Real Estate - Haiti

Haiti

The Real Estate market market in Haiti is anticipated to achieve a staggering value of US$670.70bn by the year 2025.
Within this market, Residential Real Estate holds a dominant position, projecting a market volume of US$614.80bn in the same year.
Moreover, it is expected that this segment will experience a compound annual growth rate (CAGR 2025-2029) of 7.90%, resulting in an impressive market volume of US$909.20bn by 2029.
When compared globally, 0 stands out as the country generating the highest value in the Real Estate market sector, reaching a whopping 0 in 2025.
Despite economic challenges, the real estate market in Haiti is witnessing a surge in demand for affordable housing options.

Key regions: United States, China, Japan, Germany, United Kingdom

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Analyst Opinion

The Real Estate market in Haiti has been experiencing significant development and growth in recent years.

Customer preferences: Customers in Haiti have shown a strong preference for residential properties, particularly those located in urban areas. This is due to the increasing urbanization in the country, with more people moving to cities in search of better job opportunities and improved living standards. Additionally, there is a growing demand for affordable housing, as many Haitians struggle with low incomes and limited access to credit. As a result, developers and investors have focused on building residential properties that cater to these needs.

Trends in the market: One of the key trends in the Haitian Real Estate market is the construction of gated communities and apartment complexes. These developments offer a range of amenities such as security, recreational facilities, and shared spaces, which are highly sought after by customers. The rise of gated communities can be attributed to the increasing concerns about safety and the desire for a sense of community among residents. Another trend in the market is the development of commercial properties, particularly in urban centers. With the growth of businesses and the expansion of the service sector, there is a growing demand for office spaces and retail outlets. Developers are capitalizing on this trend by constructing modern commercial buildings that meet the needs of businesses and attract customers.

Local special circumstances: Haiti is a country prone to natural disasters, such as hurricanes and earthquakes. This has had a significant impact on the Real Estate market, as it has led to the destruction of many properties and the displacement of residents. However, it has also created opportunities for developers to rebuild and invest in more resilient and sustainable infrastructure. The government has implemented regulations and building codes to ensure that new constructions are better equipped to withstand future disasters.

Underlying macroeconomic factors: The development of the Real Estate market in Haiti is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable incomes and consumer spending. This has created a favorable environment for the Real Estate sector, as more people are able to afford properties and invest in the market. Additionally, the government has implemented policies to attract foreign direct investment in the Real Estate sector. This has resulted in an influx of capital from international investors, leading to increased construction activity and the development of high-end properties. In conclusion, the Real Estate market in Haiti is experiencing significant growth and development, driven by customer preferences for residential and commercial properties. The rise of gated communities and the construction of modern commercial buildings are notable trends in the market. The local special circumstances, such as the vulnerability to natural disasters, have created both challenges and opportunities for the sector. Finally, underlying macroeconomic factors, such as economic growth and government policies, have contributed to the positive trajectory of the market.

Methodology

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.