Fintech PR
Philippines Home Finance Market Booms: Unlocking a $141.2 Billion Opportunity by 2027: Ken Research
GURUGRAM, India, Feb. 14, 2024 /PRNewswire/ — The Philippines’ home finance market is experiencing a surge, fueled by a growing economy, rising urbanization, and a strong desire for homeownership. Ken Research’s “Philippines Home Finance Market Outlook to 2027″ report predicts a steady 3.7% CAGR, translating to a staggering $141.2 billion market size by 2027. This press release unlocks the key drivers, challenges, and exciting prospects waiting to be explored in this dynamic sphere.
Market Overview: Building Dreams, Brick by Brick
Beyond facilitating homeownership, the Philippines’ home finance market plays a crucial role in stimulating economic growth, fostering financial inclusion, and empowering Filipinos to achieve their dream homes. In 2022, the market reached a size of $107.2 billion, and it’s poised for continued expansion, driven by:
- Economic Boom: The Philippines’ robust economic growth, fueled by infrastructure development and a young workforce, is increasing disposable income and driving demand for housing.
- Urbanization & Housing Gap: Rapid urbanization is creating a significant housing gap, particularly in major cities, leading to increased demand for financing solutions.
- Government Initiatives: Programs like the Pag-IBIG Fund and the National Housing Authority support homeownership, making it more accessible for Filipinos.
- Favorable Demographics: A young and growing population with aspirations for homeownership presents a large potential customer base for the market.
Interested to Know More about this Report, Request a Free Sample Report
Market Segmentation: Catering to Diverse Needs
The report delves into the various segments of the Philippines’ home finance market, offering a comprehensive view:
- Loan Type: Mortgage loans dominate the market (80%), followed by home improvement loans (15%) and land acquisition loans (5%).
- Loan Provider: Banks hold the largest share (60%), followed by government agencies (25%) and private non-bank lenders (15%).
- Borrower Type: First-time homebuyers are the key driver (55%), followed by existing homeowners seeking refinancing or renovation loans (45%).
Competitive Landscape: A Collaborative Arena
The market features a blend of established players, government agencies, and innovative fintech companies, fostering collaboration:
- Banking Giants: BDO Unibank, BPI, and Metrobank hold significant market share with their extensive networks and diverse loan products.
- Government Champions: Pag-IBIG Fund and the National Housing Authority play a crucial role in providing affordable housing solutions.
- Emerging Fintech Players: Startups like East West Bank’s CoVault and online lending platforms like Union Bank’s iProperty offer innovative solutions and cater to specific segments.
Challenges: Building a Stronger Foundation
Despite the promising outlook, some challenges need to be addressed:
- High Interest Rates: Relatively high interest rates can deter potential borrowers, particularly those with lower incomes.
- Limited Access to Formal Finance: Many Filipinos lack access to formal financial services, hindering their ability to secure home loans.
- Complex Documentation: The loan application process can be lengthy and cumbersome, discouraging some borrowers.
- Infrastructure Gaps: Limited infrastructure in certain areas can pose challenges for developers and impact property values.
Future Outlook: A Brighter Horizon for Homeownership
The Philippines’ home finance market is poised for continued growth, driven by several exciting factors:
- Technological Advancements: Adoption of AI, blockchain, and big data analytics will enhance risk assessment, personalize loan offerings, and streamline processes.
- Focus on Financial Inclusion: Government and private initiatives will aim to expand access to affordable housing finance for underserved segments.
- Sustainable Practices: Green building initiatives and eco-friendly financing options will gain traction, attracting environmentally conscious borrowers.
- Collaborations & Partnerships: Strategic partnerships between banks, fintech companies, and developers will foster innovation and expand market reach.
Visit this Link :- Request for custom report
Key Takeaways for Stakeholders:
This report offers valuable insights for various stakeholders in the Philippines’ home finance market, including:
- Home Finance Providers: Identifying high-growth segments, adopting innovative technologies, offering competitive rates and flexible loan terms, and streamlining application processes.
- Investors: Understanding market trends, assessing investment opportunities in promising segments like fintech and green financing solutions.
- Policymakers: Formulating policies that promote financial inclusion, support infrastructure development, and encourage responsible lending practices.
- Homebuyers: Gaining insights into the diverse range of home finance options available, choosing the right lender and loan type based on their needs, and ensuring financial preparedness before applying.
Conclusion:
The Philippines’ home finance market is ripe for growth, offering exciting opportunities for businesses, investors, and policymakers. By embracing innovation, collaborating effectively, and prioritizing financial inclusion, stakeholders can contribute to a future where homeownership
Request free 30 minutes analyst call
Taxonomy
Philippines Home Finance Market Segmentation
By Category of Lenders
Banks
NBFC’s
Captive Financing Companies
By type of Loans
Land Purchase Loan
Home Purchase Loan
Home Construction Loan
Home Extension Loan
Others
By Region
Luzon
Visayas
Mindanao
By Loan Tenure
Up to 10 years
10-15 years
15-20 years and above
Mode of Transaction
Offline
Online
By Types of Housing by Banks
Single Detached
Condominium
Townhouses
Duplex
For More Insights On Market Intelligence, Refer To The Link Below: –
Philippines Home Finance Market
Related Reports by Ken Research: –
The Indonesia Auto Finance market witnessed substantial growth from USD 19.219 Bn in 2022 to USD 36.838 Bn in 2022. The market reported a CAGR of 2% during the forecast period of 2022-2026. Increasing Population, growing income levels and recovery of the economy post Covid is leading to a rise in sales of vehicles which is expected to drive the rise in Auto Outstanding Loans in Indonesia has a large population base, 60% of whom are under 30 years old, and a steady rate of population growth averaging 0.8% annually gives the market a strong long-term potential.
The market will grow at a CAGR of 16.6% during 2022-2027 due to high growth in online loan aggregator players. Major investments in petrochemicals, manufacturing, & logistics will uplift the need for lubricants in machinery, processing plants & transportation fleets. Globally, the financial sector including Saudi Arabia, has been undergoing digital transformation. This includes the adoption of online and mobile banking services.
The market is expected to grow at a CAGR of 12.1% during 2022-2027. The rise of per capita disposable income by 7.4% from previous year and further expected rise is likely to represent a potential opportunity for industry. Technological advancements from online loan aggregators is expected to provide a boost in the market’s growth due to increased efficiency in operations, scalability and marketing.
US Loan Servicing Market is expected to show increasing and is expected to grow at a CAGR of 13% from 2022 to 2028 with increased digital transformation practices, increasing fintech startups, population growth and urbanization. The market’s growth will be fueled by factors such as constant increase in digital transformation practices, coupled with rapid growth of fintech startups, population growth and urbanization, and adoption of cloud computing model.
Follow Us –
LinkedIn | Instagram | Facebook | Twitter | YouTube
Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
[email protected]
+91-9015378249
Logo: https://mma.prnewswire.com/media/1954972/3782349/Ken_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/philippines-home-finance-market-booms-unlocking-a-141-2-billion-opportunity-by-2027-ken-research-302061680.html
VILNIUS, Lithuania, Nov. 28, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is pleased to announce its partnership with SafePal, a next-generation non-custodial crypto wallet suite. SafePal, known for its unique hybrid approach to empowering DeFi and CeFi over a hundred blockchains, joins forces with BingX to enhance liquidity, elevate user experience, and expand access to innovative blockchain services for traders worldwide. This collaboration also marks a significant advancement in the BingX Global Broker Program, reinforcing its commitment to building a more interconnected and efficient trading ecosystem.
Vivien Lin, Chief Product Officer of BingX, expressed enthusiasm for this development: “SafePal will serve as an independent broker under the BingX Exchange Broker Program, indicating our rapid adoption and growth. Our partnership with SafePal is a pivotal step in reshaping how users access liquidity and seamless trading experiences. By integrating BingX’s advanced liquidity solutions with SafePal’s wallet ecosystem, we’re setting a new standard for broker integration and empowering users with unparalleled tools for trading success.”
This integration brings enhanced open API functionalities for spot, contract, and strategic trading, along with upgraded financial products. By merging BingX’s liquidity expertise with SafePal’s decentralized platform, the partnership delivers an elevated trading experience for users. It reflects BingX’s commitment to fostering broker collaborations while expanding its ecosystem. Additionally, the move underscores BingX’s forward-looking strategy to strengthen partnerships and broaden its impact within the broker ecosystem.
The BingX Global Broker Program has played a key role in building global partnerships and enhancing accessibility to cryptocurrency trading. By consistently delivering exceptional value to its users and broker partners, BingX has solidified its reputation as an industry leader. With the program’s latest upgrades and strategic collaborations like the partnership with SafePal, BingX is shaping a more interconnected, efficient, and user-focused cryptocurrency trading ecosystem. As part of its vision, BingX welcomes more broker platforms to join its efforts in driving innovation and advancing the future of decentralized finance.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
Photo – https://mma.prnewswire.com/media/2569353/BingX_Partnership_with_SafePal1200x675_copy_2x.jpg
Logo – https://mma.prnewswire.com/media/2310183/BingX_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bingx-partners-with-safepal-to-enhance-liquidity-and-crypto-trading-accessibility-302318320.html
Fintech PR
YunoJuno Recognised as Best International Contractor Provider, Revolutionising Global Freelance Management
LONDON, Nov. 28, 2024 /PRNewswire/ — YunoJuno, the innovative platform transforming how businesses compliantly source, manage and pay a global contractor workforce, has been awarded the prestigious title of Best International Contractor Provider at the annual Contracting Awards in London, solidifying its position as a global leader in contractor workforce management solutions.
The award comes at a critical time when businesses are increasingly relying on flexible, global talent to drive innovation and maintain competitive advantage. YunoJuno’s comprehensive platform has distinguished itself by offering a seamless, end-to-end solution that simplifies the complex processes of finding, hiring, managing, and paying contractors across international borders.
“This recognition underscores our commitment to revolutionising how companies connect with contractor talent worldwide,” said Runar Reistrup, CEO of YunoJuno. “Our commitment to providing a seamless, compliant, global hiring experience that helps businesses deliver quality and agility beyond geographical boundaries has been key to this achievement.”
YunoJuno platform’s core solutions include:
– All-in-one Freelancer Management System (FMS) to source, onboard, manage and pay a global workforce
– Unrivalled Global Talent Marketplace: Access to on-demand skills from a diverse pool of pre-vetted, high-quality freelance professionals
– Integrated Global Payment Solutions: Simplified international payments with support for multiple currencies
– Built-in Global Compliance and Risk Management: Robust systems ensuring legal and financial compliance across different international jurisdictions
Driven by the mission to unlock the true potential of flexible talent, YunoJuno has emerged as a pivotal player in the contractor management ecosystem, aligning HR, Talent, Procurement and Finance teams. The platform serves a wide range of industries, from technology and creative sectors to consulting and digital marketing, enabling companies of all sizes to build flexible, future-fit, high-performance teams.
“Winning this award is not just a milestone for YunoJuno, but a testament to the evolving nature of the future of work,” added Joao Martires, Chief Operating Officer at YunoJuno leading global expansion. “We’re witnessing a global shift towards more flexible, skills-focused, project-based employment and our platform is at the forefront of this transformation.”
The award highlights YunoJuno’s significant achievements in addressing the growing challenges of international freelance workforce management. With businesses increasingly adopting remote and hybrid work models, platforms like YunoJuno are becoming essential tools for organisations looking to boost their competitive advantage and respond with agility to changing economic conditions.
The platform’s success is backed by its ability to solve critical pain points for both businesses and freelancers. Companies gain access to global talent without the administrative complexities and risk, while freelancers benefit from a transparent, fair, and efficient marketplace.
Looking forward, YunoJuno plans to continue investing in human-led technological innovations, expanding its global talent network, and enhancing its platform’s capabilities to meet the evolving needs of the modern workforce.
For media inquiries or further information about YunoJuno’s award,
please contact:
Katey-Rose Gregory
Content Marketing Lead at YunoJuno
[email protected]
About YunoJuno:
YunoJuno is the all-in-one solution to find, hire, manage and pay contractors and freelancers globally. Built as a Freelancer Management System with direct sourcing included and plug-in options, YunoJuno takes the work and risk out of working with contractors.
Combining a Freelance Management System with an elite marketplace of 100,000+ industry vetted contractors and an on-hand delivery team, YunoJuno helps reduce costs, hiring times and protect against misclassification. With integrated tools and automation, businesses can now accurately classify workers quickly, compliantly and on a global scale.
View original content:https://www.prnewswire.co.uk/news-releases/yunojuno-recognised-as-best-international-contractor-provider-revolutionising-global-freelance-management-302318274.html
LONDON, Nov. 28, 2024 /PRNewswire/ — Mergermarket, an ION Analytics service, hosted the 2024 European M&A Awards on 27 November in London, celebrating excellence in the mergers and acquisitions landscape. This year’s event featured 147 firms shortlisted across 49 categories, showcasing the region’s exceptional talent.
The awards recognize standout advisory achievements on complex deals — with entries evaluated using Mergermarket’s industry-leading data to highlight excellence across the investment arena. With only one winner per category and categories spanning multiple deal sizes — from small-cap to large-cap private equity — these awards set industry benchmarks that inspire confidence in the sector.
The event was attended by 250 senior leaders representing firms across finance, law, and advisory services. This year’s awards highlight Europe’s resilient M&A market and celebrate landmark transactions, providing insight into how leading firms are adapting to economic challenges.
John West, Head of Europe, Mergermarket, said, “The awards showcase the true grit of the European M&A community in driving growth amid the shifting sands of the financing and regulatory environment. European M&A year-to-date stands at EUR 665 billion, up 21% since 2023. Key drivers have been the UK, where total deal values are up 72%, and private equity buyouts and exits rose 30%. With big money on the table for landmark deals such as FiberCop, Adevinta, Darktrace, Royal Mail owner IDS, and many more, it’s clear the European M&A investment banking, advisory, legal, and private equity industries have been on the front foot to deliver for clients and investors.”
The winners are:
|
Legal adviser: Financial adviser: |
||||
|
European M&A |
Freshfields |
European M&A |
Goldman Sachs |
|
|
European Mid-Market M&A |
Latham & Watkins |
European Mid-Market M&A |
Rothschild & Co |
|
|
European Private Equity |
Kirkland & Ellis |
European Private Equity |
Goldman Sachs |
|
|
Austria |
Schoenherr |
Austria |
Deloitte |
|
|
Baltics |
Ellex |
Baltics |
Superia |
|
|
Benelux |
Linklaters |
Benelux |
Morgan Stanley |
|
|
CEE |
CMS |
CEE |
Goldman Sachs |
|
|
Denmark |
Gorrissen Federspiel |
Denmark |
Citi |
|
|
Finland |
Krogerus |
Finland |
Carnegie |
|
|
France |
Weil, Gotshal & Manges |
France |
BNP Paribas |
|
|
Germany |
CMS |
Germany |
Morgan Stanley |
|
|
Ireland |
Arthur Cox |
Ireland |
Rothschild & Co |
|
|
Israel |
Goldfarb Gross Seligman |
Israel |
Bank of America |
|
|
Italy |
Gianni & Origoni |
Italy |
Mediobanca |
|
|
MENA |
Freshfields |
MENA |
Rothschild & Co |
|
|
Norway |
Wiersholm |
Norway |
ABG Sundal Collier |
|
|
Iberia |
Garrigues |
Iberia |
Deloitte |
|
|
Sweden |
Vinge |
Sweden |
Carnegie |
|
|
Switzerland |
Baer & Karrer |
Switzerland |
UBS |
|
|
Turkey |
Ozmen Yalcin |
Turkey |
UNLU & Co |
|
|
United Kingdom |
Latham & Watkins |
United Kingdom |
JP Morgan |
|
|
Accountancy |
|
|
Due Diligence Firm |
EY |
|
Tax Advisory Firm |
EY |
|
Private Equity |
|
|
European Large-Cap (entry value range $500 million+) |
Permira |
|
European Upper Mid-Market (entry value range $250-500 million) |
Ardian |
|
European Lower Mid-Market (entry value range $50-250 million) |
Eurazeo |
|
European Small-Cap (entry value range $0-50 million) |
BGF |
|
Deal of the year |
|
Adevinta (Blackstone and Permira) |
About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/
About ION Analytics
ION Analytics delivers personalized, targeted data and market intelligence to banks, investors, and corporates, helping clients find opportunities and drive better decisions in markets ranging from equities and fixed income to infrastructure and private equity. For more information, visit https://iongroup.com/analytics/
About Mergermarket
Mergermarket is the premier global proprietary M&A intelligence, data, and predictive analytics provider. With access to coverage of 1.4 million companies, almost 3,000 sponsors, and powered by 300 journalists and analysts globally, we bring transformative M&A insight and a competitive edge to capital markets professionals, shaping the future of M&A. For more information, visit https://info.mergermarket.com/
All product and company names herein may be trademarks of their registered owners.
Logo – https://mma.prnewswire.com/media/2433150/ION_Analytics_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/mergermarket-unveils-2024-european-ma-awards-winners-302317988.html
-
Fintech7 days agoFintech Pulse: Daily Industry Brief – A Dive into Today’s Emerging Trends and Innovations
-
Fintech PR6 days agoAlkira Ranked 25th Fastest-Growing Company in North America and 6th in the Bay Area on the 2024 Deloitte Technology Fast 500™
-
Fintech PR6 days agoCorinex Ranked Number 331 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™
-
Fintech2 days agoFintech Pulse: A Daily Dive into Industry Innovations and Developments
-
Fintech PR6 days agoCathay Financial Holdings Advances Climate Finance Leadership at COP29, Championing Public-Private Partnerships and Asia’s Low-Carbon Transition
-
Fintech PR6 days agoROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q3 2024
-
Fintech PR6 days agoRedefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore
-
Fintech PR7 days agoCritical Metals Surge Opens Prime Opportunity for Mining Investors