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.