Market Size of Europe Mortgage / Loan Broker Industry
|2019 - 2029
|Base Year For Estimation
|Forecast Data Period
|2024 - 2029
|Historical Data Period
|2019 - 2022
|> 8.00 %
*Disclaimer: Major Players sorted in no particular order
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Europe Loan Broker Market Analysis
In the current year, the European mortgage and loan broker market brought in about USD 8.79 billion and is expected to register a CAGR of more than 8% over the next five years.
Attractive locations and investments in residential real estate have primarily driven the European mortgage and loan broker industries over the past few years. Even during the pandemic, prices stayed stable. Even though the pandemic was ongoing, there were recent changes in geopolitics and a lot of uncertainty, but the outlook was positive. Because of COVID-19, there was a crisis in Ukraine; prices for energy and building materials went up; inflation pressures were high; and there were shortages and backlogs in the supply chain.
The average, unweighted home mortgage interest rate for the European nation sample at the end of Q3 2022 was 3.48%, 69 basis points more than the quarter before (when it was 2.79%). This most recent change in rates lines up with the ECB's plan to raise benchmark interest rates in the euro area in July 2022. The average rate of the EMF sample would rise for the fourth consecutive quarter, and the rate for Q3 2022 alone would set a new record for growth over Q2 2022's increase of 62 bps.
Even though Europe is having a hard time with inflation and geopolitical uncertainty because of the ongoing conflict in Ukraine, a large number of EMF countries are reporting new mortgage rate increases, which is obviously in line with the trend.