Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in EAEU is experiencing significant growth and development, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in the EAEU region have shown a strong preference for investing in real estate as a means of wealth preservation and long-term investment. This is due to the stability and potential for appreciation that real estate offers, especially in comparison to other investment options. Additionally, many customers in the region have a cultural preference for owning property, which further fuels the demand for real estate.
Trends in the market: One of the key trends in the EAEU real estate market is the increasing demand for residential properties. This is driven by several factors, including population growth, urbanization, and changing lifestyles. As more people move to urban areas and seek better living conditions, the demand for residential properties, such as apartments and houses, has been on the rise. Additionally, the trend of remote work and flexible working arrangements has also contributed to the demand for larger and more comfortable homes. Another trend in the market is the growing interest in commercial real estate, particularly in major cities. With the expansion of businesses and the increasing number of foreign investors in the region, there is a growing need for office spaces, retail outlets, and industrial properties. This trend is expected to continue as the EAEU region further integrates into the global economy and attracts more foreign investment.
Local special circumstances: The EAEU region is characterized by a diverse range of real estate markets, with each country having its own unique dynamics and characteristics. For example, some countries in the region have experienced rapid urbanization and infrastructure development, leading to increased demand for real estate in major cities. On the other hand, other countries may have a more rural and agricultural focus, with demand for properties in rural areas. Additionally, the EAEU region is also influenced by geopolitical factors, such as trade agreements and political stability. These factors can impact the attractiveness of the real estate market in each country, as they affect foreign investment and economic growth. Therefore, it is important to consider the local special circumstances when analyzing the real estate market in the EAEU region.
Underlying macroeconomic factors: The growth and development of the real estate market in the EAEU region are also supported by underlying macroeconomic factors. These include factors such as economic growth, low interest rates, and government policies. As the economies in the region continue to grow, there is an increase in disposable income and purchasing power, which drives the demand for real estate. Additionally, low interest rates make it more affordable for individuals and businesses to borrow money for real estate investments. Furthermore, government policies and initiatives, such as tax incentives and infrastructure development, play a crucial role in shaping the real estate market in the EAEU region. These policies can attract both domestic and foreign investors, stimulate economic growth, and create a favorable environment for real estate development. In conclusion, the Real Estate market in EAEU is experiencing growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The increasing demand for residential and commercial properties, along with the unique dynamics of each country in the region, contribute to the overall growth of the market. Additionally, underlying macroeconomic factors such as economic growth, low interest rates, and government policies further support the development of the real estate market in the EAEU region.
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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