Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in CIS has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the CIS region have shifted towards renting residential properties instead of purchasing them. This is due to several reasons, including the flexibility and convenience that renting offers. Many individuals and families prefer to have the freedom to move and change their living arrangements without the long-term commitment and financial burden of owning a property. Additionally, renting allows people to live in desirable locations that may be unaffordable for them to purchase a home in. Trends in the market have also played a role in the growth of the Residential Real Estate Leases market in CIS. The increasing urbanization and population growth in many cities across the region have created a high demand for rental properties. This has led to a rise in the construction of residential buildings specifically designed for leasing purposes. Developers and investors have recognized the potential in this market and have been actively investing in the development of rental properties. Local special circumstances in the CIS region have further contributed to the growth of the Residential Real Estate Leases market. In some countries within the CIS, such as Russia and Ukraine, there is a lack of affordable housing options for many individuals and families. This has led to an increased reliance on rental properties as a more accessible and affordable housing solution. Additionally, the political and economic instability in some parts of the region has made individuals hesitant to invest in purchasing property, further driving the demand for rental properties. Underlying macroeconomic factors have also played a role in the development of the Residential Real Estate Leases market in CIS. The region has experienced economic growth in recent years, leading to an increase in disposable income for many individuals. This has allowed more people to afford rental properties and contribute to the demand in the market. Additionally, low interest rates have made it more attractive for investors to finance the construction and development of rental properties, further fueling the growth of the market. Overall, the Residential Real Estate Leases market in CIS has been growing due to shifting customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As the region continues to develop and urbanize, it is expected that the demand for rental properties will continue to increase, driving further growth in 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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
