Mortgages in France 2007 (Market Guide)

STANDARD DESCRIPTION:

Introduction
A rise in dwelling housing stock in the past three years coupled with tighter lending conditions have slowed the growth of the French mortgage market. 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
Prior to the fourth quarter of 2005, typical mortgage interest rates decreased in France by 0.85 percentage points from 4.35% in the third quarter of 2004 to 3.5% in the fourth quarter of 2005. However, typical mortgage rates have been on the increase since then, reaching 4.3% in the second quarter of 2007. Unsurprisingly, while mortgage interest rates fell significantly in the 200305 period, remortgaging became more popular in the French mortgage market. However, the increase in mortgage interest rates since early 2006 has slowed down this upward trend in remortgaging. Mutual and co-operative banks and commercial banks held a share of 53.6% and 34.6% respectively in terms of home loans balances at the end of 2006.

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

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