Key regions: France, United Kingdom, Australia, Japan, China
The Residential Real Estate Leases market in Ireland has been experiencing significant growth in recent years, driven by changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Residential Real Estate Leases market in Ireland have been shifting towards more flexible and convenient options. With an increasing number of people opting for short-term rentals and co-living arrangements, the demand for residential leases has been on the rise. This shift can be attributed to various factors, including changing lifestyles, the rise of the gig economy, and the desire for greater mobility. Trends in the market have also played a role in the development of the Residential Real Estate Leases market in Ireland. One notable trend is the increasing popularity of serviced apartments and furnished rentals. These options provide tenants with the convenience of a fully furnished space and access to amenities, making them particularly appealing to young professionals and expatriates. Additionally, the rise of online platforms and technology has made it easier for landlords and tenants to connect and transact, further fueling the growth of the market. Local special circumstances have also contributed to the development of the Residential Real Estate Leases market in Ireland. One such circumstance is the shortage of affordable housing in major cities like Dublin. This has led to an increase in demand for rental properties, as many individuals and families are unable to afford homeownership. The high cost of purchasing property and stricter mortgage lending criteria have also made renting a more viable option for many. Underlying macroeconomic factors have also played a role in the growth of the Residential Real Estate Leases market in Ireland. The country's strong economic performance, with steady GDP growth and low unemployment rates, has created a favorable environment for the real estate market. Additionally, favorable tax policies and government initiatives to attract foreign investment have further stimulated the market. In conclusion, the Residential Real Estate Leases market in Ireland has been experiencing significant growth due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards more flexible and convenient options, the popularity of serviced apartments and furnished rentals, the shortage of affordable housing, and the country's strong economic performance have all contributed 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.
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