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.Market Insights report
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
NOTES: Please note that this chart only covers the residential real estate market.
MOST_RECENT_UPDATE: Jul 2024
SOURCE: Statista Market Insights
The Real Estate market in Republic of the Congo is experiencing significant growth and development.
Customer preferences: Customers in the Republic of the Congo are increasingly looking for modern and well-designed properties. They are interested in properties that offer amenities such as swimming pools, gyms, and green spaces. Additionally, customers are seeking properties that are located in convenient and accessible areas, close to schools, hospitals, and shopping centers. There is also a growing demand for sustainable and energy-efficient properties, as customers are becoming more conscious of their environmental impact.
Trends in the market: One of the key trends in the Real Estate market in the Republic of the Congo is the construction of high-rise buildings. This trend is driven by the increasing population density in urban areas and the limited availability of land. Developers are maximizing the use of available space by constructing tall buildings that can accommodate a large number of residential and commercial units. This trend is also fueled by the demand for modern and luxurious properties, as high-rise buildings often offer state-of-the-art facilities and panoramic views. Another trend in the market is the development of mixed-use properties. Developers are now focusing on creating integrated communities that combine residential, commercial, and recreational spaces. This trend is driven by the desire for convenience and the need to reduce commuting time. Mixed-use properties provide residents with easy access to retail outlets, offices, and entertainment facilities, making them highly attractive to customers.
Local special circumstances: The Real Estate market in the Republic of the Congo is influenced by several local special circumstances. One of these is the rapid urbanization of the country. As more people move from rural areas to cities in search of better opportunities, the demand for housing and commercial spaces is increasing. This urbanization trend is driving the growth of the Real Estate market and shaping the preferences of customers. Another special circumstance is the government's focus on infrastructure development. The Republic of the Congo is investing heavily in improving its transportation networks, including roads, bridges, and airports. This infrastructure development is attracting investors and driving the demand for Real Estate in areas that are expected to benefit from improved connectivity.
Underlying macroeconomic factors: The Real Estate market in the Republic of the Congo is also influenced by underlying macroeconomic factors. The country's stable economic growth and increasing disposable income levels are contributing to the demand for properties. As more people have the means to invest in Real Estate, the market is experiencing a surge in demand. Additionally, the government's efforts to attract foreign direct investment are also impacting the Real Estate market. Foreign investors are showing interest in the Republic of the Congo due to its natural resources and strategic location in Central Africa. This influx of foreign investment is driving the development of new properties and contributing to the overall growth of the market. In conclusion, the Real Estate market in the Republic of the Congo is experiencing significant growth and development. Customer preferences are shifting towards modern and well-designed properties, and there is a demand for high-rise buildings and mixed-use properties. The market is influenced by the rapid urbanization of the country, the government's focus on infrastructure development, and underlying macroeconomic factors such as stable economic growth and foreign direct investment.
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
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.NOTES: Based on data from IMF, World Bank, UN and Eurostat
MOST_RECENT_UPDATE: Jan 2025
SOURCE: Statista Market Insights