The Residential Real Estate Transactions market in Chad has been experiencing significant growth in recent years, driven by a variety of factors. Chad is a landlocked country in Central Africa, known for its diverse landscapes and rich cultural heritage. Customer preferences in the Residential Real Estate Transactions market in Chad have been influenced by several factors. One key preference is for properties that offer a high level of security, as safety concerns are a top priority for buyers. Additionally, customers in Chad tend to prioritize properties that are located in close proximity to essential amenities such as schools, hospitals, and shopping centers. The demand for properties with modern infrastructure and amenities, such as reliable electricity and water supply, has also been on the rise. Trends in the market indicate a growing interest in urban living, particularly in major cities like N'Djamena, the capital of Chad. Rapid urbanization and population growth have led to an increase in demand for residential properties, both for purchase and rental purposes. This trend is driven by the migration of people from rural areas to urban centers in search of better economic opportunities and improved living conditions. Local special circumstances in Chad have contributed to the development of the Residential Real Estate Transactions market. The country has experienced political stability in recent years, which has boosted investor confidence and attracted foreign direct investment. This, in turn, has led to the development of infrastructure projects and the construction of new residential properties. Underlying macroeconomic factors have also played a role in the growth of the Residential Real Estate Transactions market in Chad. The country has witnessed steady economic growth, supported by its oil reserves and agricultural sector. This has resulted in increased disposable income and improved purchasing power among the population, driving demand for residential properties. In conclusion, the Residential Real Estate Transactions market in Chad is developing due to customer preferences for secure and well-located properties, as well as the trend of urbanization and population growth. Local special circumstances, such as political stability and foreign direct investment, have further contributed to market development. Underlying macroeconomic factors, including economic growth and increased disposable income, have also played a significant role.
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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