Real Estate - Moldova | Statista Market Forecast

The Real Estate market market in Moldova is expected to reach a value of US$64.21bn in 2024.
Within this market, Residential Real Estate holds the majority share, with a projected market volume of US$50.56bn in 2024.
It is anticipated that the market will experience an annual growth rate of 5.67% from 2024 to 2029, resulting in a market volume of US$84.60bn by 2029.
In comparison to other countries, United States is projected to generate the highest value in the Real Estate market market, with an estimated worth of US$132.0tn in 2024.
Moldova's real estate market is experiencing a surge in demand for residential properties due to the increasing number of young professionals seeking affordable housing options.

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 Moldova has seen significant development and growth in recent years. Customer preferences have shifted towards more modern and spacious properties, leading to an increase in demand for new construction projects. Additionally, local special circumstances such as government incentives and foreign investment have contributed to the expansion of the market. Furthermore, underlying macroeconomic factors such as population growth and increased urbanization have also played a role in the development of the Real Estate market in Moldova. Customer preferences in the Real Estate market in Moldova have evolved over time. There has been a notable shift towards modern and spacious properties, as buyers are increasingly looking for homes that offer more comfort and convenience. This has led to a surge in demand for new construction projects that offer contemporary designs and amenities. Additionally, there is a growing interest in properties located in prime locations, such as the capital city of Chisinau, which offer easy access to amenities and services. Trends in the Real Estate market in Moldova reflect the changing customer preferences. There has been a significant increase in the number of new construction projects, as developers strive to meet the demand for modern and spacious properties. These projects often include apartment complexes and gated communities that offer a range of amenities such as swimming pools, fitness centers, and green spaces. Furthermore, there has been a rise in the development of commercial properties, such as office buildings and shopping centers, to cater to the growing business and retail sectors in the country. Local special circumstances have also contributed to the development of the Real Estate market in Moldova. The government has implemented various incentives and programs to encourage investment in the sector, such as tax breaks and subsidies for developers. Additionally, foreign investors have shown interest in the Moldovan Real Estate market, attracted by the relatively low property prices and potential for high returns on investment. This influx of foreign capital has further stimulated the growth of the market. Underlying macroeconomic factors have played a significant role in the development of the Real Estate market in Moldova. The country has experienced population growth in recent years, leading to increased demand for housing. Additionally, urbanization has accelerated, with more people moving to cities in search of better job opportunities and improved living standards. This has created a need for more residential and commercial properties to accommodate the growing population and support economic growth. In conclusion, the Real Estate market in Moldova has experienced significant development and growth in recent years. Customer preferences have shifted towards more modern and spacious properties, leading to an increase in demand for new construction projects. Local special circumstances such as government incentives and foreign investment have also contributed to the expansion of the market. Furthermore, underlying macroeconomic factors such as population growth and increased urbanization have played a role in the development of the Real Estate market in Moldova.

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.

The global housing market has slowed amid high inflation and soaring borrowing costs. Homeownership is one of the most universal signs of success and prosperity: It serves both as a source of stable and secure housing and a long-term investment. After the global financial crisis, property prices rose in many countries and especially in advanced economies. For more than a decade after that, the housing market has been on an upward trajectory, culminating in the housing boom during the COVID-19 pandemic. However, housing shortages in highly competitive markets, the recent rapid house price growth, soaring inflation, and consequently, some of the highest mortgage interest rates recorded in the past 10 years have led to the market cooling.

Japan is a country with very limited space for buildings, as mountains make up about three-quarters of its landmass. The country’s fairly large population is concentrated in major cities. The metropolitan area of Tokyo, home to a staggering one-third of the population, is the center of economic and political activity. As such, it boasts the highest property prices across the country. Driven by the weak yen, a tourism boom, and global investment, property and land prices surged in 2023 and 2024. Even some rural regions, which are generally confronted with economic stagnation and depopulation tendencies, have been affected by this trend.

The real estate market all around the world has been affected by the global pandemic. This historic event has changed the way we live, consume, and work. The real estate market in the Asia-Pacific region has experienced some turbulent and diverse changes depending on the sector, property type, and location. The commercial real estate segment, which includes offices, retail outlets, logistics centers, and many more, had to adapt to new conditions and demands. Furthermore, residential real estate suffered decreases in rental and capital values in some areas, with the exception of prime real estate, which experienced healthy growth in most locations.

Soaring inflation and aggressive mortgage interest rate hikes cooled the European housing market after a nearly decade-long period of growth. Since 2015, house prices in the European Union have grown by about 50 percent. When inflation in Europe started to rise at an alarming rate in 2021, the European Central Bank increased interest rates, resulting in substantially higher mortgage interest rates and a decline in homebuying. But how important is homeownership for Europeans?

Real Estate - Moldova

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