Mortgages in Ireland 2007 (Market Guide)

Publication Date	October 2007
Publisher	Datamonitor
Product Type	Report
Pages	47
ISBN Number	not applicable
Product Code	DAT08400

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Summary

Introduction

Fueled by factors such as rising house prices, strong consumer demand and lower cost of borrowing, gross advances in the Irish mortgage market reached EUR25.5 billion 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.

Highlights

According to the most recent data, the proportion of owner-occupiers in the Irish property market amounted to 74.5% in 2006, while 20.3% were in private or public renting.

While the pace of growth seemed to be decelerating after 2003, average house price growth has stayed in the double digit. Consequently, the risk of a sharp correction in house prices in the future is still present.

Driven by strong growth in house prices and consumer demand, mortgage balances outstanding in the Irish residential market rose from EUR43.4 billion at year-end 2002 to EUR110.6 billion at year-end 2006.

Reasons to Purchase

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

Content

- Overview
- Catalyst
- Summary
- Executive Summary
- Market Size
- Market 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
- Dwelling Stock
- House Prices
- Government Housing Intervention
- Taxes, Subsidies And Housing Schemes
- The Planning And Development Act (2000)
- Tax Changes Affect Irish Homebuyers
- Recent Regulation Changes May Further Affect The Housing Market
- Market Data
- Mortgage Interest Rates
- Market Size
- Balances Outstanding
- Gross Advances
- Product Lines
- Market Structure
- Structure Of The Irish Banking Sector
- Mortgage Market Structure
- Mortgage Market Share By Type Of Player
- Funding
- Distribution
- Regulatory Environment
- Industry Regulators
- Central Bank And Financial Services Authority Of Ireland (Cbfsai)
- Industry Associations
- Irish Bankers' Federation (Ibf)
- Irish Mortgage Council (Imc)
- Irish Finance Houses Association (Ifha)
- Other Noteworthy Organizations
- Irish Bank Officials Association (Iboa)
- 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 On The Horizon
- 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 Five Mortgage Lenders
- Market Share By Balances Outstanding
- Product Analysis
- Typical Product Characteristics
- Market Forecasts
- Forecasting Gross Advances
- Gross Advances In The Irish Residential Mortgage Market Will Reach &Euro;39.7 Billion In 2011
- Future Prospects
- Market Attractiveness
- Market Inhibitors
Appendix
- Supplementary 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
- Variable Mortgage
- Forecasting Methodology
- Research Methodology
- Further Reading
- European Mortgages
- Ask The Analyst
- Datamonitor Consulting
- Disclaimer
List Of Tables
- Table 1: Forecast Of Mortgage Gross Advances In Ireland, 2005-11f, (&Euro;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, (&Euro;Bn)
- Table 4: Gdp Per Capita At Current Rates Across Major Western European Countries, 2002-06, (&Euro;)
- 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 Ireland's Dwelling Stock, 2002
- Table 10: Residential Mortgage Balances Outstanding Compared To Gdp Of Selected European Countries, 2006
- Table 11: Market Share Of Gross Residential Mortgage Advances In Ireland By Type Of Institution, 2000-04, (%)
- Table 12: Market Share By Competitor In The Irish Residential Mortgage Market, 2005-06
- Table 13: Proportion Of Mortgage Loans Advanced In The Irish Market Split By Variable And Fixed Rates, 2002-06, (%)
- Table 14: Forecast Of Residential Mortgage Gross Advances In Ireland, 2005-11f, (&Euro;M)
- Table 15: Total Dwelling Stock In Ireland, 2002-06
- Table 16: Average House Price Growth In Ireland Split By New And Second-Hand Houses, 2002-06
- Table 17: Typical Mortgage Interest Rates In The Irish Residential Market And Ecb Base Rates, Q3 2004-Q4 2006, (%)
- Table 18: Mortgage Balances Outstanding In The Irish Mortgage Market, 2002-06, (&Euro;M)
- Table 19: Net Mortgage Lending In The Irish Residential Market, 2002-06, (&Euro;M)
- Table 20: Mortgage Gross Advances, Number Of Mortgage Loans And Average Mortgage Loan Amount In The Irish Residential Market, 2002-06
List Of Figures
- Figure 1: Mortgage Gross Advances In The Irish Residential Market Reached &Euro;25.5 Billion In 2006, 2002-06
- Figure 2: Permanent Tsb Remained The Leader In The Irish Mortgage Market In 2006, 2005-06
- Figure 3: A Snapshot Of Ireland's Key Statistics, 2006
- Figure 4: Dwelling Stock In The Irish Residential Mortgage Market Has Been Growing Steadily, 2002-06
- Figure 5: Ireland Has A High Owner-Occupation Rate, 2006
- Figure 6: The Irish Property Market Continued To Witness Strong Growth In House Prices, 2002-06
- Figure 7: Typical Mortgage Rates In Ireland Rose By 0.95 Percentage Points From Q2 2005 To Q3 2006, Q3 2004-Q4 2006
- Figure 8: Mortgage Balances Outstanding In The Irish Market Reached &Euro;110.6 Billion In 2006, 2002-06
- Figure 9: Net Mortgage Lending In Ireland Stood At &Euro;16.3 Billion In 2006, 2002-06
- Figure 10: Mortgage Gross Advances In The Irish Residential Market Reached &Euro;25.5 Billion In 2006, 2002-06
- Figure 11: There Are Two Types Of Financial Institutions In The Irish Banking Industry, 2007
- Figure 12: Regulatory Overview Of Ireland, 2007
- Figure 13: Permanent Tsb Remained The Leader In The Irish Mortgage Market In 2006, 2005-06
- Figure 14: Gross Advances In The Irish Residential Mortgage Market Will Grow At A Cagr Of 9.6 % Over The Next Five Years, 2005-11f