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Mortgage companies in Europe

Europe is the most upcoming market for mortgage companies as the charts of recent years show that the market is growing by leaps and bound. According to the surveys published by European Mortgage Federation, Europe enjoys a strong market growth in the field of mortgage companies. The market valuation of GDP was just around 0.4% till the evaluation of the mortgage companies which helped the market growth to expand to 7.4%. By the year end of 2003, the mortgage companies have contributed a lot to the upliftment of the Gross Domestic Product market. The outstanding result of the total value of residential mortgage in Europe has come up to €4.24 trillion, which is equal to €11,200 worth of housing debt per capita. Here we will be discussing about the mortgage companies in Europe.

To understand the growing market of European mortgage companies, go through the recent status of the market and enhance your knowledge about this new development.

The highest rate of ownership home is in Spain and Greece with 83% where as Germany has the lowest rate with 41%. The average rate of home ownership in Europe is around 64%.

Over the last five years, the average rate of residential mortgage in Europe shows an average growth of 9%.

The value of non residential mortgage loan in Europe was around €5.1 trillion approximately by the end of 2003.

US and Germany has been the top front line players in the mortgage market in Europe. The southern countries have a low housing debt in comparison to the other countries.

Average growth of 50% per annum was enjoyed by the mortgage market companies in European countries such as Latvia, Poland, Czech Republic and Hungary. Ireland is a small but strong player in the mortgage market. Though the market has become slow recently compared to the previous years, there are chances of recovering and going strong. Small time lenders also help in the mortgage market of Europe where buy-to-let or self certification helps in stimulating the whole market.

Not only national companies, various foreign companies are also investing in the mortgage market of Europe. This in turn makes Europe a strong center for mortgage that is based on the buyer’s home country. Some of the popular mortgage companies of Europe that are doing brisk business in mortgage are as follows:

Abbey National plc
ABN AMRO Holding N.V.
AXA
Banco Santander Central Hispano S.A.
Bank of Ireland
Barclays PLC
BNP Paribas Group
Bradford & Bingley Plc
Citibank, N.A.
CML Microsystems PLC
Commonwealth Bank of Australia
Credit Agricole, S.A.
Deutsche Bank AG
Dresdner Bank AG
Fortis
General Electric Company
HBOS plc
HSBC Holdings plc
ING Groep N.V.
Irish Life & Permanent plc
La Poste
Lloyds TSB Group plc
National Australia Bank Group Limited
Nationwide Building Society
Nationwide Mutual Insurance Company
Newcastle Building Society
Northern Rock plc
Robeco Group
Société Générale

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