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.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: 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 Brazil has been experiencing significant developments and trends in recent years. Customer preferences in the Brazilian market have shifted towards modern and well-designed properties. Buyers are increasingly seeking properties with amenities such as swimming pools, gymnasiums, and green spaces. This reflects a growing desire for a higher quality of life and a focus on health and wellness. Additionally, there is a rising demand for properties located in well-connected areas, close to transportation hubs and major employment centers. Trends in the market indicate a shift towards smaller, more affordable housing options. This can be attributed to changing demographics, with an increasing number of young professionals and small families entering the housing market. These buyers are often looking for properties that are more affordable and require less maintenance. As a result, developers are focusing on building compact and functional apartments and townhouses to cater to this demand. Local special circumstances in Brazil have also influenced the development of the Residential Real Estate market. One key factor is the country's rapid urbanization, with a significant portion of the population moving from rural areas to cities. This has created a need for more housing options, particularly in urban centers. Additionally, Brazil's growing middle class has contributed to the demand for residential properties, as more individuals have the financial means to invest in real estate. Underlying macroeconomic factors have played a role in shaping the Residential Real Estate market in Brazil. Low interest rates have made it more affordable for individuals to take out mortgages and finance their home purchases. This has stimulated demand in the market and encouraged more people to enter the real estate market. Additionally, economic stability and a decrease in unemployment rates have boosted consumer confidence and increased the willingness to invest in real estate. In conclusion, the Residential Real Estate market in Brazil is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards modern and well-designed properties, the demand for smaller and more affordable housing options, and the rapid urbanization and growing middle class in Brazil are key drivers of this development. Additionally, low interest rates and economic stability have played a role in stimulating demand in the market.
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
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: Jan 2025
SOURCE: Statista Market Insights