The global housing finance market revenue was around US$ 6,761.7 billion in 2023 and is estimated to reach US$ 41,390 billion by 2032, growing at a compound annual growth rate (CAGR) of 22.3% during the forecast period from 2024 to 2032.
Housing finance is a kind of lending service that provides money to purchase new properties such as homes or land to end users. It assists people and businesses in buying housing properties without giving the entire buying cost upfront. The borrower has a set number of years to repay the loan amount and interest.
Market Driving Factors
Favourable government policies are estimated to boost market growth. This is because governments across the world are executing policies and initiatives to facilitate reasonable housing, offer subsidies, decrease interest rates, and improve access to housing finance for marginalized and less-income parts.
Immediate urbanization, coupled with population growth, is leading to a surge in demand for housing. This trend propels the requirement for strong housing finance mechanisms to fulfill the evolving requirements of urban residents. As a result, this is driving the market growth.
Enforcement of strict rules by financial institutions and banks for offering housing finance. Thus, this factor is predicted to hinder the market growth.
Regional Analysis
North America dominates the market in terms of the highest growth rate. This growth is owing to the surge in the adoption of digital lending platforms among financial and banking services for enhancing financing services. Additionally, the increase in adoption of advanced technologies such as artificial intelligence (AI), e-signatures, machine learning, and cutting-edge analytics among house financing service firms for determining fraudulent activities in lending services boosts the market growth in the region.
Segmentation Insights
Application Insight
The home purchase segment is expected to dominate the market in terms of the largest shares. This is mainly due to the requirement to shift to a larger home as the family members surge in size boosting the customers to apply for housing finance for buying new homes. Additionally, the enhancement in the standard of living of customers is a major element for the market growth, since customers want to live in a good society and they are not happy with the conveniences of their current homes, so they decide to buy new homes by taking housing finance.
Providers Insight
The bank segment dominates the market in terms of the highest growth rate. This is owing to the growth in focus on the digitalization of financial processes has altered conventional banking systems due to which different banks are offering housing finance to significantly support an increase in client requirements. Additionally, the rise in digitization across the banking sector has filled existing gaps in financial services and surged efficiency among the banking sector to offer a better client experience, which propels the housing finance market growth.
Prominent Companies
Segmentation Outline
The global housing finance market segmentation focuses on Application, Providers, and Region.
By Application
By Providers
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL HOUSING FINANCE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: HOUSING FINANCE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL HOUSING FINANCE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL HOUSING FINANCE MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 HOME PURCHASE
5.3 REFINANCE
5.4 HOME IMPROVEMENT
5.5 OTHERS
6 GLOBAL HOUSING FINANCE MARKET, BY PROVIDERS
6.1 OVERVIEW
6.2 BANKS
6.3 HOUSING FINANCE COMPANIES
6.4 REAL ESTATE AGENTS
6.5 OTHERS
7 GLOBAL HOUSING FINANCE MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL HOUSING FINANCE MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 JPMORGAN CHASE & CO.
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 ROYAL BANK OF CANADA
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 BANK OF AMERICA CORPORATION
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 DEWAN HOUSING FINANCE CORPORATION LIMITED
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 CHARLES SCHWAB & CO.
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 LLOYD'S BANKING GROUP
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 LIC HOUSING FINANCE LIMITED
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 WELLS FARGO
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 CITIGROUP INC.
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 CREDIT SUISSE
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 HSBC GROUP
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 THE ROYAL BANK OF SCOTLAND PLC
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.13 GOLDMAN SACHS
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.14 MORGAN STANLEY
9.14.1 OVERVIEW
9.14.2 FINANCIAL PERFORMANCE
9.14.3 PRODUCT OUTLOOK
9.14.4 KEY DEVELOPMENTS
9.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.15 UBS
9.15.1 OVERVIEW
9.15.2 FINANCIAL PERFORMANCE
9.15.3 PRODUCT OUTLOOK
9.15.4 KEY DEVELOPMENTS
9.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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