Key regions: Europe, Brazil, France, Asia, United States
The Residential Real Estate market in CIS is experiencing significant growth and development.
Customer preferences: Customers in the CIS region have shown a strong preference for residential properties that offer both luxury and convenience. They are particularly interested in properties that are located in prime locations with easy access to amenities such as shopping centers, schools, and healthcare facilities. Additionally, customers in the CIS region are increasingly looking for properties that offer modern and high-quality amenities, such as smart home technology and energy-efficient features.
Trends in the market: One of the key trends in the Residential Real Estate market in the CIS region is the increasing demand for luxury properties. The growing number of high-net-worth individuals in the region has led to a rise in demand for high-end residential properties, including luxury apartments and villas. This trend is driven by the desire for exclusivity and prestige among the wealthy population in the region. Another trend in the market is the development of mixed-use properties. Developers in the CIS region are increasingly incorporating commercial spaces, such as retail outlets and office spaces, into residential projects. This trend is driven by the demand for convenience and the desire for a live-work-play lifestyle among customers in the region.
Local special circumstances: The Residential Real Estate market in the CIS region is influenced by several local special circumstances. One of these is the presence of a large number of international investors in the market. Many investors from countries such as China, Turkey, and the Middle East are attracted to the CIS region due to its favorable investment climate and potential for high returns. This influx of international investors has contributed to the growth of the market and has led to increased competition among developers. Another special circumstance in the CIS region is the impact of government policies and regulations. Governments in the region have implemented measures to promote and support the real estate sector, such as tax incentives and simplified procedures for foreign investors. These policies have created a favorable environment for real estate development and have attracted both domestic and international investors to the market.
Underlying macroeconomic factors: The growth and development of the Residential Real Estate market in the CIS region can be attributed to several underlying macroeconomic factors. One of these is the region's strong economic growth and increasing disposable income. As the economies of CIS countries continue to expand, more people have the financial means to invest in residential properties. Another macroeconomic factor is the urbanization trend in the region. Rapid urbanization has led to an increase in demand for housing, particularly in major cities. This has created opportunities for real estate developers to meet the growing demand for residential properties. In conclusion, the Residential Real Estate market in the CIS region is experiencing significant growth and development. Customer preferences for luxury and convenience, the trends of luxury properties and mixed-use developments, local special circumstances such as international investors and government policies, and underlying macroeconomic factors such as economic growth and urbanization are all contributing to the growth of the market in the region.
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.
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