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Key regions: Germany, Europe, Asia, United States, United Kingdom
The Residential Real Estate Transactions market in Equatorial Guinea is experiencing significant growth and development.
Customer preferences: Customers in Equatorial Guinea have shown a strong preference for investing in residential real estate. This is driven by several factors, including the desire for a safe and secure investment, the potential for high returns, and the cultural importance of homeownership. Additionally, the growing middle class in Equatorial Guinea is fueling demand for residential properties, as more individuals are able to afford to purchase homes.
Trends in the market: One of the key trends in the residential real estate market in Equatorial Guinea is the increasing demand for luxury properties. As the country's economy continues to grow and attract foreign investment, there is a rising demand for high-end residential properties, especially in urban areas. This trend is driven by the desire for luxury amenities, such as swimming pools, gyms, and security features, as well as the prestige associated with owning a luxury property. Another trend in the market is the development of gated communities and residential complexes. These developments offer a range of amenities and services, such as 24-hour security, recreational facilities, and maintenance services. This trend is driven by the desire for a convenient and secure living environment, as well as the increasing urbanization of Equatorial Guinea.
Local special circumstances: Equatorial Guinea has a relatively small population and limited land availability, which has led to a scarcity of residential properties. This scarcity has driven up property prices and created a competitive market for buyers. Additionally, the high cost of construction materials and labor in Equatorial Guinea has contributed to the high cost of residential properties.
Underlying macroeconomic factors: The development of the residential real estate market in Equatorial Guinea is supported by several macroeconomic factors. The country's strong economic growth, driven by the oil and gas industry, has created wealth and increased disposable incomes. This has allowed more individuals to enter the property market and invest in residential properties. Furthermore, the government of Equatorial Guinea has implemented policies and initiatives to support the growth of the real estate sector. These include the establishment of a mortgage finance system, the simplification of property registration processes, and the promotion of foreign investment in the real estate sector. These measures have helped to attract both domestic and foreign investors to the residential real estate market in Equatorial Guinea. In conclusion, the residential real estate transactions market in Equatorial Guinea is developing rapidly due to customer preferences for safe and secure investments, the growing middle class, and cultural importance of homeownership. The market is characterized by a demand for luxury properties and the development of gated communities and residential complexes. The scarcity of residential properties, high construction costs, strong economic growth, and government support are driving the growth of the market.
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)