South Africa - Loan Demand Building on Concrete Housing Market
Released on: September 26, 2008, 2:44 am
Press Release Author: Shushmul Maheshwari
Industry: Financial
Press Release Summary: The demand for bank loans in South Africa will ascend during 2008-2012 due to an expected decline interest rates and boom in real estate market.
Press Release Body: On the back of real estate boom, rising demand of mortgage loans and expected decline in interest rates, the total bank loans in South Africa are projected to grow at a CAGR of 11.7% during 2007-2011. These are the findings of our latest research report - “South African Banking Sector Analysis”.
As per our research, the South African housing market is going apace, creating a high demand for mortgage loans and prompting the South African banks to actively focus on developing a strategy to expand housing finance/mortgage loans industry. This has supported the people in rural and urban areas with middle and lower income by standardizing the primary mortgage market and making the services available to all sections. As a result, mortgage loans remain the single largest component of total banking assets in South Africa.
The demand for mortgage loans will further get a boost from the expected decline in lending interest rates in coming few years due to stabilizing inflation. CPIX inflation in South Africa is expected to peak at an average rate of around 13% in the third quarter of 2008 but sink to an average of about 7.2% in 2009 and 5.9% in 2010.
“South African Banking Sector Analysis” provides an extensive research and prudent analysis on the South African banking industry. This comprehensive research will help the clients to identify the potential industry segments and evaluate the leading-edge opportunities critical to the success of the banking industry in the country. It gives detailed analysis on the factors fueling growth into the banking industry, together with the forces that are countering the growth of the industry.
This report supports the past and current information on the South African banking industry with forecast on various key industry aspects, including population, wealthy women population, consumer durables, Internet penetration, mobile subscribers, passenger car registrations, banking deposits and banking assets.
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RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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