dwellings, largely as a result of migration from rural to urban areas.The mortgage market is highly concentrated in Portugal, with the top five banks accounting for over three-quarters of mortgage balances in 2004.Reasons to PurchaseLearn how the Portuguese 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 Portuguese residential mortgage market over the next 5 years and its future prospects