The Residential Real Estate Transactions market in Poland has been experiencing steady growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Polish real estate market have been shifting towards urban areas, with a growing demand for apartments and houses in cities. This can be attributed to the increasing urbanization and migration from rural areas to urban centers, as well as the convenience and amenities offered by city living. Additionally, there is a growing interest in modern and energy-efficient properties, reflecting a desire for sustainable and cost-effective living. Trends in the market indicate a strong demand for residential properties in Poland. This can be attributed to several factors, including favorable mortgage lending conditions, low interest rates, and government initiatives to support the housing market. The availability of affordable housing options and attractive investment opportunities have also contributed to the growth of the market. Furthermore, the development of new infrastructure projects, such as transportation networks and commercial centers, has increased the attractiveness of certain areas for residential real estate transactions. Local special circumstances in Poland have influenced the development of the residential real estate market. One such circumstance is the growing middle class, which has led to an increase in disposable income and purchasing power. This has created a demand for higher quality housing options and has driven the development of new residential projects. Additionally, the aging population in Poland has resulted in a need for specialized housing and retirement communities, creating opportunities for developers and investors in the residential real estate sector. Underlying macroeconomic factors have also played a role in the growth of the residential real estate transactions market in Poland. The country's strong economic performance, stable political environment, and favorable investment climate have attracted both domestic and international investors. Furthermore, Poland's membership in the European Union has facilitated access to funding and investment opportunities, contributing to the development of the real estate market. In conclusion, the Residential Real Estate Transactions market in Poland is experiencing steady growth due to customer preferences for urban living, market trends such as favorable lending conditions and government support, local special circumstances such as a growing middle class and aging population, and underlying macroeconomic factors including a strong economy and EU membership. These factors have created a favorable environment for residential real estate transactions and are likely to continue driving growth in 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.
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