Hypoport SE Reports Significant Growth in Q1 2024

Hypoport SE announced a substantial increase in its business volume for the first quarter of 2024, driven by gains in market share and overall market growth. The company experienced its first double-digit year-on-year increase in Europace transaction volumes since the downturn in the mortgage finance market. Notably, transactions involving cooperative banks and savings banks surged by 42% and 50%, respectively.

In the property financing sector, the platforms for the housing industry and property management recorded growths of 13% and 50%, respectively. Furthermore, the volume of premiums on the SMART INSUR insurance platform increased due to the continued transfer of insurance portfolios to this centralized system. However, certain areas such as VALUE AG's valuation volume and REM's financing for SMEs faced challenges due to difficult market conditions.

The Real Estate & Mortgage Platforms segment saw a 17% rise in processed mortgage finance transactions on Europace, reaching €15.1 billion. The insurance sector also showed positive trends, with a 12% increase in the portfolio volume on the SMART INSUR platform. Despite some market challenges, these results reflect significant progress after a period of slower growth.