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Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in Eastern Europe is experiencing significant growth and development in recent years. Customer preferences, along with local special circumstances and underlying macroeconomic factors, have contributed to the trends in this market. Customer preferences in Eastern Europe have shifted towards real estate investment due to several factors. Firstly, the region offers relatively affordable property prices compared to other parts of Europe. This affordability has attracted both local and international investors looking for opportunities to enter the market. Additionally, Eastern Europe is known for its rich cultural heritage and picturesque landscapes, making it an attractive destination for those seeking holiday homes or second residences. Trends in the market indicate a growing demand for residential properties in Eastern Europe. The region has witnessed an increase in urbanization, with more people moving to cities for better job opportunities and improved living standards. This has led to a surge in demand for apartments and houses in urban areas. Additionally, the rise of remote work and digital nomadism has also contributed to the demand for properties in Eastern Europe, as individuals seek affordable and well-connected locations to work and live. Local special circumstances in Eastern Europe have further fueled the growth of the Real Estate market. Many countries in the region have implemented favorable policies and incentives to attract foreign investors. These include tax benefits, residency programs, and simplified procedures for property acquisition. Such initiatives have encouraged both individuals and businesses to invest in the Eastern European real estate market, leading to increased construction activities and property development. Underlying macroeconomic factors have also played a significant role in the development of the Real Estate market in Eastern Europe. The region has experienced stable economic growth in recent years, with increasing GDP and improving business environments. This has boosted consumer confidence and purchasing power, driving the demand for real estate. Additionally, low interest rates and easy access to financing have made it more feasible for individuals and businesses to invest in properties, further stimulating the market. In conclusion, the Real Estate market in Eastern Europe is witnessing significant growth and development due to customer preferences, local special circumstances, and underlying macroeconomic factors. The affordability of properties, along with the region's cultural heritage and picturesque landscapes, has attracted both local and international investors. The growing demand for residential properties, fueled by urbanization and remote work trends, has further contributed to the market's expansion. Favorable policies and incentives, coupled with stable economic growth and low interest rates, have made Eastern Europe an attractive destination for real estate investment.
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)