スウェーデンの住宅ローン市場（市場ガイド）

Abstract

Overview

Introduction

Gross mortgage lending in 2006 fell by 5.7% over 2005 levels, adversely affected by an increase in mortgage rates in 2006. 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 five players in terms of balances outstanding.
• Looks at housing policies, regulations and issues in the mortgage market.

Report Highlights

House prices in Sweden have grown significantly in the last five years. Annual house price growth has increased on a year-on-year basis for 2002-06, rising from 6.3% in 2002 to 10.6% in 2006.

Typical mortgage interest rates in Sweden have increased steadily since Q4 2005 due to various increases in the central bank lending rate. In Q4 2006, typical mortgage rates stood at 3.63%, an increase of 1.3 percentage points over Q3 2005.

The majority of mortgages in Sweden are provided by the HCIs but some commercial banks with no specialized mortgage institution also play a role in this sector.

Reasons to Purchase

• Learn how the Swedish 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 Swedish mortgage market over the next five years and its future prospects.

Table of Contents

• Overview
  • Catalyst
  • Summary
• Executive Summary
  • Market size
  • Forecasts
  • Key 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
      • Housing stock
      • House prices
  • Government housing intervention
    • Taxes, subsidies and housing schemes
  • Market data
    • Mortgage interest rates
      • Balances outstanding
      • Gross advances
    • Product lines
  • Market structure
    • Structure of the Swedish retail banking market
      • Commercial banks
      • Foreign banks
      • Savings banks
      • Co-operative banks
      • Mortgage banks
    • Mortgage market structure
      • Market share of player types
      • Funding
      • Distribution
  • Regulatory environment
    • Industry regulators
      • The Riksbank (Bank of Sweden)
      • Finansinspektionen
    • Industry associations
      • Svenska Bankföreningen
      • Statens bostadskreditnämnd (BKN)
      • Other noteworthy associations
    • Credit bureaus
    • 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
      • National mortgage-related regulations
  • Key issues
• Competitor and Product Overview
  • Top five mortgage lenders
    • Market share by balances outstanding
  • Product analysis
• Market Forecasts
  • Forecasting gross advances
    • Datamonitor forecasts continuous growth for the Swedish mortgage market
  • Future prospects
    • Market attractiveness
    • Market inhibitors
• Appendix
  • Supplementary data
    • Tables relating to Chapter 2: Market Context
  • Definitions
    • Balances outstanding
    • CAGR
    • Fixed rate mortgage
    • Flexible mortgage
    • Gross advances
    • Loan-to-value (LTV)
    • Mortgage intermediary
    • Remortgaging
    • Tied agent
    • Unemployment rate
    • 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 theSwedish market , 2005-11f, (€m)
    • Table 2: Total population across major western European countries, 2002-06
    • Table 3: GDP at current rates across major western Europeancountries, 2002-06, (€ billions)
    • Table 4: GDP per capita at current rates across major westernEuropean 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 of Sweden' s dwelling stock, 2002
    • Table 10: Residential mortgage balances outstanding as a percentage of GDP of selected European countries, 2006
    • Table 11: Market share of top five competitors in Sweden interms of balances outstanding, 2005-06, (€m)
    • Table 12: Forecast of residential mortgage gross advances in theSwedish market , 2005-11f, (€m)
    • Table 13: Total housing stock in Sweden, 2001-05, (000s)
    • Table 14: Average house price growth in Sweden, 2002-06
    • Table 15: Typical mortgage interest rates in the Swedish residential market and central bank lending rates, Q3 2004-Q4 2006
    • Table 16: Residential mortgage balances outstanding in Sweden,2002-06, (€m)
    • Table 17: Residential net mortgage lending in Sweden, 2002-06, (€m)
    • Table 18: Residential mortgage gross advances in Sweden,2002-06, (€m)
  • List of Figures
    • Figure 1: After rising significantly in recent years, gross mortgage advances in Sweden fell in 2006, 2002-06
    • Figure 2: Swedbank was the largest mortgage lender in Sweden in 2006, 2005-06
    • Figure 4: A snapshot of Sweden' s key statistics, 2006
    • Figure 4: The dwelling stock in Sweden reached 4.4 million in 2005, 2001-05
    • Figure 5: Sweden has a low owner-occupier rate at 42%, 2006
    • Figure 6: Average house price growth in the Swedish market was 10.6% in 2006, 2002-06
    • Figure 7: Typical mortgage interest rates stood at 3.63% in the fourth quarter of 2006, Q3 2005-Q4 2006
    • Figure 8: Total mortgage balances outstanding reached €175.8billion at year-end 2006, 2002-06
    • Figure 9: Net mortgage lending rose from €8.2 billion to €19.9billion from 2002-06
    • Figure 10: After rising significantly in recent years, gross mortgage advances in Sweden fell in 2006, 2002-06
    • Figure 11: The four pillars of Swedish Banking, 2007
    • Figure 12: HCIs are the major type of mortgage player in the Swedish market, representing 87.4% of balances outstanding at the end of 2006
    • Figure 13: Regulatory overview of Sweden, 2007
    • Figure 14: Swedbank was the largest mortgage lender in Sweden in 2006
    • Figure 15: Gross mortgage lending in Sweden is expected to pick up again in 2007 after a small dip in 2006