EQS-News

Hypoport SE: business volume rises sharply in Q1 thanks to market share gains and market growth - Seite 2

The value of residential properties inspected or appraised by VALUE AG amounted to just €7.9 billion in the first quarter of 2024. This year-on-year fall of 3 per cent was due to regulatory changes and the delayed recovery of the valuation market.

 

Financing Platforms segment: The volume of new loans brokered on the property financing platform for the housing industry came to around €0.3 billion in the first three months of 2024, rising by 13 per cent compared with the prior-year period. The portfolio of contracts on the property management platform for the housing industry encompassed more than 310,000 homes as at 31 March 2024, a year-on-year increase of 51 per cent. The volume of new projects acquired in the SME financing business declined by 13 per cent to €0.3 billion in the first quarter of the year amid the challenging market conditions created by constant shifts in the funding support schemes. By contrast, the volume of personal loan transactions on Europace held up well, with a rise of 17 per cent to €1.6 billion.

 

Insurance Platforms segment: There was further progress with migrating the insurance portfolios from individual solutions to the centralised SMART INSUR platform. The portfolio volume on SMART INSUR grew by 12 per cent compared with the first quarter of 2023 to reach a total of €4.3 billion in the first quarter of this year.

 

Ronald Slabke, Chief Executive Officer of Hypoport SE, commented on the Hypoport Group’s operating performance as follows: “The trend reversal seen in the mortgage finance market last year, along with the gains in market share that we have made, are once again having a positive impact on our operational key figures in the Real Estate & Mortgage segment. We predicted that the market would recover markedly over the course of 2024, and this is backed up by the successful first quarter. Given the challenges that prevail in some areas of the market, we also view the performance of the business models in the Financing Platforms and Insurance Platforms segments as positive in the first three months of this year. Before the slump in the mortgage finance market, Hypoport had consistently notched up double-digit percentage growth rates. Following a phase of qualitative growth, we are now gradually returning to this level of performance in quantitative terms too.”