EQS-News
Hypoport SE: business volume rises sharply in Q1 thanks to market share gains and market growth
- Hypoport SE business volume rises sharply in Q1
- Europace transaction volume sees double-digit increase
- Growth in mortgage finance, housing industry, and insurance portfolios
EQS-News: Hypoport SE / Key word(s): Market Report Operational key figures for Q1 2024 |
Hypoport SE: business volume rises sharply in Q1 thanks to market share gains and market growth
- Q1 2024 sees the first double-digit year-on-year increase in the Europace transaction volume since the slump in the mortgage finance market
- Volume from cooperative banks and savings banks jumps by 42 per cent and 50 per cent respectively compared with Q1 2023
- Property financing platform for the housing industry and property management platform achieve strong growth of 13 per cent and 50 per cent respectively
- Further rise in the volume of premiums related to insurance portfolios migrated to the SMART INSUR platform
- Difficult market conditions affect VALUE AG’s valuation volume and REM’s financing for SMEs
Berlin, 18 April 2024: In the first quarter of 2024, the majority of Hypoport Group’s business models returned to double-digit percentage increases in their operational key figures compared with the prior-year period. The Hypoport Group’s growth was primarily driven by the business models for mortgage finance and for the German housing industry.
Real Estate & Mortgage Platforms segment: The volume of mortgage finance transactions* processed on Europace rose to €15.1 billion in the first three months of this year, an increase of 17 per cent compared with the same period of 2023. Business from the savings banks and cooperative banks saw particularly strong growth, with the volume of mortgage finance on the Finmas and Genopace sub-marketplaces swelling by 50 per cent to €2.3 billion and by 42 per cent to €3.6 billion respectively. The volume of new mortgage finance brokered by Dr. Klein stood at €1.7 billion in the first quarter of 2024, which was up by 20 per cent compared with the first quarter of 2023.