Key regions: France, United Kingdom, Australia, Japan, China
The Residential Real Estate Leases market in France is experiencing significant growth and development.
Customer preferences: Customers in the Residential Real Estate Leases market in France are increasingly seeking long-term rental options rather than purchasing properties. This shift in preference can be attributed to various factors such as rising property prices, stricter mortgage regulations, and changing lifestyles. Renting provides flexibility and allows individuals to avoid the financial burden of homeownership. Additionally, the younger generation, including millennials, are more inclined towards renting as it offers them the freedom to relocate for work or personal reasons.
Trends in the market: One of the key trends in the Residential Real Estate Leases market in France is the increasing demand for furnished rental properties. This trend is driven by the growing number of expatriates and international students in the country who prefer ready-to-move-in accommodations. Furnished rentals not only save tenants the hassle of buying furniture but also provide a more convenient living experience. Another trend in the market is the emergence of co-living spaces. Co-living offers individuals the opportunity to live in shared accommodations, often with communal spaces and amenities. This trend is particularly popular among young professionals and students who value community living and cost-sharing. Co-living spaces also cater to the growing demand for affordable housing in urban areas.
Local special circumstances: France has a strong rental culture, with a significant proportion of the population preferring to rent rather than buy property. This cultural preference is deeply rooted in historical and social factors. Renting is seen as a more secure and flexible option, allowing individuals to adapt to changing circumstances without the financial burden of homeownership. Additionally, the French government has implemented regulations to protect tenants' rights, providing them with security and stability in the rental market. These regulations include rent control measures and restrictions on eviction, ensuring that tenants are not subjected to excessive rent increases or arbitrary eviction.
Underlying macroeconomic factors: The Residential Real Estate Leases market in France is influenced by several macroeconomic factors. The overall economic stability and growth of the country play a significant role in driving demand for rental properties. When the economy is thriving, individuals have more disposable income, making renting an attractive option. Furthermore, the low interest rate environment in France has made borrowing more affordable, leading to an increase in property prices. This has further contributed to the growth of the rental market as many individuals find it more economical to rent rather than buy. In conclusion, the Residential Real Estate Leases market in France is experiencing growth and development due to changing customer preferences, including a shift towards long-term rentals and the demand for furnished and co-living spaces. The local special circumstances, such as the cultural preference for renting and tenant protection regulations, also contribute to the market's development. Additionally, underlying macroeconomic factors, such as economic stability and low interest rates, further drive the demand for rental properties in France.
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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