Mortgages in Turkey 2007 (Market Guide)

STANDARD DESCRIPTION:

Introduction
Turkey experienced strong growth in mortgage gross advances over the last few years. 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
The Central Bank of Turkey has continuously increased its policy rate during June 2006 to July 2006 from 13.25% to 17.50% in order to rein in inflation. Although typical mortgage rates have increased this year, they are expected to fall gradually in the longer term. From 2002 to 2006, there has been continuous growth in the level of balances outstanding of mortgage loans at a compounded average growth rate of 191.5%, thus further reflecting strong growth in mortgage lending. The secondary legislation will allow lenders to get access to more efficient funding methods. Indeed, lenders currently use short-term deposits (average maturity of three months) to fund long-term borrowing (mortgages).

Reasons to Purchase
Learn how Turkey's 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 Turkey's mortgage market over the next five years and its future prospects.

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