Market Insights Financial Real Estate Residential Real Estate

Residential Real Estate Transactions - EAEU

EAEU

The market segment of Residential Real Estate Transactions market in the country in Eurasian Economic Union (EAEU) is projected to witness a significant increase in transaction value, reaching a staggering US$60.46bn by 2024.
This anticipated growth is expected to be driven by an annual growth rate of 1.19% from 2024 to 2029.
Consequently, the market volume is predicted to expand to a remarkable US$64.14bn by the end of 2029.
In the EAEU, the residential real estate market is experiencing a surge in demand, driven by favorable government policies and increasing foreign investment.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Residential Real Estate Transactions market in EAEU is experiencing significant growth and development.

Customer preferences: Customers in the EAEU region have shown a strong preference for residential real estate transactions. This can be attributed to several factors, including the desire for stable and secure investments, the need for housing due to population growth, and the increasing urbanization in the region. Additionally, customers in the EAEU are increasingly looking for properties that offer modern amenities and are located in convenient locations.

Trends in the market: One of the key trends in the residential real estate transactions market in the EAEU is the increasing demand for affordable housing. As the population in the region continues to grow, there is a need for more housing options at affordable prices. This has led to the development of new residential projects that cater to the needs of middle-income individuals and families. Another trend in the market is the rise of sustainable and eco-friendly housing. Customers in the EAEU are becoming more conscious of the environmental impact of their housing choices and are seeking properties that are energy-efficient and built with sustainable materials. This trend is driven by both government regulations and customer preferences.

Local special circumstances: The residential real estate transactions market in the EAEU is influenced by several local special circumstances. One such circumstance is the presence of a large number of foreign investors in the market. These investors are attracted to the region due to its strategic location, natural resources, and potential for economic growth. Their presence in the market has led to an increase in demand for high-end properties and luxury developments. Another special circumstance in the EAEU market is the impact of government policies and regulations. Governments in the region have implemented various measures to stimulate the real estate market, such as tax incentives for homebuyers and developers. These policies have contributed to the growth of the residential real estate transactions market in the EAEU.

Underlying macroeconomic factors: Several underlying macroeconomic factors are driving the development of the residential real estate transactions market in the EAEU. One such factor is the region's economic growth. The EAEU countries have experienced steady economic growth in recent years, which has resulted in an increase in disposable income and purchasing power. This, in turn, has led to an increase in demand for residential properties. Another macroeconomic factor is the low interest rates in the region. Central banks in the EAEU have implemented accommodative monetary policies to stimulate economic growth, which has resulted in low borrowing costs. This has made it more affordable for individuals and families to purchase residential properties, further driving the growth of the market. In conclusion, the residential real estate transactions market in the EAEU is experiencing significant growth and development. Customer preferences, such as the demand for affordable housing and sustainable properties, are driving the market trends. Local special circumstances, such as the presence of foreign investors and government policies, are also influencing the market. Underlying macroeconomic factors, including economic growth and low interest rates, are further supporting the development of the market.

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.