Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in CIS has been experiencing significant development and growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trend. Customer preferences in the CIS Real Estate market have been shifting towards urban areas. With increasing urbanization and population growth, there is a growing demand for residential and commercial properties in cities. Customers are looking for convenient locations with access to amenities such as schools, hospitals, and shopping centers. Additionally, there is a preference for modern and well-designed properties that offer a comfortable and luxurious living or working environment. Trends in the CIS Real Estate market reflect the changing customer preferences and the overall economic development of the region. The construction of new residential and commercial buildings has been on the rise, especially in major cities. Developers are focusing on creating modern and sustainable properties that meet the demands of the market. Additionally, there is a growing trend of mixed-use developments, where residential, commercial, and recreational spaces are integrated into a single project. This trend aims to create vibrant and self-sustaining communities that offer a high quality of life. Local special circumstances also play a role in the development of the CIS Real Estate market. One such circumstance is the availability of land. In some countries within the CIS region, there is still ample land available for development, allowing for the construction of large-scale projects. This availability of land presents opportunities for developers and investors to create new and innovative real estate projects. Underlying macroeconomic factors contribute to the growth of the CIS Real Estate market. Economic stability and growth in the region have attracted foreign direct investment, which has further fueled the development of the real estate sector. Additionally, favorable government policies and regulations have created a conducive environment for real estate investment and development. These factors, combined with the overall positive economic outlook of the region, have contributed to the growth of the CIS Real Estate market. In conclusion, the Real Estate market in CIS is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards urban areas, the construction of modern properties, the availability of land, and favorable economic conditions all contribute to this positive trend. As the region continues to develop and attract investment, the CIS Real Estate market is expected to further expand 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.
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