Authored By: Sarah
22 Jan 2025

Latest News- Home Equity Lending Market: Mortgage and credit union is expected to lead the Source segment during 2025-2029

The Home Equity Lending Market is being driven by Massive increase in home prices

The Home Equity Lending Market is expected to grow at a CAGR of 4.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 48155.3 million. The Indian housing sector has witnessed significant growth due to demographic trends such as an expanding population and the shift towards nuclear families, leading to a heightened demand for both residential and commercial spaces. The COVID-19 pandemic has further accelerated this trend with the increasing acceptance of remote work, driving a surge in demand for larger homes. According to estimates, there is currently a shortage of approximately 10 million housing units in urban areas, and this number is projected to reach 25 million by 2030. This presents a substantial opportunity for home equity lending institutions to cater to the affordable housing needs of India's growing urban population. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Massive increase in home prices
  • Benefits of home equity loan
  • Tax deductions for interest payments

However, the market also witnesses some limitations, which are as follows:

  • Lengthy procedures
  • Fear of losing property
  • Hefty closing costs

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Market Scope in Home Equity Lending Market Research Report

Market Scope

Report Coverage

Details

Page number

191

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 4.7%

Market growth 2025-2029

USD 48155.3 million

Market structure

Fragmented

YoY growth 2024-2025(%)

4.3

Key countries

US, China, Japan, Germany, France, UK, Australia, Canada, The Netherlands, and South Korea

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Home Equity Lending Market involves borrowing funds against the value of a residence, using the property as collateral. Monetary authorities monitor this market, implementing risk mitigation strategies to protect against inflation and housing price fluctuations. Borrowers can access funds for home improvements or debt consolidation, with loan values based on property equity. Interest rates vary, and tax deductions apply to interest payments. Banks and credit unions offer these loans, subject to regulatory restrictions and outstanding mortgage considerations. Homeowners can use the lump sum amount for various purposes, including high-interest debt repayment or residential space enhancements.

Market Research Overview

The Home Equity Lending Market is a significant segment within the larger specialized consumer services industry. This market encompasses the provision of loans secured against the value of a borrower's residential property. Collateral, in the form of housing space, plays a crucial role in risk mitigation strategies for lenders. The loan value is determined by housing prices, which can be influenced by monetary authorities and inflation. Interest rates also impact the market's dynamics. Providers of home equity lending services include residential services, home security services, and renovation and interior design services, among others. The report by Technavio quantifies the global home equity lending market size based on the revenue generated by these providers, excluding services classified under casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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