Gross advances in the Hungarian mortgage market grew at a rate of 34.8% from 2005 to 2006. A number of drivers are behind this significant growth such as the existence of state subsidies on mortgages loans. What are the current issues facing this market? 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 four players in terms of balances outstanding. Looks at housing policies, regulations and issues in the mortgage market.

Highlights

According to the most recent data, Hungary has one of the highest owner-occupation rates in the world at 92.2% in 2003. Hungarians have a long tradition of being owner-occupiers. Moreover, a change in housing ownership status of many dwellings from state ownership to owner-occupation has meant that this rate has been pushed further upward. There is no clear trend in the movements of typical mortgage interest rates in Hungary since they have not followed the movements of the central bank base rate. For instance, the latter stayed stable during Q4 2005-Q1 2006 whereas typical mortgage interest rates increased in Q4 2005 and fell in Q1 2006. While Hungary's mortgage balances as a percentage of GDP has increased significantly over the years from 4.5% in 2002 to 10.8% in 2006, the percentage point increase on a year-on-year basis has fallen steadily.

Reasons to Purchase

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