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Key regions: Europe, Brazil, France, Asia, United States
The Residential Real Estate market in China has been experiencing significant growth and development in recent years.
Customer preferences: Chinese consumers have shown a strong preference for investing in real estate, considering it a safe and reliable investment option. This preference is driven by cultural factors, such as the belief that owning property is a symbol of wealth and social status. Additionally, many Chinese families view real estate as a means of securing their financial future and providing stability for future generations.
Trends in the market: One prominent trend in the Chinese residential real estate market is the increasing demand for urban properties. As China's urban population continues to grow, there is a rising need for housing in cities. This demand is fueled by factors such as rural-to-urban migration, the expansion of industries in urban areas, and the desire for better education and healthcare facilities. As a result, developers are focusing on building residential properties in urban centers to meet this growing demand. Another trend in the market is the rise of mixed-use developments. These projects combine residential units with commercial and retail spaces, creating vibrant and self-contained communities. Mixed-use developments are becoming increasingly popular among Chinese consumers who value convenience and accessibility. These developments often feature amenities such as shopping centers, parks, and entertainment facilities, providing residents with a high quality of life.
Local special circumstances: China's real estate market is heavily influenced by government policies and regulations. The Chinese government has implemented measures to control property prices and prevent speculative investment. These policies include restrictions on property purchases, higher down payment requirements, and limits on the number of properties one can own. These measures aim to curb speculation and maintain market stability.
Underlying macroeconomic factors: China's rapid economic growth and urbanization have played a significant role in the development of the residential real estate market. As the country's economy continues to expand, more people are able to afford housing, leading to increased demand. Additionally, urbanization has created a need for housing in cities, further driving market growth. In conclusion, the Residential Real Estate market in China is experiencing growth and development due to customer preferences for real estate investment, the increasing demand for urban properties, the rise of mixed-use developments, and government policies aimed at maintaining market stability. These trends are influenced by underlying macroeconomic factors such as China's economic growth and urbanization.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)