Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in United States has been experiencing significant growth and development in recent years.
Customer preferences: One of the main factors driving the growth in the Real Estate market in United States is the increasing demand for housing. With a growing population and a strong economy, more people are looking to buy homes or invest in real estate properties. Additionally, there has been a shift in customer preferences towards more sustainable and energy-efficient homes. Buyers are now looking for properties that are not only aesthetically pleasing but also environmentally friendly.
Trends in the market: One of the major trends in the Real Estate market in United States is the rise of urbanization. More people are moving to cities, leading to an increased demand for housing in urban areas. This has resulted in the development of high-rise condominiums and apartment complexes in major cities. Additionally, there is a growing trend of mixed-use developments, where residential, commercial, and retail spaces are combined in a single project. Another trend in the Real Estate market in United States is the increasing popularity of real estate investment trusts (REITs). REITs allow individuals to invest in real estate properties without actually owning them. This has made real estate investment more accessible to a wider range of investors, leading to increased investment in the market.
Local special circumstances: One of the unique aspects of the Real Estate market in United States is the presence of a diverse range of property types. From single-family homes to luxury condominiums, there is a wide variety of options available for buyers. This diversity in the market caters to different customer preferences and budgets. Another special circumstance in the Real Estate market in United States is the impact of government policies and regulations. The real estate industry is heavily regulated, with strict zoning laws and building codes. These regulations can have a significant impact on the development and pricing of properties.
Underlying macroeconomic factors: The growth in the Real Estate market in United States can be attributed to several underlying macroeconomic factors. The strong economy and low unemployment rate have increased consumer confidence and purchasing power. Additionally, low interest rates have made borrowing more affordable, encouraging more people to invest in real estate. In conclusion, the Real Estate market in United States is experiencing growth and development due to increasing customer preferences for sustainable and energy-efficient homes, the rise of urbanization, the popularity of REITs, and the presence of diverse property types. The impact of government policies and regulations, as well as underlying macroeconomic factors such as a strong economy and low interest rates, also contribute to the growth of the market.
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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