Despite a significant increase in the range of real estate on offer and a slight fall in prices, consumers held back in Hypoport’s main market, private real estate financing.
(Photo: Hypoport)
Berlin The financial service provider Hypoport, one of the largest players in private residential property financing, has suspended its annual targets due to weak demand. The company, which is listed in the SDax, announced on Thursday after the stock exchange closed in Berlin that the current forecast for the year will be “clearly missed”. It is not possible to predict whether the reluctance of consumers to finance private real estate will come to an end as the year progresses. The second half of the year has so far shown very weak demand.
For the third quarter, sales are expected to be slightly below the previous year’s level and balanced earnings before interest and taxes on a provisional basis. The share came under strong pressure on Tradegate with a discount of more than eight percent.
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