Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Gabon has been experiencing significant growth in recent years.
Customer preferences: Customers in Gabon have shown a strong preference for residential real estate leases due to various factors. Firstly, leasing provides flexibility for individuals who may not want to commit to purchasing a property. This is particularly appealing for expatriates or individuals who are unsure about their long-term plans in the country. Additionally, leasing allows individuals to live in desirable neighborhoods or areas that may be financially out of reach for purchasing a property.
Trends in the market: One of the key trends in the residential real estate leases market in Gabon is the increasing demand for modern and well-maintained properties. As the country continues to develop and attract foreign investments, there is a growing need for high-quality housing options. Customers are willing to pay a premium for properties that offer modern amenities and are in good condition. This trend is driving property owners and developers to invest in upgrading existing properties or constructing new ones to meet the demand. Another trend in the market is the emergence of co-living spaces. This concept, popular in other parts of the world, is gaining traction in Gabon as well. Co-living spaces offer individuals the opportunity to live in shared accommodations, often with shared common areas and amenities. This trend is particularly appealing to young professionals and expatriates who are looking for a sense of community and affordability.
Local special circumstances: Gabon is a country with a growing urban population, and this has a direct impact on the residential real estate leases market. As more people move to cities in search of better job opportunities and improved standards of living, the demand for housing increases. This has led to a surge in construction activities and the development of new residential projects.
Underlying macroeconomic factors: The growth of the residential real estate leases market in Gabon can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced steady economic growth in recent years, which has resulted in an increase in disposable income for individuals. This, in turn, has boosted the demand for housing options. Furthermore, Gabon has been attracting foreign investments, particularly in the oil and gas sector. This has led to an influx of expatriates who require housing accommodations during their stay in the country. The demand from this segment has contributed to the growth of the residential real estate leases market. In conclusion, the residential real estate leases market in Gabon is experiencing growth due to customer preferences for flexibility and desirable locations. The market is also influenced by trends such as the demand for modern properties and the emergence of co-living spaces. Local special circumstances, such as the growing urban population, and underlying macroeconomic factors, including economic growth and foreign investments, are driving 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.
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)
