Hypostat 2015
On 30 September 2015, the EMF-ECBC published Hypostat 2015 , which is its main statistical report, encompassing data on recent developments in housing and mortgage markets in the EU28 and beyond. Hypostat is the result of a collaborative effort by the European Mortgage Federation’s national delegations and external experts. The publication covers 33 countries – i.e. the EU28 plus Iceland, Norway, Russia, Turkey and the United States.
On 30 September 2015, the EMF-ECBC published Hypostat 2015 , which is its main statistical report, encompassing data on recent developments in housing and mortgage markets in the EU28 and beyond. Hypostat is the result of a collaborative effort by the European Mortgage Federation’s national delegations and external experts.
The publication covers 33 countries – i.e. the EU28 plus Iceland, Norway, Russia, Turkey and the United States.
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EU 28 Country Reports<br />
Germany Fact Table<br />
Entities which can issue<br />
mortgage loans:<br />
The market share of the<br />
mortgage issuances:<br />
Proportion of outstanding<br />
mortgage loans of the<br />
mortgage issuances:<br />
Typical LTV ratio on residential<br />
mortgage loans:<br />
Any distinction made<br />
between residential and<br />
non‐residential loans:<br />
Most common mortgage<br />
product(s):<br />
Typical maturity of a mortgage:<br />
Most common way to fund<br />
mortgage lending:<br />
Level of costs associated with<br />
a house purchase:<br />
MFI’s and Life Insurers<br />
MFI’s: 97%, Life Insurers: 3%<br />
MFI’s: 96%, Life Insurers: 4%<br />
76% (weighted average for single<br />
family houses and condominiums)<br />
Type of use (buildings with different<br />
types of use: predominant use)<br />
Mortgage loans with fixed interest<br />
rates for about 10 years<br />
About 25 years<br />
Deposits, mortgage covered bonds,<br />
other bank bonds<br />
Transaction costs vary by federal state<br />
because of different land transfer<br />
tax rates and if a real estate agent is<br />
involved or not. Overall, transaction<br />
costs can vary between 5% and 15%<br />
of the house price.<br />
Subsidies for house purchase are only<br />
very limited available.<br />
The level (if any) of government<br />
subsidies for house purchases:<br />
The German states (Bundesländer)<br />
support home ownership within the<br />
scope of publicly assisted housing.<br />
Depending on the policy and cash<br />
balance of each state, several programmes<br />
are offered.<br />
The KfW Förderbank (KfW promotional<br />
bank) offers promotional programmes<br />
for housing construction or modernisation<br />
and for first-time buyers.<br />
<strong>2015</strong> EMF HYPOSTAT | 45
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