Allied Market Research

2024

Property Loan Market

Property Loan Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Interest Rate, by Service Provider, by Distribution Channel, by End-User and by Enterprise Size : Global Opportunity Analysis and Industry Forecast, 2023-2032

BI : IT in BFSI

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Author's: | Onkar Sumant
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The term "property loan" refers to a loan taken by a buyer of real estate or an existing property owner to raise funds for any purpose while putting a lien on the property being mortgaged. Property loans eliminate the need for the company to rely on the financial sector to provide funds to complete a transaction. Many retailers offer property loans to make the buying process easier for their customers. Furthermore, to service a loan for a customer, retailers must either have an established lending business within their company or partner with a single third-party credit provider. Moreover, consumers benefit from property loans because they can usually get a loan through a company that they would not have been able to get through traditional financing methods like a bank. Therefore, the surge in demand for the property loan is expected to boost the growth of the property loan market during the forecasted period.

The global property loan market is segmented on the basis of type, interest rate, service provider, distribution channel, end-user and region. Based on type, the market is divided into land-purchase loan, home-purchase loan, home-construction loan, nri-home loans and others. In terms of interest rate, the market is categorized into fixed rate and floating rate. On the basis of service provider, the market is divided into public banks and private banks. On the basis of distribution channel the market is divided into online and offline. On the basis of end-user the market is divided into individual and businesses. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

COVID-19 Scenario Analysis

  • The COVID-19 has had such severe negative consequences that it has made the survival and growth of the mortgage industry extremely difficult. Banks were asked in a few countries to give borrowers the option of deferring payments on mortgages and other eligible outstanding loans. Simultaneously, given the importance of small and medium-sized enterprises (SMEs), banks faced a challenge in preventing SME customers from defaulting on their debts.
  • Mortgage lenders have had to shift their focus away from their previous priorities and projects to respond to COVID-19 and its implications as a whole. Furthermore, as the COVID-19 pandemic has worsened, cash and interest rate changes have caused stress among mortgage holders and borrowers are withdrawing from making additional mortgage payments. 

Top Impacting Factors

Increase in the preference of individuals to purchase property loans and the rise in technological advancements to be implemented in lending services are driving the growth of the market. In addition, increased awareness towards access to financial services helps to propel the growth of the market. However, lack of financial reserves in semi-developed and underdeveloped countries is the factor that might limit the growth of the market. Contrarily, the growing demand for property loan services in developing economies is said to provide a lucrative opportunity for the market.

Increase in Preference to Purchase Property Loans

Property loans, especially for home financing are becoming more popular in many developing countries. In addition, the demand for lending services has risen online in recent years. Furthermore, property loan growth has increased demand for a simple lending process in several countries. Moreover, a few economies like Hong Kong have also experienced high housing demand, which has resulted in a significantly higher rate of growth in the property loan market. Therefore, the increase in the preference of individuals to use lending services for property loans is expected to drive the growth of the property loans market during the forecasted period.

Rise in Technological Advancements to be Implemented in Lending Services

With the advancement in technology with each passing day, many sectors have started adopting technology to deliver services more effectively and efficiently. Furthermore, to efficiently address their customers' needs, many lending platforms and banking firms are implementing new technologies such as artificial intelligence (AI), chatbots, and big data. In addition, some banks use customer service chatbots on their websites to answer questions, respond to common questions, and schedule appointments. Moreover, it is expected that more such services will be adopted soon. Therefore, the surge in demand for technological advancements in brokerage services is expected to drive the growth of the global property loan market during the forecast period.

Key Benefits of the Report

  • This study presents an analytical depiction of the global property loan market forecast along with the current trends and future estimations to determine the imminent investment pockets.        
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.         
  • The current market is quantitatively analyzed to highlight the global property loan market growth scenario.                   
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.         
  • The report provides a detailed property loan market analysis depending on the present and future competitive intensity of the market.

Questions Answered in the Property Loan Market Research Report

  • Which are the leading players active in the global property loan market?
  • What would be the detailed impact of COVID-19 on the global property loan market size?
  • What are current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the global property loan market share?
  • What are the projections for the future that would help in taking further strategic steps?

Property Loan Market Report Highlights

Aspects Details
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By Type
  • Land-Purchase Loan
  • Home-Purchase Loan
  • Home-Construction Loan
  • NRI-Home Loans
  • Others
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By Interest Rate
  • Fixed Rate
  • Floating Rate
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By Service Provider
  • Public Banks
  • Private Banks
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By Distribution Channel
  • Online
  • Offline
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By End-User
  • Individual
  • Businesses
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By Enterprise Size
  • Large Enterprise
  • Small & Medium Enterprises
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By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Citigroup Inc., HDFC Bank Ltd, HSBC Bank USA, State Bank of India, Morgan Stanley, Bank of America Corporation, JP Morgan Chase & Co, Wells Fargo, MetLife Services and Solutions LLC, Larsen & Toubro Infotech Limited

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Property Loan Market

Global Opportunity Analysis and Industry Forecast, 2023-2032