Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in South America is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive growth. Customer preferences in the South American Real Estate market have shifted towards urban living. As the population continues to grow and urbanization increases, there is a higher demand for residential properties in cities. Customers are looking for convenient locations with easy access to amenities such as shopping centers, schools, and transportation. Additionally, there is a growing interest in sustainable and eco-friendly properties, reflecting a global trend towards environmentally conscious living. Trends in the South American Real Estate market are driven by various factors. One major trend is the rise of mixed-use developments. Developers are creating projects that combine residential, commercial, and recreational spaces in a single location. This trend is driven by the desire for convenience and the need to optimize land use in urban areas. Mixed-use developments offer residents the opportunity to live, work, and play in the same vicinity, reducing commuting time and increasing overall quality of life. Another trend is the increasing popularity of real estate investment. South America has become an attractive destination for both domestic and international investors. The region offers a diverse range of investment opportunities, from residential properties to commercial buildings and land development projects. Investors are attracted to the potential for high returns and the stability of the South American market. Local special circumstances also play a role in the development of the South American Real Estate market. Government policies and regulations can impact the market dynamics. For example, some countries in South America have implemented incentives and tax breaks to encourage real estate development and investment. These policies aim to stimulate economic growth and attract foreign investment. Underlying macroeconomic factors contribute to the growth of the South American Real Estate market. Economic stability and GDP growth are key drivers of real estate development. As the economy continues to grow, people have more disposable income to invest in properties. Additionally, low interest rates make it more affordable for individuals to purchase homes and for developers to finance projects. In conclusion, the Real Estate market in South America is experiencing growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The shift towards urban living, the rise of mixed-use developments, and the increasing popularity of real estate investment are all contributing to the positive growth of the market. With supportive government policies and a stable macroeconomic environment, the South American Real Estate market is poised for continued expansion in the coming years.
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.
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