BERLIN (dpa-AFX) - The financial services provider Hypoport is benefiting from an upturn in real estate finance and gains in market share. The financing volume processed via the Europace platform climbed by 28 percent to 16.09 billion euros in the second quarter, the SDax-listed company announced in Berlin on Wednesday. In the first half of the year, the volume amounted to 31.22 billion euros, an increase of 22 percent compared to the previous year. Business with the savings banks and cooperative banks grew particularly strongly. The news was well received on the stock market.

Hypoport's shares gained almost one percent to 312 euros in morning trading and were among the stronger stocks in the small-cap index SDax. Since the turn of the year, the share has thus gained more than three quarters in value. Since the interim low in October, the share price has more than tripled. However, the share is still a long way from its record price of more than 600 euros in 2021.

Demand is particularly strong for real estate financing for existing properties. The company attributed this to the fall in interest rates compared to 2023, slightly rising real estate prices and a gradual deterioration in rental supply. The credit volume for new construction remains low due to the continued very high construction costs, it said. The same applies to borrowing for energy-efficient renovations and the refinancing of expiring loans.

The company plans to present its full balance sheet for the first half of the year on August 12./mne/men/mis