Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in BRICS countries has been experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this positive trajectory. Customer preferences in the BRICS Real Estate market have shifted towards urbanization and modernization. As the middle class continues to expand in these countries, there is a growing demand for residential properties in urban areas. Customers are increasingly looking for properties that offer modern amenities and convenient access to transportation, schools, and healthcare facilities. Additionally, there is a rising interest in commercial real estate, as businesses seek to establish a presence in these fast-growing economies. Trends in the BRICS Real Estate market reflect the changing customer preferences. In Brazil, for example, there has been a surge in the development of mixed-use properties that combine residential, commercial, and retail spaces. This trend is driven by the desire for convenience and a more integrated lifestyle. In Russia, there has been a focus on the development of luxury properties in major cities, catering to the affluent segment of the population. In India, the market has seen a rise in the demand for affordable housing, driven by government initiatives and the need to address the housing shortage. China, on the other hand, has experienced a boom in the construction of high-rise buildings, fueled by rapid urbanization and population growth. Local special circumstances also play a role in the development of the Real Estate market in BRICS countries. In Brazil, for instance, the hosting of major sporting events such as the World Cup and the Olympics has led to increased investment in infrastructure and real estate development. In Russia, the government has implemented policies to attract foreign investors, resulting in a surge in the construction of commercial properties. India has witnessed the emergence of Real Estate Investment Trusts (REITs), which have provided a new avenue for investment in the sector. China, with its large population and rapid urbanization, has been focusing on the development of affordable housing and the creation of new cities. Underlying macroeconomic factors have also contributed to the growth of the BRICS Real Estate market. These countries have experienced robust economic growth, which has led to increased disposable income and improved living standards. Additionally, low interest rates and favorable government policies have made it easier for individuals and businesses to invest in real estate. Foreign direct investment has also played a significant role, as international investors recognize the potential for high returns in these emerging markets. In conclusion, the Real Estate market in BRICS countries is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for urbanization, modernization, and convenience is driving the market, while government initiatives and foreign investment are providing opportunities for further expansion. With continued economic growth and favorable market conditions, the BRICS Real Estate market is expected to continue its positive trajectory.
Data coverage:
Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
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