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Mortgages in the Czech Republic 2007 (Market Guide)



Mortgages in the Czech Republic 2007 (Market Guide)
$1,695
Language :
English
Publication date :
February 2008
Document Size :
42 pages
Additional info :
Summary , Table of Content
 
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Introduction

Gross advances in the Czech mortgage market grew at a CAGR of 28.7% from 2002–06. Various factors have pushed this market upward, including strong demand, high house price growth and falling borrowing costs. What are the current issues facing the Czech mortgage market? Who are the biggest lenders? What will be the size of this 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 three players in terms of balances outstanding.
  • Looks at housing policies, regulations and issues in the mortgage market.


  • Highlights

    Banks occupy the lion’s share of the Czech mortgage market, with over 92.5% of gross advances accounting for this type of institution in 2006 and the remaining 7.5% held by building societies.

    Typical mortgage interest rates have been declining steadily in the Czech Republic since 2004. In the fourth quarter of 2006, typical mortgage interest rates were 4.91%, a historically low level.

    In spite of recent buoyancy in the housing market, the Czech Republic’s mortgage debt to GDP ratio is still extremely low for European levels.

    Reasons to Purchase

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


  •  

    Overview 1
    Summary 1
    Executive Summary 2
    Market size 2
    Forecasts 2
    Key issues 3
    Key market players 4
    Table of Contents 5
    Table of figures 6
    Table of tables 7
    Market Context 8
    Country overview 8
    Demographic and economic data of selected European countries 10
    Demographic data 10
    Economic data 11
    Housing market 16
    Dwelling stock 16
    House prices 18
    Government housing intervention 19
    Taxes, subsidies and housing schemes 19
    Market data 19
    Mortgage interest rates 19
    Market size 20
    Balances outstanding 20
    Gross advances 23
    Product lines 24
    Market structure 24
    Structure of the Czech retail banking sector 24
    Categories of financial institutions 25
    Commercial banks 25
    Building societies 25
    Credit and savings co-operatives 25
    Mortgage market structure 26
    Market share by player type 26
    Funding 27
    Distribution 28
    Regulatory environment 28
    Industry regulators 28
    Czech National Bank (Department of Banking Regulation and Supervision) 28
    The Office of Supervision of Savings and Credit Cooperatives 29
    Industry associations 29
    Czech Banking Association 29
    Credit bureaus 30
    The Central Register of Credits (CRC) 30
    Czech Banking Credit Bureau (CBCB) 30
    Regulatory issues and developments in the mortgage market 30
    The birth of an integrated European mortgage market is still very far off 30
    Basel II will mean a number of changes for lenders 31
    Recent national mortgage-related legislation 32
    Key issues in the mortgage market 32
    Competitor and Product Overview 33
    Top three mortgage lenders 33
    Market share by balances outstanding 33
    Product analysis 34
    Typical product characteristics 34
    Market Forecasts 36
    Forecasting gross advances 36
    Gross advances in the Czech residential mortgage market will reach €23.5 billion in 2011 36
    Future prospects 37
    Market attractiveness 37
    Market inhibitors 38
    APPENDIX 39
    Supplementary data 39
    Definitions 40
    Balances outstanding 40
    CAGR 40
    Fixed rate mortgage 40
    Gross advances 40
    Loan-to-value (LTV) 40
    Mortgage intermediary 40
    Remortgaging/refinancing 40
    Variable mortgage 40
    Forecasting methodology 41
    Research methodology 41
    Further reading 41
    European Mortgages 41
    Ask the analyst 42
    Datamonitor consulting 42
    Disclaimer 42
    List of Tables
    Table 1: Forecast of residential mortgage gross advances in the Czech market , 2005-11f, (€m) 2
    Table 2: Total population across European countries, 2002-06 10
    Table 3: GDP at current rates across European countries, 2002-06, (€bn) 11
    Table 4: GDP per capita at current rates across European countries, 2002-06, (€) 12
    Table 5: GDP growth rates across European countries, 2002-06, (%) 13
    Table 6: GDP composition by sector across European countries, 2006, (%) 14
    Table 7: Inflation across European countries, 2002-06, (%) 15
    Table 8: Unemployment rates across European countries, 2002-06, (%) 16
    Table 9: Age of the Czech Republic's dwelling stock, 2001 17
    Table 10: Residential mortgage balances outstanding compared to GDP of selected European countries, 2006, (%) 23
    Table 11: Market share of top three competitors in the Czech residential mortgage market, 2005-06, (€m) 34
    Table 12: Forecast of residential mortgage gross advances in the Czech market , 2005-11f, (€m) 37
    Table 13: Typical mortgage interest rate and repo rate in the Czech Republic, Q3 2004-Q4 2006 39
    Table 14: Mortgage balances outstanding in the Czech mortgage market, 2002-06, (€m) 39
    Table 15: Mortgage net lending in the Czech mortgage market, 2002-06, (€m) 39
    Table 16: Mortgage gross advances in the Czech mortgage market, 2002-06, (€m) 40
    List of Figures
    Figure 1: Gross advances have grown significantly over the last five years in the Czech Republic 2
    Figure 2: Ceska Sporitelna has the largest market share of the mortgage market in the Czech Republic, 2005-06 4
    Figure 3: A snapshot of the Czech Republic's key statistics, 2006 9
    Figure 4: The dwelling stock in the Czech Republic has grown slightly over 2001-05 17
    Figure 5: Owner-occupation is low in the Czech Republic compared to other European countries, 2001 18
    Figure 6: Typical mortgage interest rates fell in the Czech Republic to 4.91% in Q4 2006 20
    Figure 7: Residential mortgage balances outstanding in the Czech Republic have grown exponentially in recent years 21
    Figure 8: Net lending stood at €3.7 billion in 2006 22
    Figure 9: Gross advances have grown significantly over the last five years in the Czech Republic 24
    Figure 10: Large banks accounted for 54.6% of gross advances in the Czech Republic in 2006 26
    Figure 11: Ceska Sporitelna has the largest market share of the mortgage market in the Czech Republic, 2005-06 33
    Figure 12: Gross advances in the Czech mortgage market are forecast to reach €23.5 billion in 2011 36






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