Home loan market to more than double in next five years: Nomura

Nomura's analysis highlights a convergence of multiple factors expected to shape the housing loan landscape positively. Firstly, the advantageous demographic dividend and rising income levels are set to drive increased demand for housing finance. Secondly, the acute shortage of housing units, exacerbated by rapid urbanization, presents a compelling case for the expansion of housing loan penetration. Additionally, the government's concerted efforts to promote affordable housing through various schemes further bolster the outlook for the housing finance sector.

Given these dynamics, Nomura anticipates a gradual uptick in housing loan penetration. The synergy of a growing population, improving economic conditions, and policy support for affordable housing solutions creates a conducive environment for sustained growth in this sector. This optimistic outlook suggests that the housing loan market is poised for continued advancement, with increasing accessibility and uptake expected in the coming years.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.