法國房屋貸款市場（市場指南）

Abstract

Overview

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.

Report 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 2003-05 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.

Table of Contents

• Overview
  • Catalyst
  • Summary
• Executive Summary
  • Market size
  • Market forecasts
  • Key issues
  • Key market players
• Table of Contents
• Table of figures
• Table of tables
• Market Context
  • Country overview
    • Demographics data on a selection of major western European countries
      • Population
      • Economy
    • Housing market
      • Dwelling stock
      • House prices
  • Government housing intervention
    • Taxes, subsidies and housing schemes
  • Market data
    • Mortgage interest rates
    • Market size
      • Balances outstanding
      • Gross advances
      • Product lines
  • Market structure
    • Structure of the French retail banking sector
    • Categories of banks
      • Commercial banks
      • Mutual and co-operative banks
      • Municipal credit banks (Caisses de crédit municipal)
      • The French banking structure is more complex than it seems
      • Finance houses are important players in the retail finance market
    • Mortgage market structure
      • Mortgage market share by type of player
      • Funding
      • Distribution
  • Regulatory environment
    • Industry regulators
      • Banque de France
      • Commission Bancaire
      • The CECEI
      • The CRBF
    • Industry associations
      • Groupement des Cartes Bancaires
      • The Association Française des Etablissements de Crédit et des Entreprises d' Investissements
      • The ASF
      • The FBF
      • Other noteworthy associations
    • Credit bureaus
    • Regulatory issues and developments in the mortgage market
      • The birth of an integrated European mortgage market is still very far off
      • Basel II will mean a number of changes for lenders
      • Recent national mortgage-related legislation
  • Key issues in the mortgage market
• Competitor and Product Overview
  • Top five mortgage lenders
    • Market share by balances outstanding
  • Product analysis
    • Typical product characteristics
• Market Forecasts
  • Forecasting gross advances
    • Gross advances in the French residential mortgage market will reach €235.9 billion in 2011
  • Future prospects
    • Market attractiveness
    • Market inhibitors
• APPENDIX
  • Supplementary data
    • Tables relating to Chapter 2: Market Context
  • Definitions
    • Balances outstanding
    • CAGR
    • Capped mortgage
    • Equity release
    • Fixed rate mortgage
    • Gross advances
    • Loan-to-value (LTV)
    • Mortgage intermediary
    • Remortgaging
    • Variable mortgage
  • Forecasting methodology
  • Research methodology
  • Further reading
    • European Mortgages
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: Forecast of residential mortgage gross advances in the French market , 2005-11f, (€m)
    • Table 2: Total population across major western European countries, 2002-06
    • Table 3: GDP at current rates across major western European countries, 2002-06, (€bn)
    • Table 4: GDP per capita at current rates across major western European countries, 2002-06, (€)
    • Table 5: GDP growth rates across major western European countries, 2002-06, (%)
    • Table 6: GDP composition by sector across major western European countries, 2006, (%)
    • Table 7: Inflation across major European countries, 2002-06, (%)
    • Table 8: Unemployment rates across major western European countries, 2002-06, (%)
    • Table 9: Age of France' s dwelling stock, 2002
    • Table 10: Residential mortgage balances outstanding compared to GDP of selected European countries, 2006
    • Table 11: Main players under each pillar in the French banking industry, 2007
    • Table 12: Examples of finance houses in France, 2007
    • Table 13: Market share of the top five competitors in the French residential mortgage market in terms of balances outstanding, 2005-06
    • Table 14: Forecast of residential mortgage gross advances in the French market, 2005-11f, (€m)
    • Table 15: Total dwelling stock in France, 1999-03, (000s)
    • Table 16: Average house price growth in the French residential mortgage market, 2002-06
    • Table 17: Typical mortgage interest rates in the French residential market and ECB base rates, Q3 2004-Q4 2006, (%)
    • Table 18: Mortgage gross advances and balances outstanding in the French mortgage market, 2002-06, (€m)
    • Table 19: Market shares of home loans in France by legal categories, 2004-06
    • Table 20: Net lending in the French mortgage market, 2002-06, (€)
  • List of Figures
    • Figure 1: Gross advances have been growing steadily in France, 2002-06
    • Figure 2: Crédit Agricole is by far the leader in the French mortgage market, 2005-06
    • Figure 3: A snapshot of France' s key statistics, 2006
    • Figure 4: Housing stock in France grew slowly between 1999 and 2003
    • Figure 5: France has an owner-occupation rate of 56%, 2002
    • Figure 6: After reaching a peak in 2004, average house price growth in France slowed in 2005 and 2006
    • Figure 7: Typical mortgage interest rates in France stood at 3.90% in the fourth quarter of 2006
    • Figure 8: Mortgage balances outstanding have experienced strong growth in France, 2002-06
    • Figure 9: Net mortgage lending in France reached €74.2 billion in 2006, 2002-06, (€m)
    • Figure 10: Gross advances have been growing steadily in France, 2002-06
    • Figure 11: Remortgaging accounted for roughly 35% of gross advances in the French mortgage market in 2006
    • Figure 12: The three pillars of the French banking structure, 2007
    • Figure 13: Commercial banks in France have slightly increased their market shares of home loans over the last few years
    • Figure 14: Regulatory overview of France, 2007
    • Figure 15: Crédit Agricole is by far the leader in the French mortgage market, 2005-06
    • Figure 16: Gross advances in France are forecast to reach €235.9 billion in 2011