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DUBLIN--(BUSINESS WIRE)--Dec 7, 2022--
The "Housing Finance Market By Application, By Providers: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
According to this report the housing finance market size was valued at $4,520.67 billion in 2021, and is estimated to reach $33,298.79 billion by 2031, growing at a CAGR of 22.3% from 2022 to 2031.
Housing finance is a type of loan which is used to purchase or maintain a home, land, or other types of housing. Furthermore, with growing housing's business across the globe the need for housing finances is rising which in turn drives the growth of the market. In addition, housing finance is one of the most affordable means of borrowing money compared to any other type of loan.
In addition to this, housing finance are mainly offered by banks, independent lenders, insurance companies, pension funds, private investors, and other capital sources.
Growing need to streamline housing lending service and increase in need for money among businesses and individuals to purchase housing boost the growth of the housing finance market. In addition, flexible period to repay the finance amount positively impacts the growth of the market.
However, factors such as enforcement of strong rules by banks and financial institutions for providing finance is expected to hamper the market growth. On the contrary, rising prices of housing properties in developing countries and penetration of metropolitan cities across the globe are expected to offer remunerative opportunities for the expansion of the market during the forecast period.
Key Benefits
Key Market Segments
By Application
By Providers
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/197dc5
View source version on businesswire.com:https://www.businesswire.com/news/home/20221207005577/en/
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KEYWORD:
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/07/2022 09:30 AM/DISC: 12/07/2022 09:32 AM
http://www.businesswire.com/news/home/20221207005577/en