afb in Immobilienfinanzierung (kreditwesen.de): Construction financing study: Banks must face up to digital competition
Kreditwesen.de reports on our study "Digital real estate financing", which deals with the question of whether banks are letting themselves be taken off the hook in this booming market.
The private Construction Financing market is booming. Even the pandemic has not been able to change this, quite the opposite: according to the Bundesbank, the loan portfolio of German institutions recently continued to rise significantly to a new record high of an incredible 1.4 trillion euros. At the same time, the market has been undergoing a dynamic process of change for years. Instead of being concluded in the branch of the house bank, loans for house builders are increasingly being concluded in the digital world. According to a forecast by bbw Research, in as little as five years, significantly more than one in two real estate loans will be arranged online, with Interhyp and Hypoport in particular having large market shares on the Internet.
So are the banks losing out in this booming market? This question is the subject of the "Digital Real Estate Financing" study, which asked 1000 people aged 18 and over about their preferences.
