Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Ukraine 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 Ukraine are opting to rent rather than buy a property due to various reasons such as financial constraints, job mobility, and the desire for flexibility. Additionally, the younger generation in Ukraine, who are more mobile and career-focused, prefer the convenience and flexibility of renting a property rather than being tied down by a mortgage.
Trends in the market: Another trend in the Residential Real Estate Leases market in Ukraine is the rise of co-living spaces. Co-living is a concept where individuals or small groups of people live together in a shared space, often with shared amenities and common areas. This trend has gained popularity among young professionals and students who are looking for affordable housing options and a sense of community. Co-living spaces offer a more affordable alternative to traditional rental properties and provide opportunities for social interaction and networking.
Local special circumstances: The political and economic situation in Ukraine has also played a role in the development of the Residential Real Estate Leases market. The country has faced significant challenges in recent years, including political instability and an economic recession. These circumstances have made it more difficult for individuals to secure financing for purchasing a property, leading to an increased demand for rental properties. Additionally, the ongoing conflict in eastern Ukraine has resulted in the displacement of many people, further driving the demand for rental properties in other parts of the country.
Underlying macroeconomic factors: Several macroeconomic factors have contributed to the growth of the Residential Real Estate Leases market in Ukraine. The country has experienced a steady increase in urbanization, with more people moving to cities in search of better job opportunities and a higher standard of living. This urbanization trend has created a higher demand for rental properties, particularly in major cities such as Kyiv, Lviv, and Odessa. Furthermore, the overall economic growth in Ukraine has resulted in an increase in disposable income, allowing more people to afford rental properties. The government has also implemented various reforms to improve the business environment and attract foreign investment, which has had a positive impact on the real estate market. In conclusion, the Residential Real Estate Leases market in Ukraine is experiencing significant growth due to increasing customer preferences for rental properties, the rise of co-living spaces, local special circumstances such as political and economic challenges, and underlying macroeconomic factors such as urbanization and economic growth.
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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