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Key regions: Germany, Europe, Asia, United States, United Kingdom
The Residential Real Estate Transactions market in Central & Western Europe has been experiencing significant growth in recent years. Customer preferences in the market have shifted towards more urban and convenient locations. Buyers are increasingly looking for properties that are close to amenities such as schools, shopping centers, and public transportation. Additionally, there is a growing demand for properties with modern features and amenities, such as smart home technology and energy-efficient appliances. Trends in the market include an increase in the number of international buyers, particularly from Asia and the Middle East. These buyers are attracted to the stability and investment potential of the Central & Western European market. Additionally, there has been a rise in the number of buyers looking for second homes or vacation properties in popular tourist destinations. Local special circumstances in the market include the impact of government policies and regulations on the real estate sector. In some countries, there are restrictions on foreign buyers, which can affect the demand for properties. Additionally, there may be specific regulations regarding zoning and development, which can impact the supply of available properties. Underlying macroeconomic factors driving the growth of the Residential Real Estate Transactions market in Central & Western Europe include low interest rates and favorable financing conditions. These factors have made it easier for buyers to obtain mortgages and invest in real estate. Additionally, economic stability and strong GDP growth in the region have increased consumer confidence and purchasing power. In conclusion, the Residential Real Estate Transactions market in Central & Western Europe is experiencing growth due to changing customer preferences, international demand, favorable financing conditions, and economic stability. However, local special circumstances and government policies can impact the market dynamics in each country.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)