PORTLAND, OR, UNITES STATES, July 6, 2023/EINPresswire.com/ — Real estate loan is a type of loan provided by banks or other financial institutions that help borrowers purchase home, land, office, or any other type of real estate property. In addition, real estate loans are rising in popularity among individuals and businesses for purchasing real estate properties by doing small down payments, which drives growth of the real estate loan market.
Furthermore, key factors that drive the market include growth in need to streamline real estate lending services and increase in need for money among businesses and individuals to purchase real estate. In addition, flexible period to repay the loan amount positively impacts growth of the market.
However, factors such as enforcement of strong rules by banks and financial institutions for providing loan services is expected to hamper the real estate loan market growth. On the contrary, rise in prices of real estate properties in China, Japan, and India and penetration of metropolitan cities across the globe are expected to offer remunerative opportunities for expansion of the market during the forecast period.
Real Estate Loan Market by Providers, End-Users and Property Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global real estate loan market size was valued at $7,968 billion in 2020, and is projected to reach $23,121 billion by 2030, growing at a CAGR of 11.3% from 2021 to 2030.
Loading…
Source: www.einnews.com
ENB
Sandstone Group
