The mortgage brokers distribute 25% of loans

On the initiative of Cafpi will be presented next week a study revealed that while the number of property transactions has fallen dramatically during the 2nd half of 2008 and 1st semester 2009, partly due to the reluctance of banks to extend credit , real estate brokers have not only maintained their positions but have now strengthened to ensure 25% of the distribution of mortgage in France. According Meilleurtaux.com online broker, brokerage French could see its market share to double in coming years. "The banks have less monopoly of knowledge: in a loss of confidence vis-à-vis credit institutions, individuals are seeking advice and expertise in quality from third parties, which leads to further consult a broker, "explains Sandrine ALLONIA, head of economic research Meilleurtaux.com.

The share of mortgage intermediary should progress in coming years on the French market as was the case in the United Kingdom where 66% of credits are entered via a broker. "If 15% of French say they have applied for a broker to purchase their mortgage payments in the last three years, they are 35% consider it to be used within three years. In this context, the market share of brokerage should be around 25% in late 2010 and grow further in years to come, "Nicolas Lioliakis analysis, partner at Bain & Company. "The market share of Meilleurtaux.com increased from 0.64% to 2.65% last five years. It could rise to 2.75% this year, although the total amount of credits granted by banks has suffered a major blow to brake, "said Christian Camus, CEO of Meilleurtaux.com.