フィンランドの住宅ローン市場（市場ガイド）

Abstract

Overview

Introduction

Mortgage gross advances have grown significantly in Finland over the past five years. In 2006 gross mortgage lending reached €31.0 billion. 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

Despite typical mortgage rates increasing in the past year, average annual house price growth remained strong in Finland reaching 7.5% in 2006.

Although securitization has been in practice for some years, it has not been until the last couple of years that this method of funding has started to gain in popularity.

Housing policy in Finland still remains largely focused on providing housing with decent standards for all the population, hence the importance of the state in national housing development.

Reasons to Purchase

• Learn how the Finnish 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 Finnish 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
    • Market size
      • Balances outstanding
      • Gross advances
    • Product lines
  • Market structure
    • The banking structure
      • Commercial banks (joint stock banks)
      • Foreign banks
      • Savings banks
      • Co-operative banks
    • Mortgage market structure
      • Major types of player
      • Funding
      • Distribution
  • Regulatory environment
    • Industry regulators
      • Suomen Pankki
      • Rahoitustarkastus
    • Industry associations
      • Suomen Pankkihdyistys
      • Housing Fund of Finland (ARA)
      • Suomen Kuluttajallitto
    • Credit bureaus
    • 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 a slowdown for the Finnish mortgage market
  • Future prospects
    • Market attractiveness
    • Market inhibitors
• APPENDIX
  • Tables relating to Chapter 2: Market Context
  • Definitions
    • Balances outstanding
    • CAGR
    • Fixed rate mortgage
    • Gross advances
    • Loan-to-value (LTV)
    • Mortgage intermediary
    • Remortgaging
    • 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 Finnish 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: Residential mortgage balances outstanding as a percentage of GDP of selected European countries, 2006
    • Table 10: Market share of top five competitors in Finland in terms of balances outstanding, 2005-06, (€m)
    • Table 11: Forecast of residential mortgage gross advances in the Finnish market , 2005-11f
    • Table 12: Total dwelling stock in Finland, 2002-06, (000s)
    • Table 13: Average house price growth in Finland, 2002-06
    • Table 14: Typical mortgage interest rates in the Finnish residential market and the ECB base rate, Q3 2004-Q4 2006, (%)
    • Table 15: Residential mortgage balances outstanding in Finland, 2002-06, (€m)
    • Table 16: Residential mortgage gross advances in Finland, 2002-06, (€m)
    • Table 17: Residential mortgage net lending in Finland, 2002-06, (€m)
  • List of Figures
    • Figure 1: Mortgage gross advances have been growing rapidly in Finland, 2002-06
    • Figure 2: OP Bank has the largest market share of the residential mortgage market in Finland, 2005-06
    • Figure 3: A snapshot of Finland' s key statistics, 2006
    • Figure 4: The dwelling stock in Finland reached 2.7 million in 2006
    • Figure 5: Around 58% of dwellings were owner-occupied in Finland in 2006
    • Figure 6: Average annual house price growth in Finland stood at 7.5% in 2006, 2002-06
    • Figure 7: Typical mortgage rates have been increasing in Finland, Q3 2004-Q4 2006
    • Figure 8: Total mortgage balances outstanding reached €54.9 billion at year-end 2006, 2002-06
    • Figure 9: Net lending fell to €6.8 billion in 2006, 2002-06
    • Figure 10: Mortgage gross advances have been growing rapidly in Finland, 2002-06
    • Figure 11: The four pillars of Finnish Banking, 2007
    • Figure 12: Regulatory overview of Finland, 2007
    • Figure 13: OP Bank has the largest market share of the residential mortgage market in Finland, 2005-06
    • Figure 14: The Finnish mortgage market is forecasted to reach €55.8 billion in 2007, 2005-11f