Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Central & Western Europe is experiencing significant growth and development. Customer preferences in the market are shifting towards more flexible lease terms and amenities that cater to their lifestyle needs. This includes a demand for properties with modern amenities such as fitness centers, co-working spaces, and communal areas. Additionally, there is a growing preference for properties located in urban areas that offer convenient access to transportation, shopping, and entertainment options. One of the key trends in the market is the increasing popularity of co-living spaces. This trend is driven by the rising cost of living and the desire for social interaction among young professionals and students. Co-living spaces provide an affordable and communal living experience, with shared common areas and amenities. This trend is particularly prevalent in major cities such as London, Berlin, and Amsterdam. Another trend in the market is the rise of short-term rentals and serviced apartments. This is driven by the growing demand from business travelers and tourists who prefer the convenience and flexibility of staying in a fully furnished and serviced apartment rather than a traditional hotel. The popularity of platforms such as Airbnb has also contributed to the growth of this trend. Local special circumstances in the market include the impact of government regulations and policies. Some countries in Central & Western Europe have implemented stricter regulations on short-term rentals, which has affected the availability and pricing of rental properties. For example, cities like Barcelona and Berlin have imposed restrictions on short-term rentals to protect the local housing market and address concerns about overtourism. Underlying macroeconomic factors also play a role in the development of the Residential Real Estate Leases market. Central & Western Europe has experienced steady economic growth in recent years, which has increased disposable income and housing affordability. Additionally, low interest rates have made it easier for individuals to obtain financing for property investments, driving demand in the market. In conclusion, the Residential Real Estate Leases market in Central & Western Europe is evolving to meet the changing preferences of customers. The demand for flexible lease terms, modern amenities, and convenient locations is driving the growth of the market. The rise of co-living spaces and short-term rentals is also shaping the market landscape. Government regulations and macroeconomic factors are additional factors influencing the 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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