Market Size of France Mortgage/Loan Brokers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Mortgage/Loan Brokers Market Analysis
The France Mortgage/Loan Brokers Market is expected to register a CAGR of greater than 4% during the forecast period(2024-2029).
Since fewer people were looking for loans during the COVID-19 era, which resulted in huge losses for many loan brokers, the COVID-19 pandemic had a negative impact on the growth of the French loan broker industry. Institutions' work can be put into one of three main groups: getting ready for the recovery, managing and stabilizing business risk, and dealing with volume surges.
Mortgage interest rates increased throughout the year 2022, going from a 50-year low of 1.05% in December 2021 to 2.5% in December 2022. By the end of 2023, rates are predicted to reach around 3.0% before reverting to 2.75%. A mortgage or loan broker is a person who works as a liaison between lenders who give loans and businesses that want to borrow money. Regardless of whether their client wants to fund a loan or start a new business, brokers look for the best financing rates and terms. To obtain loan approval, they haggle with lenders or explore other possibilities. A bank loan officer offers only one company's mortgage rates and services. A mortgage broker, on the other hand, works on behalf of a borrower to find the most advantageous lending options and/or the most affordable rates provided by several lenders.
Over the past three years, the French real estate market has benefited from more than just low borrowing rates. The French mortgage market has also contributed to a rise in the number of real estate deals. In France, repayment mortgages account for about 85% of all mortgages. The country's mortgage market was able to expand despite the 2007 financial crisis, the most recent Coronavirus Epidemic, and the Energy Crisis of 2022 due to the relative stability of fixed-rate mortgages. The National Institute for Statistical and Economic Research (INSEE) estimated that France had one of the largest mortgage markets in the world, with French mortgages accounting for 44% of France's GDP in 2022, up from 21% in 2000.
