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http://www.globalpropertyguide.com/real-estate-school/Mortgage-markets GLOBAL PROPERTY GUIDE MORTGAGE MARKET INDICATORS
COUNTRY	MORTGAGE MARKET STRUCTURE1	LTV OF NEW LOANS (%)2	TYPICAL LOAN TERM (YEARS)3	MORTGAGE DEBT (% OF GDP)4	HOME OWNERSHIP RATE (YEAR OF CENSUS)5
Algeria	..	90	30 (max)	1.5	63 (1985)
Argentina	Variable	80 - 90 (avg.)	12 - 20; 20 (max)	1.7	68 (1990)
Australia	Variable	90 - 100	25	71.0	69 (2004)
Austria	Fixed	60 (avg.)	25	26.1	57 (2001)
Bangladesh	..	50-70 (avg.)	<15	2.5	86(2001)
Belgium	Fixed	100	20	28.3	68 (2001)
Bolivia	..	70 (avg.)	15 - 20	9.5	60 (1997)
Brazil	Variable	75 - 100	20 (max)	5.0	75 (2000)
Bulgaria	..	90	30	4.7	97 (2002)
Canada	Fixed	75 or 95	25	43.0	66 (2004)
Chile	Variable	75	8 - 20	16.0	73 (2002)
China	Variable	80	10 - 15; 30 (max)	12.0	80 (2006)
Colombia	Variable	70	30 (max)	12.0	61 (1997)
Croatia	Fixed/ Variable	50	20 or 30	10.0	61 (1999)
Czech Rep	Fixed (Mixed)	100	20	5.5	47 (2001)
Denmark	Fixed	80	30	87.9	53 (2004)
Egypt	Variable	60	10 - 15	3.0	69 (1996)
Estonia	Variable	90	30	22.0	85 (2002)
Finland	Variable	75 - 80 (avg.)	15 - 20	35.7	64 (2005)
France	Fixed	100	15 - 20	29.0	56 (2002)
Germany	Fixed	80	20 - 30	54.0	43 (2002)
Ghana	..	80	20 - 25 (max)	0.5	57 (2000)
Greece	Variable	55 (avg.)	15	17.6	74 (2004
Honduras	Variable	70	20; 30 (max)	..	72 (2001)
Hong Kong	Variable	90	15	44.0	57 (2004)
Hungary	Variable (Mixed)	70	5 - 35	11.0	92(2003)
India	Mixed	85	20 (max)	2.0	87 (2001)
Indonesia	Variable	90	8, 10, or 15; 20 (max)	5.8	96 (2001)
Iran		70 - 80	18 (max)	3.0	73(1996)
Ireland	Variable	100	20	59.2	77 (2004)
Israel	Variable	70 - 95; 80 (avg.)	15, 30 (max)	22.0	74 (2002)
Italy	Variable (Mixed)	80	5 - 20	15.0	80 (2002)
Japan	Fixed (Mixed)	70 - 80 (avg.)	20 - 30	36.4	61 (2003)
Jordan	Variable	80 - 90 (avg.)	20 (max)	11	66 (2004)
Korea	Variable	70	3; 20 (max)	2.1	54 (2000)
Latvia	Variable	100	30	14.0	60 (2000)
Lithuania	..	100	25	12.6	87 (2002)
Luxembourg	Variable	80 (avg.)	20 - 25	33.5	67 (2002)
Malaysia	Variable	80	30 (max)	31.5	85 (1998)
Mexico	Variable	100	10 - 15	11.0	79 (2000)
Morocco	..	70-100	25 (max)	7.0	69 (1985)
Netherlands	Fixed	125	30	100	55 (2005)
New Zealand	Variable	60 - 80	30	78.2	68 (2001)
Norway	Variable	70	15 - 20	45.0	77 (2001)
Pakistan		80	20 (max)	0.7	81 (1998)
Peru	Variable	90	25	2.5	79 (2001)
Philippines	Variable	70 - 80 (avg.)	20 - 30 (max)	12	71 (2000)
Poland	Variable	100	5 - 32.5	5.2	75 (2004)
Portugal	Variable	90	25 - 30	50.7	75 (2001)
Romania	Variable	75	10 - 20	1.8	97 (2002)
Russia	Fixed/ Variable	90; 64 (avg.)	15 - 20	0.6	64 (2003)
Saudi Arabia	..	..	..	1.0	45 (2000)
Singapore	Variable	80	30 - 35	61.3	92 (2005)
Slovakia	Variable	75	5 - 15	5.9	76 (2001)
Slovenia	Variable	50 (avg.)	10	3.5	82(2002
South Africa	Variable	80	10 - 20	26.1	56 (2001)
Spain	Variable	100	15 - 20	40.2	83 (2004)
Sweden	Variable	80 - 95 (avg.)	30 - 45	50.3	49 (2003)
Switzerland	Fixed	80	15 - 20	130	31 (2003)
Taiwan	Variable	70	25	26.0	87 (2004)
Thailand	Variable	80; 90 - 100	10 - 20; 30 (max)	16.0	82 (2000)
Tunisia	Variable	80	..	6.0	80 (1989)
Turkey	Variable	75 - 80	10	2.5	64 (2000)
UAE (Dubai)	Variable	90; 60 (avg.)	15 - 25	..	..
UK	Variable	110	25	64.0	71 (2004)
Uruguay	Variable	70	25 (max)	9.8	81 (2004)
US	Fixed	76 (avg.)	30	69.4	69 (2004)
Venezuela	Fixed	70 - 75	25 (max)	0.7	76 (1990)
1 Mortgage Market Structure shows the predominant type of mortgage loans. Mortgages with interest rates fixed for more than five years are regarded as Fixed rate mortgages. Variable rate mortgages are mortgages with interest rates fixed for less than five years. In several countries, mortgages interest rates are fixed for 1 to 3 years before adjusted (these mortgages are still considered variable rate mortgage). In Chile, Colombia and Mexico, most mortgages are indexed to inflation (i.e. nominal interest rate plus inflation). Since the actual amount of amortization is subject to fluctuations due to inflation, these mortgages are also considered variable rate mortgages. 2 Loan to Value (LTV) Ratio is the amount of the loan that can be taken as a percent of property value. A higher LTV ratio implies a lower down payment or equity to be produced by the borrower. 3 Loan Term is the number of years before the loan is paid. A longer loan term implies a smaller amount of periodic amortization. 4 Mortgage Debt as percent of GDP is a measure of the depth of the housing market. Higher ratios are correlated with 1) faster and deeper financial innovations in the mortgage market; and 2) more liberal financial markets. Latest data available. 5 Home Ownership Rate shows the number of households which own their dwelling units as a percent of total number of households. In some cases, the figure represents the number of owner occupied housing units as a percentage of total occupied units. Sources: EMF, BIS, OECD, UNECE, ECLAC, IADB, IUHF, IUT, national statistics, and central bank statistics