Hypoport increases transaction volume of private real estate financing
DJ Hypoport increases transaction volume of private real estate financing
DOW JONES--Hypoport increased its transaction volume for private real estate financing across all platforms in the second quarter. Hypoport recorded a slight decline in transaction volume for home savings and personal loans. On a half-yearly basis, there was a pull-forward effect in the first quarter related to short-term interest rate developments following the announcement of higher German government debt, the SDAX-listed company announced.
The Hypoport platforms Europace, Finmas and Genopace increased their transaction volumes by 12, 14 and 17 percent in the quarter, respectively; in the first half of the year, there were increases of 23 percent for Europace and Finmas and 31 percent for Genopace.
Europace, the largest platform, increased its real estate financing transaction volume to almost €18 billion in the quarter, up from just over €16 billion in the previous year. The half-year figure was €38.4 billion, compared to €31.2 billion.
The increase in the first half of the year was "primarily driven by the volume of loans used for the purchase of existing properties." This was "also the result of a steadily deteriorating rental market, which is unattractive for an increasingly large segment of the population and offers no permanent solution." The volume of loans for new construction rose again from a low level, despite "excessive regulation" and high construction costs. Loans to refinance expiring fixed-interest periods increased slightly from a very low level, while loans for energy-efficient renovations by existing owners remained low.
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(END) Dow Jones Newswires
July 16, 2025 02:06 ET (06:06 GMT)
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