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Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in Central Asia has been experiencing significant growth and development in recent years. Customer preferences in the region have been shifting towards urban living, with a growing demand for modern and well-designed residential properties. This can be attributed to the increasing urbanization and the rising middle class in Central Asian countries. Additionally, there is a growing interest in commercial real estate, as businesses are expanding and looking for office spaces in key cities. One of the trends in the market is the development of mixed-use projects that combine residential, commercial, and retail spaces. This trend is driven by the desire for convenience and accessibility, as people prefer to have everything they need within close proximity. These mixed-use projects also contribute to the revitalization of city centers, attracting both residents and businesses. Another trend in the market is the focus on sustainability and energy efficiency. Developers are incorporating green building practices and technologies into their projects to meet the increasing demand for environmentally-friendly properties. This trend is driven by both customer preferences for sustainable living and the growing awareness of the impact of buildings on the environment. Local special circumstances in Central Asia, such as government policies and regulations, can also influence the Real Estate market. Some countries in the region have implemented measures to attract foreign investment in the sector, such as offering tax incentives or simplifying bureaucratic procedures. These initiatives have contributed to the growth of the market and the influx of foreign developers. Underlying macroeconomic factors also play a role in the development of the Real Estate market in Central Asia. Economic growth and stability, as well as low interest rates, can stimulate demand for properties. Additionally, the availability of financing options, such as mortgages, can make it easier for individuals to purchase homes or invest in real estate. In conclusion, the Real Estate market in Central Asia is developing due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The region is experiencing a shift towards urban living, with a demand for modern and well-designed properties. Mixed-use projects and sustainability are also key trends in the market. Government policies and regulations, as well as macroeconomic factors, play a role in shaping the market. Overall, the Real Estate market in Central Asia is poised for continued growth and development in the coming years.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)