Market Insights Financial Real Estate Residential Real Estate

Residential Real Estate Leases - Chad

Chad

The market segment Residential Real Estate Leases market in Chad is projected to generate a revenue of US$3.79bn in 2024.
House Leases dominates this market with a projected market volume of US$3.13bn in the same year.
Furthermore, it is expected that the revenue will exhibit an annual growth rate (CAGR 2024-2028) of 10.20%, leading to a market volume of US$5.59bn by 2028.
Despite being a landlocked country with limited resources, Chad's residential real estate lease market is experiencing steady growth due to increased urbanization and foreign investment.

Key regions: France, United Kingdom, Australia, Japan, China

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Analyst Opinion

The Residential Real Estate Leases market in Chad is experiencing significant growth and development due to several factors.

Customer preferences: Customers in the Residential Real Estate Leases market in Chad are increasingly seeking affordable and convenient housing options. With the rising population and urbanization in the country, there is a growing demand for rental properties that cater to the needs of individuals and families. Customers are looking for properties that are well-maintained, have basic amenities, and are located in safe and accessible areas. Additionally, there is a preference for properties that offer flexible lease terms to accommodate the changing needs of tenants.

Trends in the market: One of the key trends in the Residential Real Estate Leases market in Chad is the increasing construction of residential properties. Developers are recognizing the demand for rental properties and are investing in the construction of apartment buildings and housing complexes. This trend is driven by the need to address the housing shortage in the country and provide affordable housing options for the growing population. As a result, there is a wider range of rental properties available in the market, offering customers more options to choose from. Another trend in the market is the emergence of online platforms and real estate agencies that specialize in rental properties. These platforms and agencies provide a convenient way for customers to search for and compare rental properties. They also offer additional services such as property management, lease negotiation, and tenant screening. This trend is making the process of finding and renting a property easier and more efficient for customers.

Local special circumstances: Chad is a landlocked country in Central Africa with a predominantly rural population. The urban areas, particularly the capital city N'Djamena, are experiencing rapid population growth and urbanization. This has led to increased demand for rental properties in urban areas, as people migrate from rural areas in search of better economic opportunities. The government of Chad has also implemented policies to promote urban development and attract investment, further driving the demand for rental properties.

Underlying macroeconomic factors: The Residential Real Estate Leases market in Chad is influenced by several macroeconomic factors. Economic growth, stability, and the availability of job opportunities play a significant role in the demand for rental properties. As the economy grows and more people enter the workforce, there is an increased need for housing, leading to higher demand for rental properties. Additionally, factors such as inflation, interest rates, and government policies on housing and real estate also impact the market. In conclusion, the Residential Real Estate Leases market in Chad is developing and growing due to customer preferences for affordable and convenient housing options, the construction of new residential properties, the emergence of online platforms and real estate agencies, the rapid urbanization in the country, and underlying macroeconomic factors such as economic growth and government policies.

Methodology

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.