WHAT IS IT ?
On 11 September 2017, the EMF-ECBC published Hypostat 2017, which is its main statistical report, encompassing data on recent developments in housing and mortgage markets. The publication covers 36 countries – i.e. the EU28 plus Australia, Brazil, Iceland, Japan, Norway, Russia, Turkey and the United States. Hypostat is the result of a collaborative effort by the European Mortgage Federation’s national delegations and external experts.
Besides a general analysis of European mortgage and housing markets, Hypostat 2017 includes external articles focusing on significant topics which have an impact on these markets: One of the key indicators for assessing the riskiness of a mortgage loans is the Loan-to-Value (LTV) ratio. As straight forward as it seems, this ratio can be calculated and interpreted in several different ways. The first external article therefore focusse on the various ways the LTV ratio can be assessed together with an empirical study and their policy implications. Another important topic on the agenda of EU Member States is the issue of housing affordability. With this in mind, the second external article presents the results of a survey on an identikit of first time buyers (FTBs) in Ireland and the UK.
The key figures revealed by Hypostat show the following: