Residential Real Estate - Americas

Americas

The Residential Real Estate market market in Americas is projected to reach a staggering value of US$135.50tn in 2024.
This market segment is expected to exhibit an annual growth rate (CAGR 2024-2029) of 3.65%, leading to a market volume of US$162.10tn by 2029.
In the realm of global comparison, it is noteworthy that China will generate the highest value in the Real Estate sector, amounting to US$112.9tn in 2024.
The residential real estate market in the United States is experiencing a surge in demand due to low interest rates and a strong economy.

Key regions: Europe, Brazil, France, Asia, United States

Market

Region

Region comparison

Currency

Analyst Opinion

The Residential Real Estate market in Americas is experiencing significant growth and development, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Residential Real Estate market in Americas are shifting towards more spacious and modern homes. Customers are increasingly looking for properties that offer open floor plans, ample natural light, and high-quality finishes. This trend is driven by the desire for comfortable and functional living spaces, as well as the growing importance of aesthetics in the homebuying process. Additionally, customers are also prioritizing properties that offer amenities such as gyms, swimming pools, and green spaces, as they seek a well-rounded living experience. Trends in the market indicate a high demand for residential properties in urban areas. As cities continue to grow and attract young professionals and families, the demand for housing in these areas is increasing. This trend is driven by factors such as proximity to employment opportunities, access to amenities and services, and the desire for a vibrant urban lifestyle. As a result, developers are focusing on building residential projects in prime urban locations to cater to this demand. Local special circumstances also play a significant role in the development of the Residential Real Estate market in Americas. For example, in some countries, government policies and incentives are encouraging homeownership by offering subsidies, tax benefits, and favorable mortgage rates. These initiatives are aimed at boosting the real estate sector, stimulating economic growth, and providing affordable housing options for the population. Additionally, in certain regions, there is a shortage of affordable housing, leading to increased demand for residential properties across all price segments. Underlying macroeconomic factors such as low interest rates and economic stability are also contributing to the growth of the Residential Real Estate market in Americas. Low interest rates make borrowing more affordable, encouraging individuals to invest in real estate. Economic stability provides confidence to buyers and investors, as they expect a favorable return on their investment. Furthermore, economic growth and job creation are driving population growth, which in turn increases the demand for housing. Overall, the Residential Real Estate market in Americas is experiencing growth and development due to customer preferences for spacious and modern homes, the trend of urban living, local special circumstances such as government incentives, and underlying macroeconomic factors like low interest rates and economic stability. These factors are shaping the market and driving the demand for residential properties in the region.

Methodology

Data coverage:

Figures are based on total and average value of residential real estate, residential estate transactions and leases.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, 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:

Data is modeled using current exchange rates. 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.