The Residential Real Estate Transactions market in Moldova is experiencing steady growth and development, driven by various factors such as customer preferences, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Residential Real Estate Transactions market in Moldova are influenced by several factors. Firstly, there is a growing demand for affordable housing options, particularly among young professionals and first-time homebuyers. This has led to an increase in the construction and sale of smaller, more affordable residential properties. Additionally, there is a preference for properties located in urban areas, close to amenities such as schools, shopping centers, and public transportation. Trends in the market include an increase in the number of real estate transactions, as more individuals and families are looking to invest in residential properties. This trend is supported by low interest rates on mortgages, making it more affordable for buyers to finance their purchases. Furthermore, there is a growing interest in sustainable and energy-efficient housing options, with developers incorporating eco-friendly features into their projects. Local special circumstances play a significant role in shaping the Residential Real Estate Transactions market in Moldova. The country's economic and political stability, as well as its strategic location between Eastern Europe and Western Asia, make it an attractive destination for foreign investors. This has led to an influx of foreign capital into the real estate sector, driving demand and contributing to price appreciation. Additionally, the government has implemented various policies and initiatives to support the growth of the real estate market, including tax incentives for developers and streamlined processes for property transactions. Underlying macroeconomic factors also contribute to the development of the Residential Real Estate Transactions market in Moldova. The country's strong economic growth, coupled with low inflation and a stable currency, creates a favorable environment for real estate investment. Furthermore, the increasing urbanization and population growth in Moldova are driving the demand for residential properties. The government's focus on infrastructure development, including the improvement of transportation networks and the expansion of urban areas, also plays a role in attracting both local and foreign investors to the market. In conclusion, the Residential Real Estate Transactions market in Moldova is experiencing growth and development due to customer preferences for affordable and well-located properties, as well as trends such as increased real estate transactions and a focus on sustainability. Local special circumstances, including foreign investment and government support, further contribute to the market's growth. Underlying macroeconomic factors, such as economic stability and population growth, also play a significant role in shaping the market.
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.
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