Global equity release market projected to hit $52B by 2035
New survey found that North America is expected to account for much of the projected growth
The global equity release market is expected to reach $52 billion by 2035, according to a recent survey. This growth is significant, especially considering the current state of the market. Equity release, also known as home equity release, allows homeowners to access the equity in their properties without having to move. This can be particularly useful for seniors or those facing financial difficulties.
North America is expected to drive much of this growth, which is not surprising given the region's mature market and increasing demand for alternative sources of funding. The US and Canada have well-established equity release markets, and the trend towards aging populations and increased life expectancy is likely to continue driving demand. As lease professionals, it's essential to understand the implications of this growth on the property market, particularly in terms of how it may influence leasing trends and property values.
Looking ahead, it's crucial to watch how the equity release market evolves and its impact on the broader property sector. Key areas to monitor include regulatory changes, product innovations, and shifts in consumer behavior. As the market grows, we can expect to see new players enter the scene, and existing ones adapt their offerings to meet changing demands. For lease professionals, staying informed about these developments will be vital in navigating the changing landscape and identifying opportunities for growth and innovation.
Originally reported by housingwire.com. LeaseNews adds analysis for real estate & property readers.