Residential Real Estate Transactions - Tajikistan

The market segment of Residential Real Estate Transactions market in Tajikistan is anticipated to witness a significant increase in transaction value.
According to projections, by 2024, the transaction value is expected to reach US$436.40m.
Looking ahead, the market is forecasted to exhibit an annual growth rate (CAGR 2024-2029) of 5.07%.
Consequently, this growth is projected to lead to a market volume of US$558.80m by 2029.
The residential real estate market in Tajikistan is experiencing a surge in demand due to government initiatives promoting homeownership.

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 Tajikistan has been experiencing significant growth in recent years, driven by several factors.

Customer preferences: Customer preferences in the Residential Real Estate Transactions market in Tajikistan have been influenced by a variety of factors. One key preference is for affordable housing options, as many residents are looking for properties that fit within their budget. Additionally, there is a growing demand for properties with modern amenities and convenient locations, as residents seek convenience and a higher quality of life.

Trends in the market: One major trend in the Residential Real Estate Transactions market in Tajikistan is the increasing number of transactions taking place. This can be attributed to a growing population and urbanization, as more people are moving to cities and seeking housing options. Another trend is the rise in the construction of new residential projects, as developers are capitalizing on the demand for housing. Additionally, there is a trend towards the development of mixed-use properties, which combine residential and commercial spaces to cater to the needs of residents.

Local special circumstances: One local special circumstance that has contributed to the development of the Residential Real Estate Transactions market in Tajikistan is the government's focus on promoting the construction and development sector. The government has implemented policies and initiatives to attract investment in the real estate sector, which has resulted in increased construction activity and the availability of more housing options. Additionally, the government has made efforts to streamline the process of obtaining construction permits and licenses, making it easier for developers to start new projects.

Underlying macroeconomic factors: Several underlying macroeconomic factors have contributed to the growth of the Residential Real Estate Transactions market in Tajikistan. One key factor is the country's strong economic growth, which has resulted in increased disposable income and improved living standards. This has led to a greater demand for housing and an increase in real estate transactions. Additionally, low interest rates and favorable mortgage lending conditions have made it easier for individuals to finance the purchase of homes, further driving market growth. Furthermore, the government's investment in infrastructure development has improved connectivity and accessibility, making certain areas more attractive for residential real estate investment.

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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Soaring inflation and aggressive mortgage interest rate hikes cooled the European housing market after a nearly decade-long period of growth. Since 2015, house prices in the European Union have grown by about 50 percent. When inflation in Europe started to rise at an alarming rate in 2021, the European Central Bank increased interest rates, resulting in substantially higher mortgage interest rates and a decline in homebuying. But how important is homeownership for Europeans?

Generally considered the third key pillar of the food, clothing, and shelter trinity popularized in India over generations, owning a home is still prioritized as a measure of financial security by a vast majority of the Indian population. The COVID-19 pandemic with its successive lockdowns and restrictions to stay within the confines of one’s home, further reinforced this vision. India’s growing urban population, rising household incomes, and decade-long low-interest rates have been propelling the demand for residential units, driving up the sales volume. Even though the residential real estate sector was severely hit in 2020, it marked a strong recovery in consecutive years, crossing pre-COVID sales figures.

Residential Real Estate Transactions - Tajikistan

Volume

Analyst Opinion

Transaction Value

Living Space

Methodology

Financial

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Residential Real Estate Transactions - Tajikistan

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Real Estate

Related markets:

Residential Real Estate: market data & analysis

Volume

Analyst Opinion

Transaction Value

Living Space

Methodology

Financial

Access more Market Insights on Financial topics with our featured report

Key Market Indicators

Explore more high-quality data on related topic

Global housing market - statistics & facts

Explore more high-quality data on related topic

Residential real estate in Europe - statistics & facts

Explore more high-quality data on related topic

Residential real estate in India - statistics and facts