ベルギーの住宅ローン市場（市場ガイド）

Abstract

Overview

Introduction

Gross advances in the Belgian mortgage market fell by 8.4% in 2006, partly due to increases in borrowing costs. 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.

Scope

• Covers the residential mortgage market.
• Provides market sizing data in terms of gross advances and balances outstanding.
• Provides competitor market share for the top four players in terms of balances outstanding.
• Looks at housing policies, regulations and issues in the mortgage market.

Report Highlights

Gross advances fell by 8.4% in 2006, from €35.5 billion in 2005 to €32.5 billion. Despite this, overall new mortgage lending growth was strong during 2002-06, at a CAGR of 19.1%.

The majority of mortgages are under fixed interest rates in Belgium, whether short- or long-term. Short-term fixed rates (one to five years) have gained in popularity over the last couple of years. According to the UPC, 74.8% of its members' gross advances were accounted for by fixed rate mortgages in 2006.

House price growth reached an impressive peak of 17.4% in 2005. This growth has been particularly strong in urban areas with, for example, house prices in Brussels increasing in excess of 30% annually since 2004.

Reasons to Purchase

• Learn how the Belgian residential mortgage market has developed over the last five years.
• Understand the recent developments in the mortgage market in terms of regulations and competitor shares.
• Find out Datamonitor' s opinion on the future performance of the Belgian mortgage market over the next five years and its future prospects.

Table of Contents

• Overview
  • Catalyst
  • Summary
• Executive Summary
  • Market size
  • Market forecasts
  • Key market issues
  • Key market players
• Table of Contents
• Table of figures
• Table of tables
• Market Context
  • Country overview
    • Demographics data on a selection of major western European countries
      • Population
      • Economy
    • Housing market
      • Dwelling stock
      • House prices
  • Government housing intervention
    • Taxes, subsidies and housing schemes
  • Market data
    • Mortgage interest rates
    • Market size
      • Balances outstanding
      • Gross advances
      • Product lines
  • Market structure
    • Structure of the Belgian retail banking sector
    • Mortgage market structure
      • Funding
      • Distribution
  • Regulatory environment
    • Industry regulators
      • The NBB
      • The CBFA
    • Industry associations in Belgium
      • The BBA
      • Test-Achats
      • The UPC
    • Repossession and rules of law
    • Regulatory issues and developments in the mortgage market
      • The birth of an integrated European mortgage market is still very far off
      • Basel II will mean a number of changes for lenders
  • Key issues in the mortgage market
• Competitor and Product Overview
  • Top four mortgage lenders
    • Market share by balances outstanding
  • Product analysis
    • There are two forms of property financing in Belgium
    • Typical product characteristics
• Market Forecasts
  • Forecasting gross advances
    • Gross advances in the Belgian residential mortgage market will grow at a CAGR of 6.6%
  • Future prospects
    • Market attractiveness
    • Market inhibitors
• Appendix
  • Supplementary data
    • Data tables relating to Chapter 2: Market Context
  • Definitions
    • AAGR
    • Balances outstanding
    • CAGR
    • Capped mortgage
    • Equity release
    • EU 15
    • Fixed rate mortgage
    • Flexible mortgage
    • Gross advances
    • Loan-to-value (LTV)
    • Mortgage intermediary
    • Remortgaging
    • Self-certification mortgage
    • Variable mortgage
  • Forecasting methodology
  • Research methodology
  • Further reading
    • European mortgages
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: Forecast of residential mortgage gross advances in the Belgian market , 2005-11f, (€m)
    • Table 2: Total population across major western European countries, 2002-06
    • Table 3: GDP at current rates across major western European countries, 2002-06, (€bn)
    • Table 4: GDP per capita at current rates across major western European countries, 2002-06, (€)
    • Table 5: GDP growth rates across major western European countries, 2002-06, (%)
    • Table 6: GDP composition by sector across major western European countries, 2006, (%)
    • Table 7: Inflation across major European countries, 2002-06, (%)
    • Table 8: Unemployment rates across major western European countries, 2002-06, (%)
    • Table 9: Age distribution of dwelling stock in Belgium, 2004
    • Table 10: Residential mortgage balances outstanding compared to GDP of selected European countries, 2006
    • Table 11: Top four mortgage lenders in the Benelux region by balances outstanding, 2005-06
    • Table 12: Forecast of residential mortgage gross advances in the Belgium market , 2005-11f, (€m)
    • Table 13: Total dwelling stock in Belgium, 1999-03, (000s)
    • Table 14: Typical mortgage rates in Belgium, Q3 2004 - Q4 2006, (%)
    • Table 15: Mortgage balances outstanding in Belgium, 2002-06, (€m)
    • Table 16: Mortgage net lending in Belgium, 2002-06, (€m)
    • Table 17: Residential mortgage gross advances in Belgium, 2002-06, (€m)
  • List of Figures
    • Figure 1: Gross advances in the Belgian mortgage market reached €32.5 billion in 2006, 2002-06
    • Figure 2: Fortis is the largest mortgage lender in Belgium, 2005-06
    • Figure 3: A snapshot of Belgium' s key statistics, 2006
    • Figure 4: Dwelling stock in Belgium has remained static since 2001 at 4.2 million, 1999-03
    • Figure 5: The majority of dwellings in Belgium are owner-occupied, 2001
    • Figure 6: Annual house price growth in Belgium has been in the double digits, Q3 2004-Q4 2005
    • Figure 7: Typical mortgage rates stood at 4.38% in the fourth quarter of 2006, Q3 2004-Q4 2006
    • Figure 8: Total mortgage balances outstanding in Belgium reached €109.5 billion in 2006
    • Figure 9: Net mortgage lending in Belgium stood at €11.6 billion in 2006, 2002-06
    • Figure 10: Gross advances in Belgium reached €32.5 billion in 2006, 2002-06
    • Figure 11: Refinancing in the Belgian mortgage market had grown in importance, 2002-06
    • Figure 12: Banks advanced 91.3% of balances outstanding in the Belgian mortgage market as at September 2006
    • Figure 13: Regulatory structure of the Belgian banking market, 2007
    • Figure 14: Fortis is the largest mortgage lender in Belgium, 2005-06
    • Figure 15: Growth in the Belgium market will remain solid but not buoyant, 2005-11f