Residential Real Estate - Burundi

Burundi

The Residential Real Estate market market in Burundi is anticipated to reach a value of US$47.94bn in 2024.
This projection suggests an annual growth rate (CAGR 2024-2029) of 6.73%, which would lead to a market volume of US$66.40bn by 2029.
When compared globally, China is expected to generate the highest value in the Real Estate market, with an estimated worth of US$112.9tn in 2024.
Despite political instability, Burundi's residential real estate market continues to show resilience and potential for growth.

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

Market

Region

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Analyst Opinion

The Residential Real Estate market in Burundi has been experiencing significant growth and development in recent years. Customer preferences in the Burundian real estate market have been shaped by a combination of factors. Firstly, there is a strong demand for affordable housing, as many Burundians are looking for affordable options to meet their housing needs. Additionally, customers in Burundi prioritize properties that are located in safe and secure neighborhoods, as well as those that offer convenient access to amenities such as schools, hospitals, and shopping centers. One of the key trends in the Burundian real estate market is the increasing popularity of apartment living. This trend can be attributed to several factors, including the rising urbanization rate in the country and the growing number of young professionals and families seeking convenient and affordable housing options. As a result, developers have been focusing on constructing apartment complexes to meet this demand. Another trend in the market is the development of gated communities. These communities offer a sense of security and exclusivity, which appeals to customers who are willing to pay a premium for such features. Gated communities often come with additional amenities such as swimming pools, fitness centers, and communal gardens, further enhancing their appeal to potential buyers. Local special circumstances also play a role in the development of the Burundian real estate market. The political stability and economic growth in the country have contributed to an increase in foreign direct investment, particularly in the real estate sector. This influx of foreign investment has led to the construction of high-end residential properties, catering to the demand from expatriates and affluent locals. Underlying macroeconomic factors have also influenced the development of the Burundian real estate market. The country has experienced steady economic growth, which has led to an increase in disposable income and improved living standards. This, in turn, has fueled the demand for residential properties. Additionally, the government has implemented policies to promote the real estate sector, such as providing tax incentives for developers and streamlining the process of obtaining construction permits. These measures have further stimulated the growth of the market. In conclusion, the Residential Real Estate market in Burundi is experiencing significant growth and development, driven by customer preferences for affordable and secure housing options. The increasing popularity of apartments and gated communities, as well as the influx of foreign investment, are key trends shaping the market. The country's political stability, economic growth, and government policies have also contributed to the market's expansion.

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.