IntroductionThe Benelux residential mortgage market has grown significantly over the last few years driven by strong house price growth due to tight supply of new builds.
What are the current issues facing the Benelux mortgage 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 market in the Netherlands, Belgium and LuxembourgProvides market sizing data for each of the three countries in terms of gross advances and balances outstandingProvides market shares for the top five mortgage lenders in the Benelux region.
A short profile of top players is also providedLooks at housing policies and issues in the marketHighlightsRecent house price growth has been relatively subdued for the Netherlands.
A dip in real house price inflation in 2003 in the Netherlands led a number of commentators to fear that a crash was around the corner, particularly considering the poor state of the Dutch economy; however, house prices picked up once more in 2004.In Belgium, a shortage of land supply, which had led to a huge rise in prices of plots, has been blamed for the limited supply of new builds.
Similarly, a lack of construction land has been blamed for the limited number of new builds in Luxembourg, as local planning rules restrict supply of building land.Unsurprisingly, the high level of mortgage debt held by Dutch households has raised concerns among the industry.
This has led to the Dutch mortgage code of conduct being reviewed.
Indeed, in February 2006, the Dutch Finance Ministry announced that Dutch banks have accepted limiting advances of risky loans.Reasons to PurchaseLearn how the Benelux 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 Benelux residential mortgage market over the next five years and its future prospects