Europe Mortgage / Loan Broker Market Trends

Statistics for the 2023 & 2024 Europe Mortgage / Loan Broker market trends, created by Mordor Intelligence™ Industry Reports. Europe Mortgage / Loan Broker trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Europe Mortgage / Loan Broker Industry

The Housing Market's Expansion Drives Up Demand for Mortgage Brokers

When the mortgage market changes, it's a good time to look back on what the wholesale channel did in 2020, despite the big problems caused by the digital revolution and the COVID-19 outbreak, which caused economic uncertainty. Even though the real estate market is still doing well, there is a lot of competition for every loan because there are so few of them. The broker's dynamic flexibility comes in handy in this situation. The broker channel is well-positioned to prosper in the future and continue growing its market share because of the relationship-based customer services, selection of loan choices, and technology resources they provide.

Zagreb's nominal house price index climbed by 7.2%, while the nominal house price index (which takes both new and existing homes into account) increased by 7.3%. While residential property prices along the Adriatic coast increased at an 8.2% faster rate. It is crucial to emphasize that Croatia's urban districts have all seen an increase in population since 2015. Despite the decline in building permits in 2020, there were 16,654 issued in 2021, a 7.3% rise.

Europe Mortgage / Loan Broker Market : Share of the population in European countries who are owner-occupants in 2021, with or without a mortgage

United Kingdom is Dominating the Market

In 2021, the mortgage lending market was booming in the United Kingdom. Gross lending increased 26% over 2020, when pandemic restrictions had a significant negative impact on lending, to GBP 308.5 billion. Yet it was also 15% more than the GBP 269.0 billion in 2019.

While slightly rising to 2.11% from 2.00% in 2020, the average mortgage interest rate stayed below the average of 2.25% in 2019. In response to the pandemic, the base rate was decreased in March 2020 from 0.75% to 0.10%. When more lenders priced in the extra risk or pulled these products off the market, mortgage interest rates first rose, especially at larger LTVs (over 75%).

Europe Mortgage / Loan Broker Market : Total outstanding residential mortgage lending, by Country, Europe, As of Q3 2022

Europe Mortgage / Loan Broker Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)