Key regions: Europe, Asia, Australia, United States, Germany
Israel's Residential Real Estate market has been experiencing significant development and growth in recent years. Customer preferences in the market are driven by several factors. Firstly, there is a strong demand for housing due to a growing population and an increasing number of households. This has led to a need for more residential properties, particularly in urban areas. Additionally, there is a preference for modern and well-designed homes that offer a high standard of living. Customers are also seeking properties that are located in close proximity to amenities such as schools, shopping centers, and public transportation. Trends in the market show a shift towards urban living. As more people are moving to cities for work and lifestyle opportunities, there is a growing demand for residential properties in urban areas. This has led to the development of high-rise apartment buildings and mixed-use complexes that offer a combination of residential, commercial, and retail spaces. Furthermore, there is an increasing trend towards sustainable and energy-efficient homes, as customers are becoming more conscious of the environmental impact of their living spaces. Local special circumstances in Israel's Residential Real Estate market include the unique geopolitical situation of the country. The demand for housing is also driven by factors such as immigration and the return of Israeli citizens from abroad. Additionally, the Israeli government has implemented policies to encourage home ownership, such as providing financial incentives and subsidies for first-time buyers. These factors contribute to the growth and development of the market. Underlying macroeconomic factors play a significant role in the development of Israel's Residential Real Estate market. The country's strong economic growth, low unemployment rate, and favorable interest rates have created a favorable environment for investment in the real estate sector. Additionally, the stability of the Israeli shekel and the country's robust financial system have attracted both domestic and international investors to the market. These factors have contributed to the increase in property prices and the overall growth of the market. In conclusion, Israel's Residential Real Estate market is experiencing significant development and growth driven by customer preferences for urban living, modern and well-designed homes, and proximity to amenities. The unique geopolitical situation, government policies, and underlying macroeconomic factors contribute to the growth and development of the market.
Data coverage:
Figures are based on total and average value of residential real estate, residential estate transactions and leases.Modeling approach:
Market size is determined by a combined top-down and 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 are considered at a country-specific level.
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