BERLIN (dpa-AFX) - The financial services provider Hypoport expects a further recovery in 2024 following the slump in real estate lending business. The recent fall in interest rates, slightly lower property prices and rising rents should motivate more families to buy their own homes, said CEO Ronald Slabke on Monday when presenting the first key figures for the fourth quarter. This trend is likely to continue in the current year. In the months from October to December, Hypoport's Europace platform brokered a larger volume of building loans, installment loans and home loan and savings contracts than in the same period last year for the first time since the start of the crisis.

In total, Europace brokered a volume of 15.48 billion euros in the fourth quarter, 0.4 percent more than a year earlier. Building loans even increased by 7.7 percent to 12.71 billion euros. In particular, business with savings banks and cooperative banks grew strongly. However, demand for home loan and savings contracts fell by almost 40 percent./stw/stk