Key regions: Germany, Europe, Asia, United States, United Kingdom
The Residential Real Estate Transactions market in Kazakhstan has been experiencing steady growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the Residential Real Estate Transactions market in Kazakhstan have been influenced by various factors. One key preference is for modern and well-equipped properties that offer a high level of comfort and convenience. Customers are also increasingly looking for properties in desirable locations, such as city centers or areas with good infrastructure and amenities. Additionally, there is a growing demand for properties that offer a range of facilities, such as parking spaces, green spaces, and recreational areas. Several trends have emerged in the Residential Real Estate Transactions market in Kazakhstan. One notable trend is the increasing popularity of online platforms for property searches and transactions. These platforms provide customers with a convenient and efficient way to search for properties and connect with sellers or agents. Another trend is the rise of mixed-use developments, which combine residential, commercial, and recreational spaces in a single complex. This trend reflects the growing desire for integrated and multifunctional living environments. Local special circumstances also play a role in shaping the Residential Real Estate Transactions market in Kazakhstan. One such circumstance is the government's efforts to promote affordable housing. Various initiatives have been implemented to facilitate access to housing for low-income individuals and families. These initiatives include the provision of subsidies, preferential mortgage rates, and the construction of affordable housing units. Additionally, the government has implemented measures to attract foreign investors and stimulate the real estate market, such as offering tax incentives and simplifying administrative procedures. Underlying macroeconomic factors have also contributed to the development of the Residential Real Estate Transactions market in Kazakhstan. Economic growth and increasing prosperity have led to a rise in disposable incomes, enabling more individuals and families to enter the property market. Additionally, low interest rates and favorable mortgage conditions have made property ownership more accessible. The stability of the country's political and economic environment has also contributed to investor confidence and the overall growth of the market. In conclusion, the Residential Real Estate Transactions market in Kazakhstan is experiencing growth due to customer preferences for modern and well-equipped properties, trends such as the use of online platforms and mixed-use developments, local special circumstances including government initiatives to promote affordable housing, and underlying macroeconomic factors such as economic growth and favorable mortgage conditions. This combination of factors has created a favorable environment for the development of the market in Kazakhstan.
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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