Mortgages in the Netherlands 2007 (Market Guide)

The Dutch residential mortgage market grew at a CAGR of 11.2% over the last five 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.



Report Highlights
The issue of tight housing supply seems to be acute in the Netherlands, which has ensured that property demand remains strong. Average house price growth has increased from 3.6% in 2004 to 4.9% in 2006. Economic recovery has been a key driver for the increase in house price growth in the Netherlands. While the branch plays an important role in the distribution of mortgage loans in the Dutch market, as with many European markets, intermediaries also generate substantial mortgage business. In fact, in the Netherlands, intermediaries' share of the mortgage market has been increasing continuously in the past few years.


[Studien Infos ausblenden]

Overview 1
Catalyst 1
Summary 1
Executive Summary 2
Market size 2
Market forecasts 3
Key issues 3
Key market players 4
Contents 5
Figures 6
Tables 7
Market context 8
Country overview 8
Demographics data on a selection of major western European countries 10
Population 10
Economy 11
Housing market 16
Dwelling stock 16
House prices 19
Government housing intervention 20
Taxes, subsidies and housing schemes 20
Market data 21
Mortgage interest rates 21
Market size 21
Balances outstanding 21
Gross advances 24
Product lines 25
Market structure 26
Structure of the Dutch retail banking market 26
Mortgage market structure 26
Market share of player types in the Dutch mortgage market 26
Funding 27
Distribution 28
Regulatory environment 28
Industry regulators 29
DNB 29
AFM 29
Industry associations 29
NVB 29
Consumentenbond 30
Credit bureaus 30
Repossession and rules of law 30
Regulatory issues and developments in the mortgage market 30
The birth of an integrated European mortgage market is still very far off 31
Basel II will mean a number of changes for lenders 31
Recent national mortgage-related legislation 32
Key issues in the mortgage market 33
Competitor and Product Overview 34
Top five mortgage lenders 34
Market share by balances outstanding 34
Product analysis 36
Typical product characteristics 36
Market Forecasts 37
Forecasting gross advances 37
Datamonitor forecasts a slowdown in the Dutch mortgage market 37
Future prospects 39
Market attractiveness 39
Market inhibitors 39
APPENDIX 40
Supplementary data 40
Data tables relating to Chapter 2: Market Context 40
Definitions 42
AAGR 42
Balances outstanding 42
CAGR 42
Fixed rate mortgage 42
Gross advances 42
Loan-to-value (LTV) 42
Mortgage intermediary 42
Remortgaging 42
Variable mortgage 42
Forecasting methodology 43
Research methodology 43
Further reading 44
European mortgages 44
Ask the analyst 44
Datamonitor consulting 44
Disclaimer 45

[Inhaltsverzeichnis ausblenden]

Table 1: Forecast of residential mortgage gross advances in the Dutch market , 2005-11f, (€m) 3
Table 2: Total population across major western European countries, 2002-06 10
Table 3: GDP at current rates across major western European countries, 2002-06, (€ billions) 11
Table 4: GDP per capita at current rates across major western European countries, 2002-06, (€) 12
Table 5: GDP growth rates across major western European countries, 2002-06, (%) 13
Table 6: GDP composition by sector across major western European countries, 2006, (%) 14
Table 7: Inflation across major European countries, 2002-06, (%) 15
Table 8: Unemployment rates across major western European countries, 2002-06, (%) 16
Table 9: Age distribution of dwelling stock in the Netherlands, 2002 18
Table 10: Residential mortgage balances outstanding in the Netherlands compared to GDP of selected European countries, 2006 24
Table 11: Top five mortgage lenders in the Benelux region by balances outstanding, 2005-06 35
Table 12: Forecast of residential mortgage gross advances in the Dutch market , 2005-11f, (€m) 38
Table 13: Total dwelling stock in the Netherlands 2002-06, (000s) 40
Table 14: Total number of new builds in the Netherlands, 2002-06 40
Table 15: Average house price growth in the Netherlands, 2002-06 40
Table 16: Mortgage balances outstanding in the Netherlands, 2002-06e, (€m) 41
Table 17: Mortgage net lending in the Netherlands, 2002-06e, (€m) 41
Table 18: Mortgage gross advances in the Netherlands, 2002-06e, (€m) 41


Figure 1: Mortgage gross advances in the Netherlands reached an estimated €133.8 billion in 2006 2
Figure 2: Rabobank is the largest mortgage lender in the Netherlands, 2005-06 4
Figure 3: A snapshot of the Netherlands's key statistics, 2006 9
Figure 4: Dwelling stock reached a total of 6.9 million in 2006, 2002-06 17
Figure 5: The number of new builds in the Netherlands stood at 67,016 in 2006, 2002-06 18
Figure 6: The Netherlands has an owner-occupation rate of 54%, January 2006 19
Figure 7: Average house price growth in the Netherlands stood at 4.9% in 2006, 2002-06 20
Figure 8: Balances outstanding have been growing steadily in the Netherlands, 2002-06e 22
Figure 9: Net mortgage lending in the Netherlands has fallen in recent years, 2002-06e 23
Figure 10: Mortgage gross advances in the Netherlands reached an estimated €133.8 billion in 2006 25
Figure 11: Banks are the major player type in the Dutch mortgage market, 2006 27
Figure 12: Regulatory overview of the Netherlands, 2007 29
Figure 13: Rabobank is the largest mortgage lender in the Netherlands, 2005-06 34
Figure 14: The Dutch mortgage market is expected to grow at a CAGR of 5.3% from 2007-11f 38


[Tabellenverzeichnis ausblenden]