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Real Estate - Laos

Laos
  • Laos is projected to witness a significant growth in its Real Estate market market, with a value expected to reach US$106.69bn in 2025.
  • Among the various segments, Residential Real Estate is set to dominate the market, with a projected market volume of US$93.43bn in the same year.
  • The sector is anticipated to display a steady annual growth rate of 0.29% from 2025 to 2029, resulting in a market volume of US$107.92bn by the end of this period.
  • When compared globally, it is noteworthy that United States is expected to generate the highest value in the Real Estate market market, with a staggering US$136.6tn in 2025.
  • This exemplifies the immense potential and scale of the Real Estate market industry in different countries, including in Laos.
  • The real estate market in Laos is experiencing a surge in demand for luxury properties, driven by an influx of foreign investors seeking high-end residential and commercial developments.

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.
In-Scope
  • Residential real estate (houses and apartments)
  • Commercial real estate (office buildings, retail spaces, warehouses, industrial properties)
Out-Of-Scope
  • 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
Commercial Real Estate: market data & analysis  - Cover

Market Insights report

Commercial Real Estate: market data & analysis
Study Details

    Value

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Notes: Please note that this chart only covers the residential real estate market. Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Value Split

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Volume

    Notes: Please note that this chart only covers the residential real estate market.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Real Estate market in Laos has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

    Customer preferences:
    In Laos, there is a growing demand for real estate properties, particularly in urban areas. This is driven by changing lifestyles and increasing urbanization, as more people move from rural areas to cities in search of better job opportunities and improved living standards. As a result, there is a strong preference for residential properties, both for purchase and rental purposes. Additionally, there is also a demand for commercial properties, as businesses look to expand and establish a presence in the country.

    Trends in the market:
    One of the key trends in the real estate market in Laos is the development of mixed-use projects. These projects combine residential, commercial, and recreational spaces in a single development, catering 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 play in close proximity. Mixed-use developments also offer a range of amenities and services, such as shopping malls, restaurants, and entertainment facilities, further enhancing their appeal. Another trend in the market is the increasing focus on sustainable and eco-friendly real estate developments. With growing awareness of environmental issues, there is a demand for properties that are energy-efficient, use renewable materials, and incorporate green spaces. Developers are responding to this trend by incorporating sustainable design principles and technologies into their projects, attracting environmentally conscious buyers and tenants.

    Local special circumstances:
    Laos is experiencing rapid economic growth, driven by foreign direct investment, infrastructure development, and the expansion of key industries such as tourism and manufacturing. This has led to an increase in disposable incomes and a growing middle class, who are driving the demand for real estate properties. The government has also implemented policies to attract foreign investors, further stimulating the real estate market.

    Underlying macroeconomic factors:
    The strong economic growth in Laos, coupled with low interest rates and favorable government policies, has created a favorable environment for real estate investment. Investors are attracted by the potential for capital appreciation and rental income, as well as the relatively low property prices compared to other countries in the region. Additionally, the government has implemented measures to streamline the process of property ownership and promote transparency in the real estate sector, further boosting investor confidence. In conclusion, the Real Estate market in Laos is experiencing growth due to changing customer preferences, such as the demand for residential and commercial properties. Market trends, such as the development of mixed-use projects and sustainable real estate developments, are also contributing to the growth. Local special circumstances, including rapid economic growth and government policies to attract foreign investors, are further driving the market. These factors, combined with underlying macroeconomic factors such as strong economic growth and favorable government policies, are creating a positive environment for the real estate market in Laos.

    Transaction Value

    Notes: Please note that this chart only covers residential real estate sales. Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Jan 2025

    Source: Statista Market Insights

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