Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Switzerland has been experiencing significant growth in recent years.
Customer preferences: One of the key factors driving the growth of the Residential Real Estate Leases market in Switzerland is the changing preferences of customers. With an increasing number of people opting to rent rather than buy properties, the demand for residential real estate leases has been steadily rising. This shift in customer preferences can be attributed to various factors such as the flexibility offered by renting, the high cost of homeownership, and the desire for mobility.
Trends in the market: There are several trends that have been observed in the Residential Real Estate Leases market in Switzerland. Firstly, there has been a surge in demand for rental properties in urban areas, particularly in major cities like Zurich, Geneva, and Basel. This can be attributed to the growing population in these areas, as well as the concentration of job opportunities and amenities. Another trend in the market is the increasing popularity of furnished rental properties. Many tenants, particularly expatriates and young professionals, prefer to rent properties that are already furnished, as it saves them the hassle and cost of buying furniture. This trend has led to a rise in the number of furnished rental properties available in the market.
Local special circumstances: Switzerland has some unique characteristics that have contributed to the development of the Residential Real Estate Leases market. Firstly, the country has a high proportion of foreigners, particularly in major cities. This has created a demand for rental properties among expatriates and international students. Additionally, Switzerland has a strong rental culture, with a significant portion of the population choosing to rent rather than buy properties.
Underlying macroeconomic factors: Several macroeconomic factors have played a role in the growth of the Residential Real Estate Leases market in Switzerland. The country has a stable economy and a high standard of living, which has attracted a large number of expatriates and foreign workers. This has increased the demand for rental properties, particularly in urban areas. Furthermore, the high cost of homeownership in Switzerland has made renting a more affordable option for many people. The strict lending criteria and high property prices have made it difficult for individuals to enter the housing market, leading to an increase in demand for rental properties. In conclusion, the Residential Real Estate Leases market in Switzerland has been growing steadily due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for rental properties, particularly in urban areas, has been on the rise, driven by factors such as flexibility, high homeownership costs, and the desire for mobility. The market has also witnessed trends such as the popularity of furnished rental properties. Switzerland's unique characteristics, including a high proportion of foreigners and a strong rental culture, have contributed to the development of the market. Additionally, the country's stable economy and high cost of homeownership have made renting a more attractive option for many individuals.
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 - 6pm (EST)
