The global housing finance market revenue was around US$ 4,522.70 billion in 2021 and is estimated to reach US$ 34,299.80 billion by 2031, growing at a compound annual growth rate (CAGR) of 22.3% during the forecast period from 2022 to 2031.

Housing financing is a kind of loan service that gives consumers money to buy new properties like homes or lots of lands. It makes it easier for people and corporations to buy real estate without having to pay the entire purchase price upfront. Up to a specified number of years, the borrower repays the principal and interest on the loan.

Factors Influencing Market Growth

Rising consumer demand for more efficient house loan services and rising company and individual borrowing needs fuel the housing finance market.

Flexible terms for repaying the loan's balance have a good effect on the market's expansion.

Rising housing costs in developing nations and the emergence of major cities worldwide are anticipated to create lucrative opportunities in the housing finance market.

The execution of strict standards by banks and financial organizations for providing loans hamper the housing finance market.

Study of the COVID-19 Pandemic

COVID-19 pandemic had a negative impact on the housing finance market due to the government's enacted lockdowns, which resulted in significant job losses and unemployment everywhere. Because they were quarantined and their source of income was cut off, people were unable to meet their basic needs. Due to their inability to pay their rent due to unemployment, the majority of renters were compelled to relocate to their hometown or to a rural area. Thus, it becomes challenging for the property owners to pay back their loans. Additionally, no one was prepared to choose home mortgages, loans, or other services related to the housing finance market overview. So, during COVID-19, there was a decrease in the demand for housing finance services.

Regional Insights

North America experienced the fastest growth due to an increase in the use of digital lending platforms by banking and financial services to enhance financing services, which is thought to be a key driver of market expansion in this sector. The housing finance market in this region is also expected to develop due to an increase in the implementation of new technologies like e-signatures, machine learning, artificial intelligence (AI), and advanced analytics by organizations that provide house finance services.

Leading Competitors
The leading competitors in the global housing finance market are:
Bank of America Corporation
Charles Schwab & Co
Citigroup
Credit Suisse
Dewan Housing Finance Corporation Limited
Goldman Sachs
HSBC Group
JPMorgan Chase & Co
LIC Housing Finance Limited
Lloyd's Banking Group
Morgan Stanley
Royal Bank of Canada
The Royal Bank of Scotland Plc
UBS
Wells Fargo
Others
Segmentation Analysis
The global housing finance market segmentation focuses on Application, Providers, and Region.
Segmentation based on Application
Home Purchase
Refinance
Home Improvement
Other Purpose

Segmentation based on Providers
Banks
Housing Finance Companies
Real Estate Agents
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America