The financial services provider Hypoport signals optimism and expects a remarkable recovery in the real estate financing sector for the year 2024. After a challenging year 2023, in which revenues fell by more than a fifth to 360 million euros, the company forecasts a significant improvement. The preliminary figures for the past year are within the company's forecasts, which were revised downward in the fall.

For the current year, Hypoport forecasts double-digit percentage revenue growth, which is expected to reach the mark of at least 400 million euros. This positive development is "dependent on the further normalization of the private real estate financing market over the course of the year".

Despite the 45 Percent Decline in Operating Profit to Approximately 13 Million Euros in 2023, the Company Remains Confident in Achieving a Pre-Tax Profit (EBIT) of Between 10 and 20 Million Euros in 2024.

The stock price of Hypoport responded positively to these announcements and recorded an increase. Additionally, the company is likely to report a slight improvement from the previous year with a net profit of 20 million euros, due to one-time tax effects. Further details on the financial results and outlooks are expected on March 11.

The positive outlook for Hypoport is supported by recent developments in the real estate market. In January, the company reported that the decline in interest rates, slightly lower property prices, and rising rents could motivate more families to purchase residential property.

These trends, which have already led to an increase in the volume of brokerage for construction loans, installment loans, and home savings contracts on the Hypoport platform Europace in the fourth quarter of 2023, are expected to continue in the current year, thereby further boosting business. The rise in Hypoport's stock price on the XETRA exchange by 1.68 percent to 188.10 euros reflects the increased confidence of investors in the company's recovery and growth potential.