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Hypoport AG: EUROPACE - Transaction volume reaches around EUR200 million per sales day for the first time in the second quarter of 2017

DGAP-News: Hypoport AG / Key word(s): Market Report/Miscellaneous Hypoport AG: EUROPACE - Transaction volume reaches around EUR200 million per sales day for the first time in the second quarter of 2017 21.07.2017 / 07:00 The issuer is solely responsible for the content of this announcement. Press release

Volume of transactions in the first half of 2017

EUROPACE: Transaction volume reaches around EUR200 million per sales day for the first time in the second quarter of 2017

- Total volume of transactions rises by 12.5 per cent compared with the first half of 2016

- GENOPACE and FINMAS sub-marketplaces generate disproportionately strong growth

- Overall market for mortgage finance expands only slightly year on year

Berlin, 21 July 2017: Growth in the volume of transactions on the main EUROPACE marketplace was again into double figures at 12.5 per cent in the first half of 2017. The sub-marketplaces GENOPACE (cooperative banks) and FINMAS (savings banks) increased their share of technology-based mortgage finance with disproportionately strong growth that was into the high double digits.

According to Deutsche Bundesbank, the overall market for mortgage finance in the period January to May 2017 expanded by just 3 per cent to EUR98.4 billion, compared with EUR95.5 billion in the prior-year period. This was the case even though the market had suffered significantly in April and May of last year due to the flawed introduction of the Mortgage Credit Directive. "We expect the overall market volume for June to be lower than in the same month of last year," explains Ronald Slabke, Chief Executive Officer of Hypoport AG. "Given that there is a huge amount of demand in the housing market, this is a clear signal to politicians that a great deal more needs to be done for the private housing market."