Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Indonesia has been experiencing significant growth in recent years.
Customer preferences: Customers in Indonesia are increasingly opting for residential real estate leases due to the flexibility and affordability they offer. With the rising cost of homeownership and the desire for mobility, many individuals and families are choosing to rent rather than buy a property. Additionally, the younger generation, who value experiences and flexibility over long-term commitments, are also driving the demand for residential leases.
Trends in the market: One of the key trends in the residential real estate leases market in Indonesia is the growing popularity of co-living spaces. These spaces cater to young professionals and students who are looking for affordable and communal living arrangements. Co-living spaces often offer shared amenities and services, creating a sense of community and convenience for the residents. Another trend in the market is the increasing demand for serviced apartments. These apartments provide a higher level of convenience and comfort compared to traditional rental properties. Serviced apartments are fully furnished and equipped with amenities such as housekeeping and 24-hour security, making them an attractive option for expatriates and business travelers.
Local special circumstances: Indonesia's growing middle class and urbanization have contributed to the development of the residential real estate leases market. As more people move to cities in search of better job opportunities and a higher standard of living, the demand for rental properties has increased. Additionally, the government's efforts to improve infrastructure and urban development have also supported the growth of the market.
Underlying macroeconomic factors: The strong economic growth in Indonesia has had a positive impact on the residential real estate leases market. As the economy expands, more people have the financial means to rent a property. Additionally, the low interest rates in the country have made it more affordable for individuals to take out loans and invest in real estate, leading to an increase in the supply of rental properties. In conclusion, the residential real estate leases market in Indonesia is experiencing growth due to customer preferences for flexibility and affordability. The popularity of co-living spaces and serviced apartments reflects the changing needs and lifestyles of the population. The country's growing middle class, urbanization, and strong economic growth are all contributing factors to 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)
