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 Germany has been experiencing significant growth and development in recent years. Customer preferences in the market have shifted towards more sustainable and energy-efficient properties. This trend is driven by increasing awareness of environmental issues and a desire for cost savings on utilities. Homebuyers and renters are now looking for properties that have energy-efficient features such as solar panels, insulation, and smart home technology. Additionally, there is a growing demand for properties in urban areas that are close to amenities such as shops, restaurants, and public transportation. One of the key trends in the market is the increasing popularity of co-living and co-working spaces. This trend is driven by the rise of the gig economy and the growing number of freelancers and remote workers. Co-living spaces provide affordable housing options and a sense of community for individuals who may not be able to afford or prefer not to live alone. Co-working spaces, on the other hand, provide flexible and collaborative work environments for freelancers and entrepreneurs. Another trend in the market is the growing interest in real estate investment. Low interest rates and a stable economy have made real estate a popular investment option for both domestic and international investors. Many investors are attracted to the German market due to its strong rental demand and relatively high rental yields. This trend has led to an increase in the number of real estate investment companies and funds operating in the country. Local special circumstances in Germany also contribute to the development of the Residential Real Estate market. One such circumstance is the shortage of housing in major cities. Cities like Berlin, Munich, and Hamburg have experienced rapid population growth in recent years, leading to a high demand for housing. The limited supply of housing has resulted in rising property prices and rental rates, making it difficult for some individuals to afford housing in these cities. Underlying macroeconomic factors have also played a role in the development of the Residential Real Estate market in Germany. The country has a strong and stable economy, with low unemployment rates and high consumer confidence. This has created a favorable environment for real estate investment and has attracted both domestic and international buyers. Additionally, low interest rates have made financing more affordable, encouraging individuals to enter the housing market. In conclusion, the Residential Real Estate market in Germany is experiencing growth and development driven by changing customer preferences, trends such as co-living and co-working spaces, local special circumstances such as housing shortages in major cities, and underlying macroeconomic factors including a strong economy and low interest rates.
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: Mar 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
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