Market Insights Financial Real Estate Residential Real Estate

Residential Real Estate Transactions - Americas

Americas

In the Americas, the market segment of Residential Real Estate Transactions market is anticipated to witness significant growth.
It is projected that by 2024, the transaction value of this market will reach a staggering US$1.65tn.
Moreover, it is expected that the market will continue to expand at an annual growth rate of 2.97% from 2024 to 2029 (CAGR 2024-2029).
This growth trajectory will ultimately lead to a market volume of US$1.91tn by 2029.
The residential real estate sector in the Americas is poised for substantial development and presents promising opportunities for investors and stakeholders.
The residential real estate market in the United States is currently experiencing a surge in demand due to low interest rates and a shortage of available inventory.

Key regions: Germany, Europe, Asia, United States, United Kingdom

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Analyst Opinion

The Residential Real Estate Transactions market in Americas 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 Americas region have played a crucial role in shaping the Residential Real Estate Transactions market. One key preference is the desire for homeownership, which has remained strong in many countries across the Americas. This preference is driven by factors such as the stability and security that owning a home provides, as well as the potential for long-term financial gains through property appreciation. Additionally, customers in the Americas often prioritize factors such as location, amenities, and property size when making real estate transactions. Trends in the market have also contributed to the growth of the Residential Real Estate Transactions market in the Americas. One notable trend is the increasing demand for urban living, particularly in major cities. This trend is driven by factors such as job opportunities, access to amenities and services, and the desire for a vibrant lifestyle. As a result, residential real estate transactions in urban areas have seen significant growth, with high-rise condominiums and apartments becoming increasingly popular. Another trend is the rise of sustainable and eco-friendly properties, as customers in the Americas are increasingly conscious of environmental issues and seek properties that align with their values. Local special circumstances also play a role in the development of the Residential Real Estate Transactions market in the Americas. For example, in countries such as the United States and Canada, low interest rates have made it more affordable for customers to finance their real estate transactions. This has led to increased demand for properties and higher transaction volumes. In addition, government policies and regulations, such as tax incentives for homeownership, can also impact the market dynamics in specific countries. Underlying macroeconomic factors have also contributed to the growth of the Residential Real Estate Transactions market in the Americas. Economic stability, low unemployment rates, and favorable GDP growth have created a conducive environment for real estate transactions. Additionally, population growth and urbanization have increased the demand for housing, driving the market forward. Overall, the Residential Real Estate Transactions market in the Americas is experiencing significant growth due to customer preferences for homeownership, trends in urban living and sustainability, local special circumstances such as low interest rates and government policies, and underlying macroeconomic factors such as economic stability and population growth. These factors are expected to continue shaping the market in the coming years, driving further growth and development in the region.

Methodology

Data coverage:

Figures are based on total and average revenue of residential real estate transactions (sales).

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.