Residential Real Estate Transactions - Eastern Asia

The Residential Real Estate Transactions market market in Eastern Asia is projected to reach a transaction value of US$2.58tn in 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 1.75%, leading to a market volume of US$2.81tn by 2029.
In China, the residential real estate market is experiencing a surge in demand due to favorable government policies and increased urbanization.

Definition:

Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.

Additional information:

The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.

Overall revenue generated by residential real estate transactions

Commercial real estate transactions
Revenue of real estate agencies
Revenue of construction companies

The Residential Real Estate Transactions market in Eastern Asia has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to the development of this market. Customer preferences in Eastern Asia have played a crucial role in shaping the Residential Real Estate Transactions market. The rising middle class and increased urbanization in countries like China, Japan, and South Korea have led to a growing demand for residential properties. Customers in these countries are increasingly looking for modern and well-designed homes that offer convenience and amenities. Additionally, there is a strong preference for properties located in prime locations with good transportation links and access to quality education and healthcare facilities. Trends in the market have also contributed to the growth of the Residential Real Estate Transactions market in Eastern Asia. One notable trend is the increasing popularity of high-rise apartment buildings. With limited land availability in urban areas, developers have turned to vertical construction to meet the growing demand for housing. This trend has not only provided more housing options but has also led to the development of vibrant communities with shared amenities and services. Another trend in the market is the rise of smart homes. Customers in Eastern Asia are increasingly interested in properties that offer advanced technology and automation features. Smart home systems that allow for remote control of appliances, lighting, and security systems are becoming more common in residential properties. This trend is driven by the desire for convenience, energy efficiency, and enhanced security. Local special circumstances also play a role in the development of the Residential Real Estate Transactions market in Eastern Asia. For example, in China, the government has implemented policies to stimulate the real estate market, such as relaxed restrictions on property purchases and favorable mortgage rates. These measures have led to increased investment in the residential property sector. Underlying macroeconomic factors have also contributed to the growth of the Residential Real Estate Transactions market in Eastern Asia. Economic growth, low interest rates, and favorable demographic trends have created a conducive environment for real estate development. As the economies of countries in Eastern Asia continue to grow, more people have the means to invest in residential properties, further driving the market. In conclusion, the Residential Real Estate Transactions market in Eastern Asia is developing rapidly due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The rising middle class, urbanization, and demand for modern homes have fueled the growth of this market. High-rise apartment buildings and smart homes have emerged as popular trends, while government policies and favorable macroeconomic conditions have provided further impetus to the market. The future of the Residential Real Estate Transactions market in Eastern Asia looks promising as these factors continue to shape its development.

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.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Residential Real Estate Transactions - Eastern Asia

Volume

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Transaction Value

Methodology

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Residential Real Estate Transactions - Eastern Asia

In-Scope

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Real Estate

Related markets:

Residential Real Estate: market data & analysis

Volume

Analyst Opinion

Transaction Value

Methodology

Financial

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Explore more high-quality data on related topic

Global housing market - statistics & facts

Explore more high-quality data on related topic

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Explore more high-quality data on related topic

Residential real estate in India - statistics and facts