Key regions: France, United Kingdom, Australia, Japan, China
The Residential Real Estate Leases market in Eastern Europe has been experiencing significant 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 Residential Real Estate Leases market in Eastern Europe have been shifting towards more flexible and affordable housing options. Renting a property has become increasingly popular among young professionals and families, as it offers the flexibility to move to different locations without the commitment of buying a property. Additionally, the rising cost of homeownership and the desire for a hassle-free living experience have also contributed to the increasing demand for rental properties. Trends in the market indicate a growing supply of residential rental properties in Eastern Europe. Real estate developers and investors have recognized the potential of the rental market and have been focusing on the construction of purpose-built rental properties. This trend has been particularly prominent in major cities, where the demand for rental properties is high due to urbanization and the concentration of job opportunities. Furthermore, the emergence of online platforms and digital marketplaces has made it easier for landlords and tenants to connect, facilitating the growth of the rental market. Local special circumstances, such as the availability of land and government regulations, have also influenced the development of the Residential Real Estate Leases market in Eastern Europe. In some countries, land scarcity and strict zoning regulations have limited the construction of new residential properties, leading to a higher demand for rental properties. Additionally, favorable government policies, such as tax incentives for real estate investors and the implementation of tenant protection laws, have also contributed to the growth of the rental market. Underlying macroeconomic factors have played a significant role in the development of the Residential Real Estate Leases market in Eastern Europe. Economic growth, increasing urbanization, and a growing middle class have created a favorable environment for the rental market. As the economy expands, more job opportunities are being created, attracting people from rural areas to urban centers. This influx of population has increased the demand for rental properties, driving the growth of the market. In conclusion, the Residential Real Estate Leases market in Eastern Europe is experiencing growth due to customer preferences for flexible and affordable housing options, market trends towards purpose-built rental properties, local special circumstances such as land availability and government regulations, and underlying macroeconomic factors such as economic growth and urbanization. This growth is expected to continue as the demand for rental properties remains strong in the region.
Data coverage:
Figures are based on total and average revenue of residential apartment leases.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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