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Report
Qatar Mortgage/Loan Brokers - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029
Market Report I 2024-02-17 I 150 Pages I Mordor Intelligence
The Qatar Mortgage/Loan Brokers Market size is estimated at USD 1.27 billion in 2024, and is expected to reach USD 1.78 billion by 2029, growing at a CAGR of 6.94% during the forecast period (2024-2029).
Qatar generates most of its revenue from natural gas and oil reserves. As a result, this country is focusing on developing its financial and banking systems to improve its efficiency and secure resources for its citizens. Twenty commercial banks are currently operating in Qatar, of which 12 are national banks, and eight are international banks, with 223 local branches being supervised by the Qatar Central Bank.
With the advent of the COVID-19 pandemic, the total assets of banks in Qatar increased by a large percentage. As COVID-19 brought considerable fluctuations in the market, the return on equity for banks in Qatar observed a minor decline with the almost stable value of Returns on Assets. Even during COVID-19 with accommodative policies of major banks worldwide, Qatar observed a decline in inflation and consumer prices, which slowly increased over all sectors due to supply chain issues.
Over the last decade, Qatar has observed a continuous decline in its lending interest at 3.9% last year. This decline in the interest rate and an inflationary surge after covid will affect both the borrower and issuer in some way for the loan mortgage market.
Qatar Mortgage/Loan Brokers Market Trends
Banking penetration and concentration in Qatar affecting Mortgage/Loan Brokers Market.
The banking concentration in Qatar continuously increased, reaching 96.58% during the previous year. With an increase in banking concentration, Qatar's real estate price index observed a constant fluctuation during the COVID-19 period ranging from 224 to 200. Combined with all these, interest rates have continuously declined in the past two years.
All these trends simplify the problem of consumer access to banking facilities with an increase in the level of penetration combined with declining loan prices through a decrease in the level of interest rate and, with it, an almost stable level of real estate price with minor fluctuations leaving a small space for speculations to both borrower and loan issuer, Making it easier borrower to opt mortgage loan from where it suits him best.
Demographics and GDP trend of Qatar affecting Mortgage/Loan Brokers Market
Qatar observed a continuous decline in population growth in the last decade, signifying a continuous decline in population density. As most of the banking facilities are available in a digital format, with constant growth in the number of internet users, the consumer can easily access loan facilities from banking facilities.
Whether private or Government, consumption levels have observed a decline in growth, and the combined effects of lower revenues and increased spending are changing the positive pre-COVID-19 trends in public finances. With a positive approach, GDP is expected to increase continuously after a continuous during pre-covid years, increasing the level of consumption and investment and creating a positive impact on the Loan and mortgage loan market.
Qatar Mortgage/Loan Brokers Industry Overview
The highest distribution of credit facilities in Qatar goes to public institutions, Personal, Services, Trade, Real estate and construction and Other Sectors. A mortgage is a loan used to purchase or maintain a home, land or another type. Almost 11.5% of the credit facility in Qatar goes for Real estate and construction. Among the major banks providing mortgage loans in Qatar includes Commercial Bank of Qatar, Qatar National Bank, Al Rayan, Qatar Islamic Bank, AL Khaliji Commercial Bank, Doha Bank, Qatar International Islamic Bank, Barwa Bank, Ahli Bank and HSBC Bank Middle East.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Surge in Qatar household Wealth
4.2.2 Increasing Penetration rate of brokerage services
4.3 Market Restraints
4.3.1 Competition from Western Banks and tightening of risk management rules.
4.3.2 Requirement of fresh Capital for financing
4.4 Market Opportunities
4.4.1 Fintechs Innovative products expanding the Market
4.4.2 The partnership between fintech and traditional Banks towards a more stable business
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Insights on various regulatory landscape
4.8 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type of Mortgage Loan
5.1.1 Conventional Mortgage Loan
5.1.2 Jumbo Loans
5.1.3 Government-insured Mortgage Loans
5.1.4 Other Types of Mortgage Loan
5.2 By Mortgage Loan terms
5.2.1 30- years Mortgage
5.2.2 20-year Mortgage
5.2.3 15-year Mortgage
5.2.4 Other Mortgage Loan Terms
5.3 By Interest Rate
5.3.1 Fixed-Rate
5.3.2 Adjustable-Rate
5.4 By Provider
5.4.1 Primary Mortgage Lender
5.4.2 Secondary Mortgage Lender
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Doha Bank
6.2.2 Commercial Bank
6.2.3 Al Rayan Bak
6.2.4 Al Khaliji Commercial Bank
6.2.5 Qatar International Islamic Bank
6.2.6 Ahli Bank
6.2.7 Qatar National Bank
6.2.8 Barwa Bank
6.2.9 Qatar Islamic Bank
6.2.10 HSBC Bank Middle East*
7 MARKET FUTURE TRENDS
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