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.Market Insights report
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 Republic of the Congo has been experiencing a steady growth in recent years, driven by a combination of factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Residential Real Estate market in Republic of the Congo have been shifting towards modern and well-designed properties. Homebuyers are increasingly looking for houses and apartments that offer modern amenities, such as swimming pools, gyms, and landscaped gardens. Additionally, there is a growing demand for properties that are located in secure and well-maintained neighborhoods, with access to schools, hospitals, and shopping centers. These customer preferences reflect a global trend towards a more urban and convenient lifestyle. One of the key trends in the Residential Real Estate market in Republic of the Congo is the development of gated communities. These communities offer a range of amenities and services, such as security, maintenance, and recreational facilities, which are attractive to homebuyers looking for a safe and convenient living environment. Gated communities also provide a sense of exclusivity and prestige, which appeals to a segment of the market that values luxury and status. Another trend in the market is the increasing popularity of sustainable and eco-friendly properties. Homebuyers in Republic of the Congo are becoming more conscious of environmental issues and are looking for properties that are energy-efficient and built using sustainable materials. This trend is in line with global efforts to reduce carbon emissions and mitigate the impact of climate change. Local special circumstances in the Residential Real Estate market in Republic of the Congo include the availability of land and the government's focus on urban development. The country has a relatively low population density, which means that there is ample land available for new residential developments. The government has also been investing in infrastructure projects, such as roads and utilities, to support urban growth and attract investment in the real estate sector. Underlying macroeconomic factors, such as economic growth and population growth, are also driving the development of the Residential Real Estate market in Republic of the Congo. The country has experienced steady economic growth in recent years, which has increased disposable incomes and the purchasing power of consumers. Additionally, population growth and urbanization have created a growing demand for housing, particularly in major cities such as Brazzaville and Pointe-Noire. In conclusion, the Residential Real Estate market in Republic of the Congo is developing in response to customer preferences for modern and well-designed properties, trends such as gated communities and sustainable housing, local special circumstances such as the availability of land and government focus on urban development, and underlying macroeconomic factors such as economic growth and population growth. These factors are driving the growth and development of the market, and are likely to continue shaping its trajectory in the coming years.
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
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: Jan 2025
SOURCE: Statista Market Insights