Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Poland has been experiencing significant growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Residential Real Estate Leases market in Poland have been shifting towards renting rather than buying properties. This can be attributed to several reasons, including the flexibility and mobility that renting offers, especially for young professionals and students who may need to relocate frequently. Additionally, the high cost of purchasing property in Poland has made renting a more affordable option for many individuals and families. Trends in the market indicate a growing demand for rental properties in Poland. This can be attributed to the increasing urbanization and population growth in major cities such as Warsaw, Krakow, and Gdansk. The availability of job opportunities and the presence of prestigious universities in these cities have attracted a large number of people who are looking for rental accommodations. As a result, the market has seen a rise in the construction of residential buildings and apartment complexes specifically designed for rental purposes. Local special circumstances also play a role in the development of the Residential Real Estate Leases market in Poland. The country's demographic shift towards an aging population has led to an increased demand for retirement homes and assisted living facilities. This has created opportunities for real estate developers to cater to this specific segment of the market. Additionally, the growing popularity of co-living and co-working spaces has also influenced the market, with an increasing number of properties being converted into shared living and working spaces. Underlying macroeconomic factors have also contributed to the growth of the Residential Real Estate Leases market in Poland. The country's stable economy, low unemployment rate, and favorable mortgage lending conditions have made it easier for individuals to enter the rental market. Additionally, the influx of foreign investment in the real estate sector has further stimulated the market, as international investors recognize the potential for high returns in the Polish market. In conclusion, the Residential Real Estate Leases market in Poland is experiencing significant growth due to shifting customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. With the increasing demand for rental properties, the market is expected to continue to expand in the coming years.
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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