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Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in Tajikistan has been experiencing significant growth and development in recent years.
Customer preferences: Customers in Tajikistan have shown a strong preference for residential properties, particularly in urban areas. The demand for housing has been driven by a growing population and an increasing number of young professionals seeking affordable and modern housing options. Additionally, there has been a rise in demand for commercial properties, including office spaces and retail units, as the country's economy continues to expand.
Trends in the market: One of the key trends in the real estate market in Tajikistan is the construction of high-rise buildings in urban areas. This trend can be attributed to the limited availability of land in cities, leading developers to build vertically to accommodate the growing demand for housing and commercial spaces. Another trend is the focus on sustainable and energy-efficient buildings, as customers are becoming more conscious of environmental issues and are willing to pay a premium for properties that are eco-friendly.
Local special circumstances: Tajikistan's real estate market is also influenced by local special circumstances. The country's strategic location along the Silk Road has attracted foreign investors, particularly from China, who are investing in infrastructure projects and real estate developments. This foreign investment has contributed to the growth of the market and has led to the construction of modern and high-quality properties.
Underlying macroeconomic factors: Several macroeconomic factors have contributed to the development of the real estate market in Tajikistan. The country has experienced steady economic growth in recent years, driven by investments in infrastructure, agriculture, and manufacturing sectors. This economic growth has resulted in an increase in disposable income and improved living standards, leading to a higher demand for real estate properties. Furthermore, the government of Tajikistan has implemented policies and reforms to attract foreign direct investment and promote the real estate sector. These include the simplification of procedures for obtaining construction permits and the introduction of tax incentives for real estate developers. These measures have created a favorable business environment and have encouraged both domestic and foreign investors to invest in the real estate market. In conclusion, the Real Estate market in Tajikistan is experiencing significant growth and development due to customer preferences for residential and commercial properties, the construction of high-rise buildings, the focus on sustainability, foreign investment, and underlying macroeconomic factors such as economic growth and government policies. These factors have created a positive outlook for the real estate market in Tajikistan and are expected to continue driving its growth in the future.
Data coverage:
Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, 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:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are 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)