Key regions: France, United Kingdom, Australia, Japan, China
The Residential Real Estate Leases market in Slovakia is experiencing significant growth and development.
Customer preferences: Customers in the Residential Real Estate Leases market in Slovakia are increasingly looking for affordable and high-quality rental properties. They prefer properties that are well-maintained, have modern amenities, and are located in convenient and desirable locations. Additionally, there is a growing demand for properties that offer flexible lease terms and options for customization.
Trends in the market: One of the key trends in the Residential Real Estate Leases market in Slovakia is the increasing popularity of long-term leases. Many customers are opting for longer lease terms, ranging from one to five years, as it provides them with stability and avoids the hassle of frequent moves. This trend is driven by the desire for a sense of permanence and the need for a stable living arrangement. Another trend in the market is the rise of co-living spaces. This concept is gaining traction among young professionals and students who are looking for affordable housing options that also foster a sense of community. Co-living spaces offer shared living areas and amenities, such as kitchens, common rooms, and recreational facilities, which encourage social interaction and networking opportunities.
Local special circumstances: Slovakia has experienced a significant increase in foreign investment in recent years, which has contributed to the growth of the Residential Real Estate Leases market. Foreign investors are attracted to the country's stable economy, low cost of living, and favorable business environment. This influx of foreign investment has led to a greater demand for rental properties, particularly in major cities and tourist destinations.
Underlying macroeconomic factors: The growth and development of the Residential Real Estate Leases market in Slovakia can be attributed to several underlying macroeconomic factors. Firstly, the country's strong economic performance has resulted in higher disposable incomes and increased purchasing power, allowing more individuals and families to afford rental properties. Additionally, low interest rates have made it more attractive for individuals to invest in real estate, both for personal use and as rental properties. Lastly, the government's favorable policies and incentives for real estate development and investment have further stimulated 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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Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
