In a September 2020 survey among adults in the United States, over half of respondents said that their interest in buying a home had not changed due to the COVID-19 pandemic (** percent). However, Hispanic respondents were more likely to have changed their plans (** percent) compared to white respondents (** percent). In the United States, the 2020 homeownership rate reached **** percent.

In a September 2020 survey among adults in the United States, many respondents said that the COVID-19 pandemic did not change their interest in buying a home. Millennials were most likely to have changed their homeownership plans: ** percent of Millennials were more interested in buying a home due to the COVID-19 pandemic compared with **** percent of Baby Boomers.In the United States, the 2020 homeownership rate reached **** percent.

One of the expected impacts of the coronavirus (COVID-19) that brought the world to a halt in the first quarter of 2020 is the disruption to normal business activities and supply chains. The effect spreads through various industries and with the assumption of a ********* delay in construction activities, the forecast suggests property completions planned for 2020 in cities in the United Kingdom (UK) could decrease by more than *********, leading up to more completions in 2021 than originally planned. For more information on the Statista coverage of the coronavirus in the UK, see our report.

In a follow-up to his September article, “Commercial Banks Aid Canada’s Housing Market,” Lead Analyst Samuel Kanda explores deeper issues with Canada’s real estate market.

We’ve examined how pandemic-related to disruption to office working, retail operations and the hospitality sector has affected the real estate market.

Accelerated Russian ruble devaluation, caused by the coronavirus (COVID-19) expansion and sinking oil prices, generated an increasingly popular fear of a possible mortgage rate growth in the country. Consequently, the residential real estate demand growth led to increased prices in the secondary market. The highest increase was marked in Krasnoyarsk at two percent, while Moscow made it in the top three with a 1.5 percent increment on average.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Sweden Business Survey: COVID-19 Effect: SO: Services: Renting & Operating of Real Estate (RO): Response Rate data was reported at 58.000 % in 11 Aug 2021. This records an increase from the previous number of 55.000 % for 15 Jul 2021. Sweden Business Survey: COVID-19 Effect: SO: Services: Renting & Operating of Real Estate (RO): Response Rate data is updated daily, averaging 51.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 66.000 % in 09 Dec 2020 and a record low of 34.000 % in 29 Jul 2020. Sweden Business Survey: COVID-19 Effect: SO: Services: Renting & Operating of Real Estate (RO): Response Rate data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S009: Business Survey: COVID-19 Effect: Seizing Operations (Discontinued).

According to Cognitive Market Research, the global Residential Real Estate market size was USD 32651.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13060.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9795.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7509.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1632.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 653.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The single-family homes category is the fastest growing segment of the Residential Real Estate industry

Market Dynamics of Residential Real Estate Market

Key Drivers for Residential Real Estate Market

Increasing population drives housing demand to Boost Market Growth

Increasing population drives housing demand by creating a need for more residential spaces to accommodate growing numbers of people. As population rises, particularly in urban and suburban areas, demand for housing expands, fueling the residential real estate market. This is especially evident in countries experiencing rapid urbanization, where people move to cities seeking better job opportunities, education, and lifestyle options, further increasing housing needs. Additionally, population growth often correlates with the formation of new households, such as young families or individuals moving out on their own, intensifying the demand for housing units. In response, developers and investors are motivated to build more residential properties, ranging from single-family homes to multifamily units, contributing to market growth and driving real estate values upward. For instance, The Ashwin Sheth Group aims to broaden its residential and commercial offerings in the Mumbai Metropolitan Region (MMR) of India.

Rising incomes and economic stability to Drive Market Growth

Rising incomes and economic stability drive the residential real estate market by boosting consumers’ purchasing power and confidence in long-term investments like homeownership. As incomes increase, people can afford larger down payments, qualify for higher loan amounts, and manage mortgage payments more comfortably, making home buying a more viable option. Economic stability, characterized by low unemployment rates and steady GDP growth, reinforces this confidence, as individuals feel secure in their financial situations. With greater disposable income, many consumers seek to upgrade to larger homes, buy second properties, or invest in luxury real estate, further fueling demand. This economic backdrop attracts both local and foreign investors, leading to more housing developments, increased property values, and a flourishing residential real estate market.

Restraint Factor for the Residential Real Estate Market

High Property Prices will Limit Market Growth

High property prices restrain the residential real estate market by making homeownership unaffordable for a significant portion of the population. As prices rise, potential buyers, particularly first-time homeowners and low- to middle-income families, may find it challenging to secure adequate financing or meet the necessary down payment requirements. This affordability crisis limits the pool of qualified buyers, leading to slower sales and potential stagnation in market growth. Additionally, high property prices can prompt increased demand for rental properties, shifting focus away from home purchases. In markets where prices escalate rapidly, even affluent buyers may hesitate, fearing potential market corrections. Consequently, elevated property values can create a barrier to entry, ultimately restricting the overall health and vibrancy of the residential real estate market.

Impact of Covid-19 on the Residential Real Estate Market

The COVI...

According to a survey conducted from 24th to 26th March 2020, ** percent of the Thai respondents who earned less than ** thousand Thai baht per month, stated that they stopped purchasing real estate or property during the coronavirus (COVID-19) pandemic. Meanwhile, ** percent of the Thai respondents who earned monthly more than ** thousand Thai baht, delayed their purchase for such products during the pandemic in the country.

The Scandinavian residential real estate market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rapid urbanization, rapid development in Scandinavian countries, strict regulation by government on zoning, and rising immigration.

For groups of people, individuals, and families the houses are built under residential real estate. The residential type contains townhouses, single-family homes, condominiums, apartments, and other types of living arrangements. The permanent improvements such as bridges, water, fences, trees, homes, minerals, and buildings attached to the land, made by naturally & humans including real estate. Raw land, commercial, residential, industrial, and special uses are five main categories of real estate.



The covid-19 pandemic impacted the Scandinavian residential real estate market. Decreasing supply of raw materials, lockdown across the globe, and supply chain disorders forced companies to close down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Scandinavian Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

• Increasing number of household development project is estimated to boost the market.


• Rapid innovations in construction sector are the major factor fueling the market.


• Lack of awareness about residential real estate is projected to restrict the market expansion during the forecast period.


• High price of services is anti

Virtual Real Estate Market Outlook

According to our latest research, the global virtual real estate market size reached USD 1.3 billion in 2024, showcasing robust momentum in digital asset trading and immersive experiences. With a calculated compound annual growth rate (CAGR) of 32.8% from 2025 to 2033, the market is forecasted to attain a value of USD 14.2 billion by 2033. This impressive growth trajectory is primarily propelled by rising investments in metaverse platforms, the mainstream adoption of blockchain technology, and increasing consumer and enterprise interest in digital assets and virtual environments.

One of the most significant growth factors for the virtual real estate market is the rapid evolution and adoption of metaverse platforms. These platforms, such as Decentraland, The Sandbox, and others, are redefining how users interact, socialize, and transact in virtual spaces. The integration of blockchain technology ensures secure, transparent, and immutable ownership records, which has enhanced user confidence in purchasing and trading virtual land. Furthermore, as brands and corporations seek innovative ways to engage with digital-native audiences, they increasingly turn to virtual real estate for hosting events, launching products, and building immersive brand experiences. This trend is expected to accelerate as more industries recognize the potential of the metaverse for marketing, networking, and community building.

Another critical driver is the growing popularity of virtual events and experiences, particularly in the wake of global disruptions such as the COVID-19 pandemic. Virtual real estate offers unparalleled flexibility for hosting concerts, conferences, exhibitions, and social gatherings without the limitations of physical space. This transition to digital venues has not only reduced operational costs but has also expanded the reach to a global audience. The ability to customize, monetize, and scale these virtual spaces has attracted both individuals and enterprises, further fueling demand for virtual properties. Additionally, the gamification of real estate through play-to-earn models and NFT-based assets has introduced new revenue streams and investment opportunities, drawing the attention of crypto enthusiasts and traditional investors alike.

The expanding ecosystem of virtual real estate is also supported by advancements in hardware and software, including AR/VR headsets, 3D rendering engines, and decentralized finance (DeFi) protocols. These technological innovations enhance the user experience, making virtual environments more immersive and interactive. As interoperability between platforms improves, users can seamlessly transfer assets and identities across different virtual worlds, increasing the utility and value of virtual real estate. The convergence of social networking, gaming, and commerce within these digital spaces is creating a new paradigm for online interaction and economic activity, positioning virtual real estate as a cornerstone of the emerging digital economy.

Regionally, North America remains the dominant force in the virtual real estate market, driven by a strong technology infrastructure, high consumer awareness, and significant venture capital investments. The United States, in particular, hosts a vibrant ecosystem of metaverse startups, gaming companies, and blockchain innovators. Europe is also witnessing rapid adoption, especially in countries like the United Kingdom, Germany, and France, where enterprises are leveraging virtual spaces for marketing and collaboration. Meanwhile, the Asia Pacific region is emerging as a key growth engine, fueled by a young, tech-savvy population and increasing investment in digital transformation. As regulatory frameworks evolve and cross-border collaborations increase, these regions are expected to play pivotal roles in shaping the future of virtual real estate.

Platform Analysis

The platform segment in the virtual real estate market encompasses Metaverse, Gaming, Social Media, and Others, each playing a unique role in driving the adoption and monetization of virtual properties. Metaverse platforms, such as Decentraland, The Sandbox, and Cryptovoxels, have established themselves as foundational pillars for the virtual real estate ecosystem. These platforms offer users the ability to purchase, develop, and monetize virtual land using blockchain-based tokens, often represented as non-fungible tokens (NFTs). The immersiv

The coronavirus (COVID-19) outbreak, which was aggravated by a drastic reduction in oil prices, led to a significant devaluation of the Russian ruble in March 2020. Consequently, in the view of a possible interest rate increase on mortgage loans, a notable demand growth on real estate was recorded countrywide. The estimated average demand increase in 2020 relative to 2019 was measured between 12 and 15 percent.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

The importance of real estate development has been widely accepted by all countries. Through early warning and avoidance of real estate financial risks, it can effectively promote the healthy and healthy development of the real estate industry, avoiding the impact of accidental factors, such as the COVID-19 pandemic, and promoting the overall economic development. Based on multiple regression analysis and grey prediction methods, this article constructs a real estate financial risk estimation model, and the real estate financial risk is estimated using the relevant data of Liaoning Province from 2001 to 2020. Analyzing the research results of financial risks in Liaoning Province, we can find that the real estate financial risks reached the peak in 2013, and then the real estate financial risks gradually showed a slow decline trend. In general, the financial risks in Liaoning Province are controllable. The study of financial risks in Liaoning Province will help to judge the development of the real estate industry and promote the continuous improvement of the overall economy. The article, through the study of real estate financial risks in Liaoning Province, can promote the development of regional real estate in Liaoning Province and promote the overall economic development of Liaoning Province, which has strong practical significance. The study of real estate financial risks, relevant risk research theories can be enriched, the identification of financial risks can be improved, and the study of real estate financial risks can be strengthened. The article uses a combination of multivariate statistics and grey fuzzy theory to complete the study of real estate financial risks. Therefore, through the exploration of multivariate statistics and grey fuzzy theory, its application value can be elevated.

Revenue for the Residential Real Estate industry in China is expected to decrease at a CAGR of 9.8% over the five years through 2025. This trend includes an expected decrease of 9.6% in the current year.Since August 2020, the People's Bank of China and the China Banking and Insurance Regulatory Commission have proposed three debt indicators for real estate development and management companies through which the company's financial health can be rated. This new policy has exacerbated the company's debt pressure, making it unable to repay old debts by borrowing new debt. Some real estate companies faced a liquidity crisis.In 2022, the city's lockdown and laying-off caused by COVID-19 epidemic led to the pressure of delaying the delivery of houses. The industry's newly constructed and completed areas decreased significantly throughout the year. In addition, the epidemic has impacted sales in the industry, and some sales offices have been forced to close temporarily. In 2022, the residential sales area decreased by 26.8%, and the residential sales decreased by 31.2%.Industry revenue will recover at an annualized 0.7% over the five years through 2030. Over the next five years, the industry's drag on GDP will weaken, and industry growth will stabilize. However, high housing prices have become a major social problem in China. Under the measures on the principle that residential real estate is used for living, not speculation, the financial attributes of real estate will gradually weaken, and housing prices will tend to stabilize.

In response to the 2020 COVID-19 pandemic and its anticipated effects on the residential real estate market, the Cook County Assessor will adjust residential assessments. This data can be used to replicate residential COVID adjustments. Code can be located on GitLab. See data notes for link. NOTE that the 'adjusted values' in this data will not necessarily be consistent with each individual PIN's final assessment. To get the final assessment for an individual PIN, please visit www.cookcountyassessor.com.

The Brazil Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Villas & Landed Houses, Apartments & Condominiums), by Price Band (Affordable Housing, Mid-Market, and Luxury), by Mode of Sale (Primary (New-Build), and More), and by Key Cities (São Paulo, Brasília, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Discover the booming global condominiums and apartments market! This in-depth analysis reveals a CAGR exceeding 3%, driven by urbanization and evolving lifestyles. Explore market size, regional trends, key players (Christie International, Lennar, Savills), and future growth projections for 2025-2033. Invest wisely with our comprehensive market insights. Recent developments include: October 2022: City Developments Ltd. (CDL), controlled by billionaire Kwek Leng Beng, is proceeding with the launch of a suburban residential condominium project in Singapore's western region, indicating its confidence that property demand will be sustained despite the government's new property curbs., June 2022: ALTIDO, a European property management company, has announced two mergers and acquisitions, including Flatty and A&A Apartments & Boats. It comes less than four months after ALTIDO was acquired by Italian living company DoveVivo, ensuring it emerged from the COVID-19 pandemic with a large injection of financing under its belt and the ability to expand its inventory by 51 properties through the combined acquisitions.. Notable trends are: Increasing Demand for Condominiums in Several Regions Driving the Market.

All data compiled into this dataset is available under public domain. This set is designed to provide some insight into sales trends across the state of Connecticut as well as the individual towns within. It is also specifically structured to highlight changes in trends due to the COVID-19 pandemic.

Variables

list_year: grand list year of the property (grand list years run from Oct. 1 through Sept. 30). town: name of the town that the property was sold in. population: population of the town that the property was sold in. residential_type: single family, two family, three family, four family, or condo. month: the month the sale was recorded. year: the year the sale was recorded. in_pandemic: boolean value indicating whether the selling date was after March 11, 2020. assessed_value: tax assessed value of the property at the time of the sale. sale_amount: final closing sale amount of the property. price_index: the Consumer Price Index (CPI) for that month/year. Used to normalize dollar values. norm_assessed_value: CPI-normalized assessed value (assessed_value / price_index * 100). norm_sale_amount: CPI-normalized sale amount (sale_amount / price_index * 100). norm_sales_ratio: CPI-normalized assessment to sale ratio (norm_assessed_value / norm_sale_amount). latitude: latitude for the property's town. longitude: longitude for the property's town.

Note: the original dataset also contained the street address and exact sale date for each record. Those variables were removed as they were not relevant to the analysis being conducted and to afford the individuals associated with each sale a stonger degree of personal privacy. Records from October 2000 to October 2010 from the original dataset were omitted due to timeliness issues. Records of non-residential types were omitted as they lacked enough historic records to be of consequence to the analysis.

Data sources

Real estate records: https://data.ct.gov/Housing-and-Development/Real-Estate-Sales-2001-2020-GL/5mzw-sjtu Township shapes: https://data.ct.gov/Government/Town-Boundary-Index-Map/evyv-fqzg Consumer price index: https://www.bls.gov/regions/new-england/data/consumerpriceindex_us_table.htm Town populations: https://www.connecticut-demographics.com/cities_by_population

Real Estate Virtual Staging Market Outlook

The global real estate virtual staging market size reached USD 2.1 billion in 2024, according to our latest research, and is expected to grow at a robust CAGR of 18.7% from 2025 to 2033. By the end of 2033, the market is forecasted to attain a value of USD 10.8 billion. This remarkable growth is primarily driven by the increasing adoption of digital technologies in property marketing, the rising demand for cost-effective and visually compelling property presentations, and the ongoing shift toward online real estate transactions. The real estate industryÂ’s digital transformation is fundamentally altering how properties are marketed and sold, making virtual staging a critical tool for agents, developers, and property owners worldwide.

One of the primary growth factors propelling the real estate virtual staging market is the rapid evolution of digital imaging and 3D rendering technologies. As these technologies become more sophisticated and accessible, real estate professionals can create highly realistic and immersive visualizations of properties without the need for physical staging. This not only reduces costs significantly but also allows for greater flexibility in presenting various design styles and layouts to potential buyers. Furthermore, the proliferation of high-speed internet and mobile devices has made it easier for clients to access virtual tours and staged images from anywhere, further fueling market demand. The integration of artificial intelligence and machine learning into virtual staging software has also enhanced the quality and customization capabilities, enabling more personalized and engaging property presentations.

Another significant driver is the shift in consumer behavior, particularly among millennials and Gen Z, who increasingly rely on digital platforms for property searches and purchasing decisions. These tech-savvy buyers expect interactive and visually appealing online experiences, which virtual staging delivers effectively. The COVID-19 pandemic accelerated this trend, as social distancing measures and travel restrictions forced real estate transactions to move online. Even as the pandemic subsides, the convenience and efficiency of virtual staging continue to appeal to both buyers and sellers. Additionally, virtual staging enables real estate agents to market vacant properties more attractively and at a fraction of the cost of traditional staging, thus increasing the propertyÂ’s perceived value and reducing time on the market.

The expanding global real estate sector, particularly in emerging economies, is also contributing to the growth of the virtual staging market. As urbanization accelerates and new residential and commercial projects are developed, the need for innovative marketing solutions becomes more pronounced. Virtual staging offers a scalable and efficient way to showcase properties to a broader audience, including international buyers and investors. Moreover, the increasing competition among real estate agents and developers is driving the adoption of advanced marketing tools like virtual staging to differentiate their offerings and enhance client engagement. The trend toward sustainable and eco-friendly practices in real estate marketing also favors virtual staging, as it eliminates the need for physical materials and reduces the environmental impact associated with traditional staging methods.

The concept of a Virtual Set has been gaining traction in the realm of real estate virtual staging, offering a revolutionary approach to property visualization. By utilizing advanced computer-generated imagery, virtual sets allow for the creation of entirely digital environments that can be customized to meet the specific needs of a property listing. This technology enables real estate professionals to present properties in a variety of styles and settings, enhancing the appeal to potential buyers. Virtual sets are particularly beneficial for showcasing properties that are under construction or in need of renovation, as they provide a clear vision of the property's potential. As the demand for immersive and interactive property presentations grows, virtual sets are poised to become an integral component of the virtual staging toolkit, offering unparalleled flexibility and creativity in property marketing.

From a regional perspective

Turkey Residential Real Estate Market Outlook 2031

The Turkey residential real estate market size was USD 79.92 Billion in 2022 and is projected to reach USD 212.88 Billion by 2031 expand at a CAGR of 11.5% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing surge in foreign buyer, rising population, affordable financing options.



Turkey is known for its diverse set of both oriental and European elements, country is a lucrative destination due to its tourism, infrastructure, transportation facilities, and ease of living. Turkey is at a historical combination of aspects where urban transformation meets green housing which is expected to improve affordability and quality of housing and community development. According to Housing Development Administration of Turkey (TOKi) a total of 500,000 residential units were constructed between 2003-2010 in 81 provinces and 830 townships across the country.

In 2002 Turkish property market was first opened to foreign buyers under the reciprocity clause. According to this clause only countries allowing Turkish citizens reciprocal rights, such as Britain, Germany, and Netherlands. The reciprocity clause was abolished in 2012, and since then nationals from 183 countries have been allowed to buy properties in Turkey.



The residential real estate market in Turkey was impacted negatively by the onset of Covid-19 in 2020, the market has since regained some of the momentum due to ease of restrictions worldwide. According to Turkish Statistical Institute Turkish Statistical Institute (TurkStat) in the first four months of 2020, the total number of home sales in Turkey rose by 8.9% to 383,821 units.

Turkey Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

• Rising population, increasing urbanization, disposable income growth, and affordable financing are major factors driving the market growth during the forecast period.


• Increasing demand for residential real estate among the foreign buyers due to factor such as