Real Estate - Kyrgyzstan | Statista Market Forecast

The projected value of the Real Estate market market in Kyrgyzstan is expected to reach US$125.30bn in 2024.
However, Residential Real Estate dominates the market with a projected market volume of US$111.00bn in the same year.
This indicates a strong focus on the residential sector within the Real Estate market market in Kyrgyzstan.
Looking ahead, the market is anticipated to experience an annual growth rate (CAGR 2024-2029) of 7.60%, resulting in a market volume of US$180.70bn by 2029.
This projected growth indicates the potential for further development and expansion within the Real Estate market sector in Kyrgyzstan.
In global comparison, it is important to note that United States is expected to generate the highest value in the Real Estate market market, reaching a staggering US$132.0tn in 2024.
This highlights the significant role that United States plays in the global Real Estate market industry.
The real estate market in Kyrgyzstan is experiencing a surge in demand due to increased foreign investment and government initiatives to promote economic growth.

Definition:

The real estate market refers to the transaction of properties, including residential properties (such as houses and apartments) and commercial properties, such as office buildings and industrial properties. Apart from property sales, this market includes leases and the value of real estate.

Structure:

The real estate market comprises residential and commercial real estate. The residential real estate market covers real estate transactions and leases, and residential real estate leases are divided into apartment and house leases.

Additional information:

The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and real estate renters as well.

Residential real estate (houses and apartments)
Commercial real estate (office buildings, retail spaces, warehouses, industrial properties)

Real estate agencies
Construction companies
Accommodation services, such as Airbnb
Commercial real estate leases and transactions
Publicly owned buildings used by the local government
Buildings used for public health care services

The Real Estate market in Kyrgyzstan has been steadily developing over the past few years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Kyrgyzstan Real Estate market have been shaped by the increasing urbanization and growing middle class in the country. As more people move to urban areas in search of better job opportunities and improved living standards, there is a rising demand for residential properties. Additionally, there is a growing interest in commercial properties as businesses expand and new ventures are launched. Trends in the Kyrgyzstan Real Estate market reflect the changing dynamics of the country's economy. One notable trend is the increasing popularity of apartment living, particularly in urban areas. This can be attributed to factors such as affordability, convenience, and the desire for a modern lifestyle. As a result, there has been a surge in the construction of apartment complexes and high-rise buildings. Another trend in the Kyrgyzstan Real Estate market is the development of mixed-use properties. Developers are incorporating residential, commercial, and recreational spaces within a single project to cater to the diverse needs of the population. This trend is driven by the desire for convenience and accessibility, as people prefer to live, work, and socialize in close proximity. Local special circumstances also play a role in the development of the Kyrgyzstan Real Estate market. The country's strategic location along the Silk Road and its natural beauty have attracted foreign investors and tourists alike. This has led to an increased demand for hospitality properties such as hotels and resorts. Additionally, the government's efforts to promote tourism and attract foreign investment have created opportunities for the development of real estate projects. Underlying macroeconomic factors contribute to the growth of the Kyrgyzstan Real Estate market. The country's stable economic growth, favorable investment climate, and government initiatives to improve infrastructure have created a conducive environment for real estate development. Furthermore, low interest rates and the availability of financing options have made it easier for individuals and businesses to invest in properties. In conclusion, the Real Estate market in Kyrgyzstan is developing due to customer preferences for urban living, the emergence of new trends such as mixed-use properties, local special circumstances such as tourism and foreign investment, and underlying macroeconomic factors such as stable economic growth and favorable investment climate. These factors collectively contribute to the growth and expansion of the real estate sector in Kyrgyzstan.

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.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Real Estate - Kyrgyzstan

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