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Residential Real Estate - Guatemala

Guatemala
  • The Residential Real Estate market market in Guatemala is projected to reach US$408.72bn in 2025.
  • This market is expected to exhibit an annual growth rate (CAGR 2025-2029) of 6.18%, resulting in a market volume of US$519.52bn by 2029.
  • In global comparison, China is forecasted to generate the highest value in Real Estate, with US$115.4tn in 2025.
  • Despite economic challenges, Guatemala's residential real estate market continues to show steady growth and high demand.

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.
In-Scope
  • Residential real estate transactions
  • Residential real estate leases
Out-Of-Scope
  • Real estate agencies
  • Construction companies
  • Accommodation services, such as Airbnb
  • Commercial real estate leases and transactions
  • Publicly owned buildings used by the local government
  • Buildings used for public health care services
Residential Real Estate: market data & analysis - Cover

Market Insights report

Residential Real Estate: market data & analysis
Study Details

    Value

    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

    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Residential Real Estate market in Guatemala has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Guatemalan Residential Real Estate market have been shifting towards more modern and luxurious properties. This is partly due to the increasing affluence of the middle class and their desire for higher quality homes. Additionally, there has been a growing demand for properties with amenities such as swimming pools, gyms, and green spaces, as well as those located in safe and secure neighborhoods. These preferences are in line with global trends in the Residential Real Estate market, where buyers are increasingly seeking properties that offer a high standard of living. One of the key trends in the Guatemalan Residential Real Estate market is the development of gated communities. These communities offer a range of amenities and services, including security, recreational facilities, and maintenance services. This trend is driven by the desire for safety and convenience among buyers, as well as the scarcity of available land in urban areas. Gated communities provide an attractive option for those looking for a modern and secure living environment. Another trend in the Guatemalan Residential Real Estate market is the growth of the rental market. With increasing urbanization and a growing population, there is a rising demand for rental properties, particularly in urban areas. This trend is driven by factors such as changing demographics, where young professionals and students are opting to rent rather than buy, as well as the flexibility and convenience that renting offers. This trend is not unique to Guatemala and is seen in many other countries around the world. Local special circumstances also play a role in the development of the Residential Real Estate market in Guatemala. One of these circumstances is the high rate of urbanization, with more and more people moving from rural areas to cities in search of better job opportunities and a higher standard of living. This has led to increased demand for housing in urban areas, particularly in the capital city of Guatemala City. Additionally, the country's natural beauty and tourism potential make it an attractive destination for foreign buyers, further driving demand in the market. Underlying macroeconomic factors have also contributed to the growth of the Residential Real Estate market in Guatemala. The country has experienced steady economic growth in recent years, with a stable political environment and favorable investment climate. This has attracted both domestic and foreign investors to the Real Estate sector, driving up demand and prices. Additionally, low interest rates and favorable lending conditions have made it easier for buyers to access financing, further stimulating the market. In conclusion, the Residential Real Estate market in Guatemala is experiencing significant growth due to customer preferences for modern and luxurious properties, the development of gated communities, the growth of the rental market, local special circumstances such as urbanization and tourism potential, and underlying macroeconomic factors such as economic growth and favorable lending conditions. These factors are driving demand and prices in the market, making it an attractive investment opportunity for both domestic and foreign buyers.

    Transaction Value

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Household Type

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Living Space

    Most recent update: Jul 2024

    Source: Statista Market Insights

    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.

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    Residential Real Estate: market data & analysis - BackgroundResidential Real Estate: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Jan 2025

    Source: Statista Market Insights

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