Global home loan market to reach $ 23,121 billion by

Portland, OR, October 27, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the mortgage market generated $ 7,968 billion in 2020, and is expected to reach 23,121 billion dollars by 2030, witness a 11.3% CAGR from 2021 to 2030. The report offers a detailed analysis of changing market trends, major segments, key investment pockets, value chain, regional landscape and competitive scenario.

The increase in the need to streamline lending services and the increase in purchases of real estate properties by businesses and individuals are driving the growth of the global real estate lending market. In addition, flexible periods for repaying the loan amount complement the growth of the market. However, the application of strict rules by banks and financial institutions hinders the growth of the market. On the other hand, soaring real estate property prices in China, Japan and India and the advent of metropolitan cities around the world are creating new opportunities in the years to come.

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Covid-19 scenario:

  • Construction activities have ceased due to the government-imposed lockdown and lack of manpower. With economic uncertainties, builders and construction companies have postponed plans to start new projects.
  • In addition, there have been wage cuts and job losses. This has caused people to rethink their plans for purchasing new real estate properties. This has had a negative impact on the mortgage market.
  • Soaring interest rates from mortgage lenders and the ban on essential and non-essential goods needed for the construction of buildings have negatively affected the mortgage market during the Covid-19 pandemic.

The report offers detailed segmentation of the global mortgage loan market on the basis of provider, end-users, type of property, type and region.

Based on the supplier, the banking segment has contributed to the biggest part in 2020, accounting for almost two-thirds of the total share, and is expected to maintain its leadership status during the forecast period. However, the non-bank financial institutions segment is expected to post the highest CAGR of 14.5% from 2021 to 2030.

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On an end-user basis, the business segment held the highest share in 2020, accounting for over two-thirds of the global mortgage lending market, and is expected to maintain its leading position during the forecast period. Additionally, this segment is expected to experience the fastest CAGR of 11.7% from 2021 to 2030. The research also analyzes the individuals segment.

Based on region, North America accounted for the highest share in 2020, holding almost half of the total market share, and is expected to maintain its dominant share in terms of revenue by 2030. However, Asia-Pacific is expected to account for the largest CAGR of 17.2% during the forecast period.

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The list of profiled companies of the global mortgage loan market analyzed in the research includes Bank of America Corporation., JPMorgan Chase & Co., Lendio, Liberty SBF, Northeast Bank, Santander Bank, NA, SmartBiz, The PNC Financial Services Group, Inc ., US Bank and Wells Fargo.

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.


        

Priscilla C. Carnegie