Definition:
The residential real estate market covers the leases and transactions of residential properties. Residential real estate leases refer to the market where landlords and tenants enter into agreements for the rental of residential properties, such as apartments, houses, and condominiums, while residential real can be defined as buying, selling, or transfer of ownership of residential properties.Structure:
The residential real estate market covers real estate transactions and leases, and the section, residential real estate leases, is 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 for real estate renters as well.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: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
The Residential Real Estate market in Argentina has been experiencing significant growth and development in recent years.
Customer preferences: Customers in Argentina are increasingly seeking residential properties that offer modern amenities and conveniences. There is a growing demand for properties with features such as high-speed internet connectivity, smart home technology, and energy-efficient appliances. Additionally, customers are looking for properties that are located in safe and secure neighborhoods, with access to amenities such as parks, schools, and shopping centers.
Trends in the market: One of the key trends in the residential real estate market in Argentina is the increase in demand for apartments and condominiums. This trend can be attributed to several factors, including changing demographics and lifestyle preferences. Young professionals and families are increasingly opting for apartment living due to its affordability and convenience. Additionally, the maintenance-free lifestyle and access to shared amenities such as swimming pools and gyms are also attractive to buyers. Another trend in the market is the rise of real estate investment as a means of generating income. With the uncertain economic climate, many individuals are turning to real estate as a safe and profitable investment option. This has led to an increase in demand for residential properties that can be rented out or used for short-term rentals.
Local special circumstances: Argentina's residential real estate market has been influenced by several local special circumstances. One of the key factors is the country's economic situation. In recent years, Argentina has faced high inflation rates and currency devaluation, which has affected the purchasing power of buyers. As a result, there has been an increase in the demand for real estate as a store of value and a hedge against inflation. Additionally, government policies and regulations have also played a role in shaping the residential real estate market in Argentina. For example, the government has implemented measures to encourage the development of affordable housing, which has led to an increase in the supply of such properties.
Underlying macroeconomic factors: Several macroeconomic factors have contributed to the development of the residential real estate market in Argentina. One of the key factors is low interest rates. The Central Bank of Argentina has implemented monetary policies to stimulate economic growth, which has resulted in low borrowing costs for homebuyers. This has made it more affordable for individuals to purchase residential properties. Another factor is urbanization. As more people move to urban areas in search of better job opportunities and improved quality of life, the demand for residential properties in cities has increased. This trend is expected to continue in the coming years, driving further growth in the residential real estate market. In conclusion, the Residential Real Estate market in Argentina is experiencing growth and development driven by customer preferences for modern amenities and convenience, as well as the trends of increased demand for apartments and real estate investment. Local special circumstances, such as the economic situation and government policies, have also influenced the market. Underlying macroeconomic factors, including low interest rates and urbanization, have further contributed to the market's development.
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
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights