France Loan Market To Be Dominated By Home Loan in the Forecast Period
Increase in online banking
and rising demands for home loans to fuel the growth of the loan market across
the country through 2028.
According to
TechSci Research report, “France Loan Market – By Region
Competition Forecast and Opportunities, 2018-2028F”, France loan market is anticipated to
project robust growth in the forecast period due to online banking, rising
demand for home loans, attractive marketing strategies, and increasing internet
penetration. The French
banking system is one of the most stable in the world. The French banking
system has achieved this level of stability due to two significant factors:
French banks have consistent loan performance. And the other one is French
banks have secured adequate capital and liquidity over the years.
France is one of
the world's most developed countries, with one of the best financial markets.
Today, France has over 400 banks, making it one of the biggest in the world.
Because France's banking system is robust, Moody's, a credit rating company,
has ranked it as one of the most stable countries in terms of credit quality. A
high degree of liquidity and the availability of continuous capital are two
more reasons for the banking system's strength. Generally, the country's finest
banks often offer deposit, investment, and loan services.
French mortgages
have specific unique characteristics that appeal to foreign home purchasers.
Mortgage rates for residential property in France are typically lower than
those in the United Kingdom and Ireland. So, with a domestic market
well-positioned to capitalize on historically low borrowing rates and stagnant
home prices in France exhibiting indications of recovery, there is reason to be
optimistic about a prolonged rise in house prices in France.
Despite banks'
expectations for a slight net fall in the previous quarter, firms' net demand
for loans increased in the third quarter of 2022. Firms' financing needs for
working capital and stocks continued to fuel loan demand in the setting of
increased production costs, expanding inventories due to a slowdown in order,
and possible preventive behavior in the face of supply shortages.
House prices in
France increased by 5.9% in 2021 (with the average price for houses increasing
by 6.4% and apartments rising by 5.0%). The number of house sales and housing
sale transactions in France set a new high in 2021, with over 1,130,000 houses.
Browse over xx market data
Figures spread through xx Pages and an in-depth TOC on the " France Loan Market".
The
France Loan Market is segmented based on type, provider type, interest rate,
tenure period, region, and competitional landscape.
The
France Loan Market is divided into secured or unsecured based on type. Secured
loans need collateral as security in the form of tangible or intangible assets
such as FDs, property, and so on. The interest rates on these types of loans
are typically cheaper. Unlike secured loans, unsecured loans do not require
collateral or security. Furthermore, these loans will generally have a higher
interest rate. NBFCs and other private banks offer unsecured loans. Housing
Loan, which comes under the secured loan, is more in demand in France.
Based
on provider type, the market is divided into the bank, non-banking financial
companies, and others (fintech companies). In France, the FinTech business has
experienced a tremendous economic surge in recent years. Digital payments are
becoming more common in France as more people take advantage of the benefits of
this method of payment.
Additionally,
the market is divided into fixed and floating, based on interest rates. Based
on the tenure period, the market is divided into less than five years, 5-10
years, 11-20 years, and more than 20 years. Based on region, the market is
divided into England, Scotland, Wales, and Northern Ireland.
Key market players in the France
Loan Market include:
- BNP Paribas
Group
- Crédit Agricole
Group
- Societe
Generale Group
- Groupe BPCE
- AXA BANQUE
- Crédit Mutuel
group
- La Banque
Postale Group
- Crédit du Nord
- Banque de
France
- Dexia Group
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"Increasing
online banking channels and using chatbots with AI features is a significant
trend expected to impact growth over the forecasted period. Rising demand for
home loans, increasing digitalization, and low-interest rates are the leading
factors that will positively impact the France Loan Market. Due to the wide
range of Loans available online to meet the specific needs of customers and the
growing popularity of the internet channel, the market is growing.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
France
Loan Market, By Type (Secured Loan and Unsecured Loan), By Provider
Type (Bank, Non-Banking Financial Companies and Others (Fintech Companies)), By
Interest Rate (Fixed and Floating), By Tenure Period (Less than 5 Years, 5-10
Years, 11-20 Years, More than 20 Years), By Region, Competition, Forecast &
Opportunities, 2028F, has evaluated the future growth potential of Loan
products and provides statistics and information on
market structure, size, share, and future growth. The report is intended to
provide cutting-edge market intelligence and help decision-makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in Loan products in France.
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