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Key regions: Europe, Brazil, France, Asia, United States
The Residential Real Estate market in Iran has been experiencing significant growth and development in recent years.
Customer preferences: Customer preferences in the Residential Real Estate market in Iran have been shifting towards modern and luxurious properties. Buyers are increasingly looking for properties with high-end amenities and modern designs. This is driven by the growing affluence of the population and the desire for a higher standard of living. Additionally, there has been an increasing demand for properties located in prime locations, such as city centers or close to major transportation hubs.
Trends in the market: One of the key trends in the Residential Real Estate market in Iran is the development of large-scale residential projects. These projects often include a mix of residential units, commercial spaces, and recreational facilities, creating a self-contained community. This trend is driven by the desire for a convenient and comfortable lifestyle, where residents have access to all their daily needs within the same development. These projects are often marketed as offering a luxurious and modern living experience. Another trend in the market is the increasing popularity of green and sustainable properties. Buyers are becoming more conscious of the environmental impact of their homes and are seeking properties that are energy-efficient and incorporate sustainable features. Developers are responding to this demand by incorporating green technologies and sustainable design principles into their projects. This trend is also supported by government initiatives to promote sustainable development and reduce carbon emissions.
Local special circumstances: One of the key factors driving the growth of the Residential Real Estate market in Iran is the young and growing population. With a large number of young adults entering the workforce and starting families, there is a growing demand for housing. This demographic trend is expected to continue in the coming years, further fueling the demand for residential properties. Another special circumstance in Iran is the government's focus on urban development and infrastructure improvement. The government has been investing heavily in urban development projects, including the construction of new roads, transportation networks, and public facilities. These infrastructure improvements are attracting real estate developers to invest in residential projects, as they see the potential for future growth and increased property values.
Underlying macroeconomic factors: The Residential Real Estate market in Iran is also influenced by macroeconomic factors such as economic growth and inflation. As the economy continues to grow, household incomes are increasing, allowing more people to enter the property market. Additionally, low inflation rates and stable interest rates have made it more attractive for individuals to invest in real estate as a long-term asset. Furthermore, government policies and regulations play a significant role in shaping the Residential Real Estate market in Iran. The government has implemented measures to stimulate the housing market, such as providing subsidies for first-time homebuyers and offering tax incentives for real estate developers. These policies have helped to boost the demand for residential properties and encourage investment in the sector. In conclusion, the Residential Real Estate market in Iran is experiencing growth and development due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for modern and luxurious properties, the development of large-scale residential projects, the focus on green and sustainable properties, the young and growing population, government investments in urban development, and favorable macroeconomic conditions are all contributing to the positive outlook for the market.
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)
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Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)