Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Netherlands has been experiencing significant growth in recent years.
Customer preferences: One of the main reasons for this growth is the increasing demand for rental properties in the country. Many people in Netherlands prefer to rent rather than buy a property due to the flexibility it offers. Renting allows individuals to easily move to different areas for work or personal reasons, without the financial burden of buying and selling a property. Additionally, renting provides a sense of freedom and less responsibility compared to owning a property.
Trends in the market: Another trend in the Residential Real Estate Leases market in Netherlands is the rise of co-living spaces. With the increasing cost of living and limited housing options in certain areas, co-living has become a popular choice for young professionals and students. Co-living spaces provide affordable and shared accommodation, along with communal facilities and social activities. This trend is driven by the desire for a sense of community and the opportunity to meet like-minded individuals.
Local special circumstances: The Netherlands has a high population density, especially in urban areas such as Amsterdam and Rotterdam. This has led to a shortage of affordable housing options, pushing up rental prices. The high demand for rental properties in these areas has created a competitive market, with landlords often receiving multiple offers for their properties. As a result, rental prices have been steadily increasing, making it more challenging for individuals to find affordable housing.
Underlying macroeconomic factors: The strong economy in Netherlands has also contributed to the growth of the Residential Real Estate Leases market. The country has a stable job market and a high standard of living, attracting both local and international professionals. This influx of people has increased the demand for rental properties, driving up prices. In conclusion, the Residential Real Estate Leases market in Netherlands is experiencing growth due to customer preferences for rental properties, the rise of co-living spaces, the shortage of affordable housing options in urban areas, and the strong economy. These factors have created a competitive market with increasing rental prices.
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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