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Residential Real Estate Transactions - Laos

Laos
  • In Laos, the market segment for Residential Real Estate Transactions market is anticipated to witness a significant increase in transaction value, with projections indicating a reach of US$704.05m by the year 2025.
  • Moreover, the market is expected to exhibit an annual growth rate of 2.16% (CAGR 2025-2029), leading to a market volume of US$766.98m by 2029.
  • Laos' residential real estate market is experiencing a surge in demand as foreign investors recognize the country's untapped potential.

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.
In-Scope
  • Overall revenue generated by residential real estate transactions
Out-Of-Scope
  • Commercial real estate transactions
  • Revenue of real estate agencies
  • Revenue of construction companies
Residential Real Estate: market data & analysis - Cover

Market Insights report

Residential Real Estate: market data & analysis
Study Details

    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Residential Real Estate Transactions market in Laos has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Residential Real Estate Transactions market in Laos have been shifting towards urban living, with an increasing demand for modern and well-designed properties in prime locations. This trend can be attributed to the growing urbanization in the country, as more people are moving from rural areas to cities in search of better job opportunities and improved living standards. Additionally, the younger generation in Laos is becoming more financially independent and is looking to invest in real estate as a means of securing their future. Trends in the market indicate a rise in the development of condominiums and serviced apartments in urban areas. This can be attributed to the increasing number of expatriates and foreign investors in Laos, who are looking for high-quality accommodation options. The development of these types of properties also caters to the growing demand for urban living and offers a range of amenities and services that appeal to both local and international buyers. Local special circumstances, such as government initiatives and policies, have also contributed to the growth of the Residential Real Estate Transactions market in Laos. The government has implemented measures to attract foreign investment in the real estate sector, including offering tax incentives and streamlining the process of property ownership for foreigners. These initiatives have encouraged both local and international investors to enter the market, further driving the demand for residential properties. Underlying macroeconomic factors, such as economic growth and stability, have played a significant role in the development of the Residential Real Estate Transactions market in Laos. The country has experienced steady economic growth in recent years, which has resulted in an increase in disposable income and purchasing power. This, coupled with low interest rates and favorable mortgage options, has made real estate investment more accessible and attractive to both individuals and businesses. In conclusion, the Residential Real Estate Transactions market in Laos is experiencing growth due to customer preferences for urban living, the development of condominiums and serviced apartments, government initiatives, and favorable macroeconomic factors. These factors have created a conducive environment for real estate investment and are likely to continue driving the market in the coming years.

    Transaction Value

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Living Space

    Most recent update: Jul 2024

    Source: Statista Market Insights

    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.

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    Residential Real Estate: market data & analysis - BackgroundResidential Real Estate: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Jan 2025

    Source: Statista Market Insights

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