Residential Real Estate in Europe – Market Share Analysis, Industry Trends and Statistics, Growth Forecast 2020

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European residential real estate market Average monthly rental cost of furnished one-bedroom apartments in Europe Major cities in euros Q1 2022

European residential real estate market Average monthly rental cost of furnished one-bedroom apartments in Europe Major cities in euros Q1 2022European residential real estate market Average monthly rental cost of furnished one-bedroom apartments in Europe Major cities in euros Q1 2022

European residential real estate market Average monthly rental cost of furnished one-bedroom apartments in Europe Major cities in euros Q1 2022

Dublin, March 27, 2024 (GLOBE NEWSWIRE) — The “Residential Real Estate – Market Share Analysis, Industry Trends and Statistics, Growth Forecasts 2020 – 2029” report has been added to the ResearchAndMarkets.com’s The offer of

The residential real estate market size in Europe is estimated at USD 1.95 trillion in 2024 and is expected to reach USD 2.43 trillion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).

The demand for affordable residential real estate is increasing thus driving the market. Moreover, there is a significant rise in prices in the market, so investors are showing interest in investing in the market.

Main points

  • Like other real estate assets, the European housing market has been gradually displaced by the health crisis. The two main trends affecting real estate over the past few years are the demand for space, which has led to larger homes and apartments, and the return to nature, which has resulted in a move from the city to the countryside. The multi-family real estate model, which is currently booming in the Italian market, is a new trend that has also started to emerge.

  • From a pricing perspective, housing markets are experiencing slight growth in most cases despite the general uncertainty surrounding the economy. Many countries have reported unprecedented demand for new housing immediately after tighter lockdowns. Furthermore, this trend is expected to continue throughout 2022, which could support further price growth.

  • After an annual increase of 5% in Q1 2022, the number of outstanding residential mortgages increased by 4.2% in Q2 2022 compared to the same period a year ago. According to the latest gross home loan data, total value fell by -1% year-on-year (compared to Q2 2021), ending a streak of 5 quarters of steady year-over-year growth. Gross lending as a whole reached around 395 billion euros (roughly $423.56 billion), the largest level since the second quarter of 2021.

  • Recent geopolitical developments in Europe affected activity, which resumed after a few-year hiatus from the epidemic, and the inflation rate reached the highest level in several years (+5.3% over the past year). The residential real estate market is also significantly affected. In Q4 2021, mortgage rates in the Eurozone remained stable at 1.31%, historically low. Across 12 countries, the number of transactions is increasing by an average of 17%, while residential rental values ​​increased by 1.8% last year.

Increase in prices of new housing transactions in support of the market

  • Housing prices have increased by 18.2% in Q2 2022 compared to the same quarter a year ago. As a result, the Netherlands continues to be among the top five EU countries with the highest house price growth. New data from Statistics Netherlands (CBS), Cadastre Netherlands, Land Registration and Mapping Agency (Kadaster) and Eurostat support this. Transaction prices for new and used owner-occupied homes are present in the housing price index. In Q2 2022, average house price growth across the EU was close to 10%. After Estonia (+27%), the Czech Republic (+23%), Hungary (+23%) and Lithuania (+22%), the Netherlands experienced the most significant increase in house prices.

  • The average transaction price for a newly constructed home increased by 16.9% in the second quarter of 2022 compared to the same quarter of the previous year. In addition, it was the first time that the average sales price for new construction homes went beyond 500,000 euros (531,500 USD). Existing owner-occupied homes typically cost 18.4% more than new. Compared to the first quarter of 2022, when it reached a record 20.3%, this increase was less significant.

  • More than 47,000 owner-occupied homes were sold in the second quarter of 2022. That represents a 10.2% decrease from the same quarter last year, but a 7.9% increase from the first quarter of 2022. The number of new homes sold was down 13.8% year over year to about 8,000 transactions.

The rental segment showing significant growth in the market

  • Rents are rising due to a combination of factors, including a lack of available space, high land and building costs, and the desire of highly compensated workers to live downtown in desirable areas.

A selection of companies mentioned in this report includes, but is not limited to:

For more information about this report, visit https://www.researchandmarkets.com/r/wfbijn

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