Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Argentina is experiencing significant development and growth. Customer preferences, trends in the market, and local special circumstances are all contributing to this positive trajectory. Customer preferences in the Residential Real Estate Leases market in Argentina are driving the growth of the sector. Many individuals and families are opting to rent rather than buy properties, as it provides them with more flexibility and financial freedom. Renting allows people to live in desirable locations without the long-term commitment of a mortgage. Additionally, renting can be more affordable for those who may not have the means to purchase a property outright. As a result, the demand for residential real estate leases is increasing. Trends in the market are also playing a role in the development of the Residential Real Estate Leases market in Argentina. One notable trend is the rise of co-living spaces. Co-living offers a unique living arrangement where individuals or small groups share communal spaces while having their private bedrooms. This trend is particularly popular among young professionals and students who value the social aspect of living in a community. Co-living spaces often come with additional amenities and services, such as cleaning and maintenance, which further attract renters. Local special circumstances in Argentina are contributing to the growth of the Residential Real Estate Leases market. The country has experienced economic volatility in recent years, making it more challenging for individuals to secure mortgages and invest in property ownership. This has led to an increased reliance on renting as a more accessible housing option. Additionally, the high inflation rate in Argentina has made it more attractive for individuals to invest in real estate as a way to preserve their wealth. Renting out properties has become a popular investment strategy in the country, further driving the growth of the market. Underlying macroeconomic factors are also supporting the development of the Residential Real Estate Leases market in Argentina. The country's stable economic growth and increasing urbanization are creating a greater demand for housing. As more people move to cities for job opportunities and a higher quality of life, the need for rental properties continues to rise. Additionally, the low interest rate environment in Argentina is incentivizing individuals to borrow and invest in real estate, further fueling the growth of the market. In conclusion, the Residential Real Estate Leases market in Argentina is experiencing growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for rental properties is increasing as more individuals choose to rent rather than buy, co-living spaces gain popularity, and economic conditions make property ownership more challenging. These factors, combined with stable economic growth and urbanization, are driving the positive development of the market.
Data coverage:
Figures are based on total and average revenue of residential apartment leases.Modeling approach:
Market size is determined by a 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 considered at a country-specific level.
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