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Mortgages in Hungary 2007 (Market Guide)

  • Publication Date:February 2008
  • Publisher:Datamonitor
  • Product Type: Report
  • Pages:43

Mortgages in Hungary 2007 (Market Guide)

Introduction

Gross advances in the Hungarian mortgage market grew at a rate of 34.8% from 2005 to 2006. A number of drivers are behind this significant growth such as the existence of state subsidies on mortgages loans. What are the current issues facing this market? 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.

Highlights

According to the most recent data, Hungary has one of the highest owner-occupation rates in the world at 92.2% in 2003. Hungarians have a long tradition of being owner-occupiers. Moreover, a change in housing ownership status of many dwellings from state ownership to owner-occupation has meant that this rate has been pushed further upward.

There is no clear trend in the movements of typical mortgage interest rates in Hungary since they have not followed the movements of the central bank base rate. For instance, the latter stayed stable during Q4 2005-Q1 2006 whereas typical mortgage interest rates increased in Q4 2005 and fell in Q1 2006.

While Hungary's mortgage balances as a percentage of GDP has increased significantly over the years from 4.5% in 2002 to 10.8% in 2006, the percentage point increase on a year-on-year basis has fallen steadily.

Reasons to Purchase

  • Learn how the Hungarian 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 Hungarian mortgage market over the next five years and its future prospects.
  • 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
    • Demographic and Economic Data of Selected European Countries
    • Demographic Data
    • Economic Data
    • Housing Market
    • Dwelling Stock
    • House Prices
    • Government Housing Intervention
    • Taxes, Subsidies and Housing Schemes
    • Market Data
    • Mortgage Interest Rates
    • Market Size
    • Balances Outstanding
    • Net Mortgage Lending
    • Gross Advances
    • Product Lines
    • Market Structure
    • Categories of Bank
    • Commercial Banks
    • Savings and Credit Cooperatives
    • Mortgage Market Structure
    • Market Share by Player Type
    • Funding
    • Distribution
    • Regulatory Environment
    • Current Supervisory Environment
    • Industry Regulators
    • The National Bank of Hungary
    • Hungarian Financial Supervisory Authority
    • Industry Associations
    • Hungarian Banking Association
    • Association of Hungarian Mortgage Banks
    • 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
    • Recent National Mortgage-Related Legislation
    • Key Issues in The Mortgage Market
    • Competitor and Product Overview
    • Top Four Mortgage Lenders
    • Market Share by Balances Outstanding
    • Product Analysis
    • Typical Product Characteristics
    • Market Forecasts
    • Forecasting Gross Advances
    • Gross Advances in The Hungarian Residential Mortgage Market Will Reach &Euro;7.4 Billion in 2011
    • Future Prospects
    • Market Attractiveness
    • Market Inhibitors
  • Appendix
    • Supplementary Data
    • Definitions
    • Balances Outstanding
    • Cagr
    • Fixed Rate Mortgage
    • Gross Advances
    • Loan-to-Value (Ltv)
    • Mortgage Intermediary
    • Remortgaging / Refinancing
    • 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 Hungarian Market , 2005-11f, (&Euro;M)
    • Table 2: Total Population across European Countries, 2002-06
    • Table 3: Gdp at Current Rates across European Countries, 2002-06, (&Euro;Bn)
    • Table 4: Gdp per Capita at Current Rates across European Countries, 2002-06, (&Euro;)
    • Table 5: Gdp Growth Rates across European Countries, 2002-06, (%)
    • Table 6: Gdp Composition by Sector across European Countries, 2006, (%)
    • Table 7: Inflation across European Countries, 2002-06, (%)
    • Table 8: Unemployment Rates across European Countries, 2002-06, (%)
    • Table 9: Age of Hungary's Dwelling Stock, 2002, (%)
    • Table 10: Residential Mortgage Balances Outstanding Compared to Gdp of Selected European Countries, 2006
    • Table 11: Market Share by Competitor in The Hungarian Residential Mortgage Market, 2005-06
    • Table 12: Forecast of Residential Mortgage Gross Advances in The Hungarian Market , 2005-11f, (&Euro;M)
    • Table 13: Total Dwelling Stock in Hungary, 2001-05, (000s)
    • Table 14: Mortgage Balances Outstanding in The Hungarian Mortgage Market, 2002-06, (&Euro;M)
    • Table 15: Net Mortgage Lending in The Hungarian Mortgage Market, 2002-06, (&Euro;M)
    • Table 16: Mortgage Gross Advances in The Hungarian Mortgage Market, 2005-06, (&Euro;M)
  • List of Figures
    • Figure 1: Mortgage Gross Advances in Hungary Grew by 34.8% between 2005 and 2006
    • Figure 2: Otp Bank Has The Largest Market Share of The Mortgage Market in Hungary, 2005-06
    • Figure 3: A Snapshot of Key Statistics in Hungary, 2006
    • Figure 4: Hungary's Dwelling Stock Has Been Growing at A Slow but Steady Rate , 2001-05
    • Figure 5: Hungary Has An Owner-Occupation Rate of 92.2%, 2003
    • Figure 6: There Is No Clear Trend in Movements of Typical Mortgage Interest Rates in Hungary, Q1 2005-Q4 2006
    • Figure 7: Mortgage Balances Outstanding Have Been Growing Steadily in Hungary, 2002-06
    • Figure 8: Net Lending Has Been Falling Steadily in Hungary, 2002-06
    • Figure 9: Mortgage Gross Advances in Hungary Grew by 34.8% between 2005 and 2006
    • Figure 10: Commercial Banks Held 57.1% of Mortgage Balances Outstanding at The End of November 2007
    • Figure 11: Otp Bank Has The Largest Market Share of The Mortgage Market in Hungary, 2005-06
    • Figure 12: Gross Advances in The Hungarian Mortgage Market Is Expected to Reach &Euro;7.4 Billion in 2011, 2005-11f
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