Key regions: Germany, Europe, Asia, United States, United Kingdom
The Residential Real Estate Transactions market in Benelux is experiencing significant growth and development.
Customer preferences: Customers in the Benelux region have shown a strong preference for investing in residential real estate. This is due to several factors, including the stability of the housing market, attractive rental yields, and the potential for capital appreciation. Additionally, the region's high standard of living and quality of life make it an attractive destination for both local and international buyers.
Trends in the market: One major trend in the Benelux residential real estate market is the increasing demand for sustainable and energy-efficient properties. Buyers are increasingly looking for homes that have been built or renovated with environmentally friendly materials and technologies. This trend is driven by a growing awareness of the importance of sustainability and a desire to reduce energy consumption and carbon emissions. Another trend is the rise of co-living and co-working spaces in the region. With an increasing number of people working remotely or freelancing, there is a growing demand for flexible living and working arrangements. Co-living spaces offer shared living spaces and amenities, while co-working spaces provide shared office spaces and facilities. These types of spaces cater to the needs of young professionals and digital nomads who value community and flexibility.
Local special circumstances: One unique aspect of the Benelux residential real estate market is the prevalence of historic properties. The region is known for its beautiful and well-preserved historic buildings, which attract both local and international buyers. These properties often require special care and maintenance, but they also offer a unique charm and character that cannot be replicated in newer constructions.
Underlying macroeconomic factors: Several macroeconomic factors are driving the development of the residential real estate market in Benelux. The region's strong economic growth and low unemployment rates have increased disposable income and purchasing power, making it easier for individuals to invest in property. Additionally, low interest rates and favorable mortgage conditions have made it more affordable for buyers to finance their purchases. In conclusion, the Residential Real Estate Transactions market in Benelux is experiencing growth and development due to customer preferences for residential real estate, trends such as sustainable properties and co-living spaces, local special circumstances like historic properties, and underlying macroeconomic factors such as strong economic growth and low interest rates.
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.
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