Market Size of Japan Mortgage/Loan Brokers Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.20 Billion |
| Market Size (2029) | USD 6.30 Billion |
| CAGR (2024 - 2029) | 3.92 % |
| Fastest Growing Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Japan Mortgage/Loan Brokers Market Analysis
The Japan Mortgage/Loan Brokers Market size is estimated at USD 5.20 billion in 2024, and is expected to reach USD 6.30 billion by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).
The Japan’s mortgage loan broker market is a dynamic sector. Mortgage loan brokers in Japan have tremendous business opportunities, particularly in assisting first-time homebuyers and those looking to relocate or upgrade their residences.
The mortgage loan industry in Japan is undergoing a digital transformation. Brokers increasingly leverage technology to streamline processes, enhance customer experiences, and offer online mortgage application platforms. Moreover, regulatory changes are influencing the mortgage market.
Initiatives by the government to encourage responsible lending and protect consumer interests have affected the way mortgage loan brokers operate. Staying compliant with evolving regulations is a critical aspect of their business. In addition, the Japanese mortgage loan broker market has adapted to the situation to meet the changing needs of a growing and digitally savvy clientele. Trends such as digital transformation, diverse financing options, regulatory changes, customized solutions, and refinancing opportunities contribute to the market’s growth.
Japan Mortgage/Loan Brokers Industry Segmentation
A mortgage refers to any loan that pledges a piece of real estate as collateral, which could be associated with buildings or portions of land. In recent years with a low-level rate of interest existing in japan and continuously increasing real estate prices, many people are considering taking a loan through their properties. These mortgage loans consider up to 90% of the assessed value of home equity by a financial institution, with repayment ranging from 25%-30% of one's yearly income.
Japan's mortgage/loan brokers market is segmented by type of mortgage loan, mortgage loan terms, interest rate, and provider. By type, the market is sub-segmented into conventional mortgage loans, jumbo loans, government-insured mortgage loans, and other types of mortgage loans. By mortgage loan terms, the market is sub-segmented into 30-year mortgage, 20-year mortgage, 15-year mortgage, and other mortgage loan terms. By interest rate, the market is sub-segmented into fixed-rate mortgage loans and adjustable-rate mortgage loans. By provider, the market is sub-segmented into primary mortgage lenders and secondary mortgage lenders. The report offers market size and forecasts for Japan's mortgage/loan brokers market in value (USD) for all the above segments.
| By Type of Mortgage Loan | |
| Conventional Mortgage Loan | |
| Jumbo Loans | |
| Government-insured Mortgage Loans | |
| Other Types of Mortgage Loan |
| By Mortgage Loan terms | |
| 30- years Mortgage | |
| 20-year Mortgage | |
| 15-year Mortgage | |
| Other Mortgage Loan Terms |
| By Interest Rate | |
| Fixed-Rate | |
| Adjustable-Rate |
| By Provider | |
| Primary Mortgage Lender | |
| Secondary Mortgage Lender |
Japan Mortgage/Loan Brokers Market Size Summary
The Japan Mortgage/Loan Brokers Market is experiencing a period of growth and transformation, driven by digital advancements and regulatory changes. Brokers in this sector are capitalizing on opportunities to assist first-time homebuyers and those seeking to relocate or upgrade their homes. The industry is increasingly adopting technology to streamline processes and enhance customer experiences, with online mortgage application platforms becoming more prevalent. Regulatory changes aimed at promoting responsible lending and protecting consumers are shaping the operations of mortgage loan brokers, making compliance a critical aspect of their business. The market is also adapting to the needs of a digitally savvy clientele, with trends such as digital transformation, diverse financing options, and customized solutions contributing to its expansion.
The market's growth is further supported by the rising demand for real estate loans, driven by increased housing and real estate investments. Domestic investors have been actively acquiring real estate properties, while foreign investor interest has shown a continuous upward trend. The performance of the SME sector and government policies supporting small businesses play a significant role in the demand for business loans, with brokers facilitating these transactions. Large corporations also rely on brokers for financing mergers, acquisitions, and capital projects, influenced by economic conditions and market trends. Private financial institutions are playing a pivotal role in mortgage loans, with the Japan Housing Finance Agency leading as a public housing loan lender. Major banks and financial institutions are actively offering mortgage loans, contributing to the market's dynamic landscape.
Japan Mortgage/Loan Brokers Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in demand for Financial Home Loan Solutions
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1.2.2 Increased Accessibility to Loan Broker Services
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1.3 Market Restraints
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1.3.1 Lack of Risk Valuation Capabilities
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1.3.2 High level of Brokerage Service Charges and Commission
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1.4 Market Opportunities
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1.4.1 Fintechs Innovative products expanding the Market
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1.4.2 Partnership between fintech and traditional Banks
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Buyers
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1.5.2 Bargaining Power of Suppliers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights of Technology Innovations in the Market
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1.7 Insights on various regulatory landscape
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type of Mortgage Loan
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2.1.1 Conventional Mortgage Loan
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2.1.2 Jumbo Loans
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2.1.3 Government-insured Mortgage Loans
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2.1.4 Other Types of Mortgage Loan
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2.2 By Mortgage Loan terms
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2.2.1 30- years Mortgage
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2.2.2 20-year Mortgage
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2.2.3 15-year Mortgage
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2.2.4 Other Mortgage Loan Terms
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2.3 By Interest Rate
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2.3.1 Fixed-Rate
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2.3.2 Adjustable-Rate
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2.4 By Provider
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2.4.1 Primary Mortgage Lender
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2.4.2 Secondary Mortgage Lender
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Japan Mortgage/Loan Brokers Market Size FAQs
How big is the Japan Mortgage/Loan Brokers Market?
The Japan Mortgage/Loan Brokers Market size is expected to reach USD 5.20 billion in 2024 and grow at a CAGR of 3.92% to reach USD 6.30 billion by 2029.
What is the current Japan Mortgage/Loan Brokers Market size?
In 2024, the Japan Mortgage/Loan Brokers Market size is expected to reach USD 5.20 billion.
