France Mortgage/Loan Brokers Market Market Size (2024 - 2029)

France Mortgage/Loan Brokers Market Analysis

The France Mortgage/Loan Brokers Market is expected to register a CAGR of greater than 4% during the forecast period(2024-2029).

Since fewer people were looking for loans during the COVID-19 era, which resulted in huge losses for many loan brokers, the COVID-19 pandemic had a negative impact on the growth of the French loan broker industry. Institutions' work can be put into one of three main groups: getting ready for the recovery, managing and stabilizing business risk, and dealing with volume surges.

Mortgage interest rates increased throughout the year 2022, going from a 50-year low of 1.05% in December 2021 to 2.5% in December 2022. By the end of 2023, rates are predicted to reach around 3.0% before reverting to 2.75%. A mortgage or loan broker is a person who works as a liaison between lenders who give loans and businesses that want to borrow money. Regardless of whether their client wants to fund a loan or start a new business, brokers look for the best financing rates and terms. To obtain loan approval, they haggle with lenders or explore other possibilities. A bank loan officer offers only one company's mortgage rates and services. A mortgage broker, on the other hand, works on behalf of a borrower to find the most advantageous lending options and/or the most affordable rates provided by several lenders.

Over the past three years, the French real estate market has benefited from more than just low borrowing rates. The French mortgage market has also contributed to a rise in the number of real estate deals. In France, repayment mortgages account for about 85% of all mortgages. The country's mortgage market was able to expand despite the 2007 financial crisis, the most recent Coronavirus Epidemic, and the Energy Crisis of 2022 due to the relative stability of fixed-rate mortgages. The National Institute for Statistical and Economic Research (INSEE) estimated that France had one of the largest mortgage markets in the world, with French mortgages accounting for 44% of France's GDP in 2022, up from 21% in 2000.

France Mortgage/Loan Brokers Industry Segmentation

A mortgage broker acts as a go-between for clients and lenders in the mortgage loan application process. They set up partnerships between mortgage lenders and borrowers without spending any of their own money. The France mortgage and loan brokers 

The France Mortgage/Loans Broker Market Is Segmented By Enterprise Size (Large, Small, And Medium-Sized), By Application (Home Loans, Commercial And Industrial Loans, Vehicle Loans, Loans To Governments, And Other Applications), And By End-User (Businesses And Individuals). The Market Sizes And Forecasts Are Provided In Terms Of Value (USD) For All The Above Segments.