La Rioja was the Spanish region where the pandemic impact on real estate prices was higher compared to the previous year, with a decrease of almost 16% in the last quarter of 2020. The only place in Spain where there was an increase in comparison with the pre-pandemic data was in the autonomous city of Melilla.

In April 2020, the Sakha (Yakutiya) Republic recorded the most significant price drop in real estate prices in Russia with a roughly five percent price fall per square meter. In the Moscow and Leningrad Regions, the price of residential properties dropped by 3.2 and 3 percentage points per square meter over the given period, respectively.

Residential real estate transactions saw both a decline as well as an increase during the coronavirus pandemic in 2020, depending on the country. In Denmark, for example, property sales increased by over seven percent year-on-year in the second quarter of 2020. This was in stark contrast to the United Kingdom, where provisional and non-seasonal data suggested the country saw one of its largest drops in housing transactions since 2009. Some countries, on the other hand, already witnessed a decrease in their transactions before COVID-19 hit Europe. The housing trade inFrance, for example, suffered a large decrease in the first quarter of 2020, right before quarantine measures were enforced. Data for Germany, on the other hand, suggested that its housing market was still growing before the lockdown. Whether this was still the case in 2020 remains to be seen.

Key information about House Prices Growth

• US house prices grew 5.2% YoY in Sep 2024, following an increase of 6.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Sep 2024, with an average growth rate of 5.5%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Codebooks for analyzing property (house, condo, flat, etc.) listing data for each of the 10 select regions in the bay area megaregion of California, USA (SAN JOSE, MODESTO, FRESNO, TURLOCK, LIVINGSTON, ATWATER, MERCED, MADERA, MARIPOSA, OAKHURST) were obtained from Zillow Inc. on a monthly basis between March 2018 and May 2019 (denoted as the period before 2020) and May 2020 and September 2021 (after 2020). Combined, the total number of observations (unique listed properties) is N = 57,414. For each month, we obtained a set of unique listing identifiers (ZPID) by manually scanning across the entire Zillow.com directory for a given region and property type ("For Sale" and "Rent"). Read the enclosed document DataDryad_DataDescription_Petersen_Zillow.pdf for a description of the data and output of provided supporting code. Contact the corresponding author for the raw property-level data files, which are anonymized [property address and property identifier (ZPID) fields].

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 (56 percent). However, Hispanic respondents were more likely to have changed their plans (33 percent) compared to white respondents (16 percent). In the United States, the 2020 homeownership rate reached 65.8 percent.

Key information about Germany Nominal Residential Property Price Index

• Germany Nominal Residential Property Price Index was reported at 172.000 2010=100 in Sep 2024.
• This records an increase from the previous number of 171.400 2010=100 for Jun 2024.
• Germany Nominal Residential Property Price Index data is updated quarterly, averaging 98.523 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 194.600 2010=100 in Jun 2022 and a record low of 37.619 2010=100 in Mar 1970.
• Germany Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Key information about Japan Gold Production

• Japan Real Residential Property Price Index was reported at 121.710 2010=100 in Sep 2024.
• This records an increase from the previous number of 121.633 2010=100 for Jun 2024.
• Japan Real Residential Property Price Index data is updated quarterly, averaging 110.319 2010=100 from Mar 1955 to Sep 2024, with 279 observations.
• The data reached an all-time high of 189.276 2010=100 in Mar 1991 and a record low of 12.662 2010=100 in Mar 1955.
• Japan Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Canada House Price Index: New Housing data was reported at 124.400 Dec2016=100 in Jan 2025. This records a decrease from the previous number of 124.500 Dec2016=100 for Dec 2024. Canada House Price Index: New Housing data is updated monthly, averaging 63.400 Dec2016=100 from Jan 1981 (Median) to Jan 2025, with 529 observations. The data reached an all-time high of 126.100 Dec2016=100 in Aug 2022 and a record low of 37.700 Dec2016=100 in May 1983. Canada House Price Index: New Housing data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB003: House Price Index: Dec2016=100. [COVID-19-IMPACT]

The foreclosure rate in the United States has experienced significant fluctuations over the past two decades, reaching its peak in 2010 at 2.23 percent following the financial crisis. Since then, the rate has steadily declined, with a notable drop to 0.11 percent in 2021 due to government interventions during the COVID-19 pandemic. In 2024, the rate stood slightly higher at 0.23 percent but remained well below historical averages, indicating a relatively stable housing market. Impact of economic conditions on foreclosures The foreclosure rate is closely tied to broader economic trends and housing market conditions. During the aftermath of the 2008 financial crisis, the share of non-performing mortgage loans climbed significantly, with loans 90 to 180 days past due reaching 4.6 percent. Since then, the share of seriously delinquent loans has dropped notably, demonstrating a substantial improvement in mortgage performance. Among other things, the improved mortgage performance has to do with changes in the mortgage approval process. Homebuyers are subject to much stricter lending standards, such as higher credit score requirements. These changes ensure that borrowers can meet their payment obligations and are at a lower risk of defaulting and losing their home. Challenges for potential homebuyers Despite the low foreclosure rates, potential homebuyers face significant challenges in the current market. Homebuyer sentiment worsened substantially in 2021 and remained low across all age groups through 2024, with the 45 to 64 age group expressing the most negative outlook. Factors contributing to this sentiment include high housing costs and various financial obligations. For instance, in 2023, 52 percent of non-homeowners reported that student loan expenses hindered their ability to save for a down payment.

European Union House Price Index: EU 27 excl UK data was reported at 154.440 2015=100 in Sep 2024. This records an increase from the previous number of 152.250 2015=100 for Jun 2024. European Union House Price Index: EU 27 excl UK data is updated quarterly, averaging 102.150 2015=100 from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 154.440 2015=100 in Sep 2024 and a record low of 83.540 2015=100 in Mar 2005. European Union House Price Index: EU 27 excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.EB001: Eurostat: House Price Index: 2015=100. [COVID-19-IMPACT]

Key information about Colombia Gold Production

• Colombia Real Residential Property Price Index was reported at 137.614 2010=100 in Sep 2024.
• This records an increase from the previous number of 134.969 2010=100 for Jun 2024.
• Colombia Real Residential Property Price Index data is updated quarterly, averaging 100.927 2010=100 from Mar 1988 to Sep 2024, with 147 observations.
• The data reached an all-time high of 144.857 2010=100 in Sep 2021 and a record low of 64.231 2010=100 in Sep 2003.
• Colombia Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

According to Cognitive Market Research, the global Prefabricated Home market size will be USD 145142.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% 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 58057.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 43542.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 33382.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7257.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% 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 2902.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Wood held the highest Prefabricated Home market revenue share in 2024.

Market Dynamics of Prefabricated Home Market

Key Drivers for Prefabricated Home Market

Rising Urbanization to Increase the Demand Globally

The market for prefabricated homes is heavily influenced by the growing urbanization, which creates a need for quick and inexpensive housing options. Because many people cannot afford traditional solutions due to the rapid increase in metropolitan housing prices relative to income growth, prefabricated home affordability is a concern. Their cost-effectiveness offers a suitable alternative. Additionally, they occupy faster than traditional procedures because of their modular nature, which is anticipated to reduce holding costs. Prefabricated homes are an attractive choice for those searching for affordable and timely housing options in urban areas due to their affordability and speed. There is a growing prefabricated housing market as seen by the increasing prevalence of prefabricated homes in the commercial, industrial, and residential sectors. Their potential in a bigger prefabricated home market is demonstrated by the increase in sales. Furthermore, the sustainability, efficiency, and quality of prefabricated homes are increasing due to ongoing technological advancements in construction techniques, materials, and designs. These advancements facilitate the continuous expansion of the industry and establish prefabricated homes as a flexible and appealing option for several sectors.

Innovative Home Design to Propel Market Growth

Consumer preference for sustainable living, energy efficiency, and customisation in homes is rising. Prefabricated homes, with their modern designs, satisfy these criteria. Technological advancements like 3D printing and AI-driven design tools have made complex prefab designs possible, increasing the market's attractiveness. Emerging lifestyles such as tiny homes are driving innovative prefab solutions tailored to specific groups. New designs are appealing to a wide range of customers, which drives market expansion by drawing in new clientele. Premiumization occurs when prefabricated homes with superior design and craftsmanship command higher prices, hence raising the overall market value. A competitive prefabricated homes market environment is created by innovative designs that enable producers to stand out from the competition and appeal to design-conscious buyers.

Restraint Factor for the Prefabricated Home Market

Perception and Stereotypes to Limit the Sales

Changing the public's perspective and the preconceptions around prefabricated homes is one of the main obstacles. Many individuals still hold outmoded beliefs about prefabricated homes, believing them to be of worse quality or offering fewer customizing options than traditional residences. Negative perceptions limit penetration by keeping potential buyers out of the market. Stereotypes about poor quality affect price points and reduce perceived value. A tarnished reputation deters talent and investors, which impedes the industry's expansion.

Impact of Covid-19 on the Prefabricated Home Market

There have been positive as well as negative impacts of the COVID-19 epidemic on the prefabricated home market. People started lo...

Key information about Ireland Nominal Residential Property Price Index

• Ireland Nominal Residential Property Price Index was reported at 175.069 2010=100 in Sep 2024.
• This records an increase from the previous number of 170.193 2010=100 for Jun 2024.
• Ireland Nominal Residential Property Price Index data is updated quarterly, averaging 44.044 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 175.069 2010=100 in Sep 2024 and a record low of 2.659 2010=100 in Jun 1970.
• Ireland Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Key information about Poland Nominal Residential Property Price Index

• Poland Nominal Residential Property Price Index was reported at 198.087 2010=100 in Sep 2024.
• This records an increase from the previous number of 194.982 2010=100 for Jun 2024.
• Poland Nominal Residential Property Price Index data is updated quarterly, averaging 100.843 2010=100 from Mar 2010 to Sep 2024, with 59 observations.
• The data reached an all-time high of 198.087 2010=100 in Sep 2024 and a record low of 91.989 2010=100 in Mar 2014.
• Poland Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Gross fixed capital formation for housing decreased significantly in several European countries in early 2020 but followed with a drop in the second quarter of the year with the coronavirus (COVID-19) outbreak. This translated into a halt of residential property investments. In countries like the United Kingdom (UK), Ireland, France, Spain, Italy, and Luxembourg the year-on-year percentage decrease was between 25 and 40 percent. Тhis was not the case with several countries that kept housing investment growing on an year-on-year basis in 2020: Greece, Hungary, Sweden, Denmark, and Czechia.

More in-depth data can be found in the report on the coronavirus impacting house prices in Europe in 2020 and 2021.

Abstract copyright UK Data Service and data collection copyright owner.The Opinions and Lifestyle Survey (formerly known as the ONS Opinions Survey or Omnibus) is an omnibus survey that began in 1990, collecting data on a range of subjects commissioned by both the ONS internally and external clients (limited to other government departments, charities, non-profit organisations and academia).Data are collected from one individual aged 16 or over, selected from each sampled private household. Personal data include data on the individual, their family, address, household, income and education, plus responses and opinions on a variety of subjects within commissioned modules. The questionnaire collects timely data for research and policy analysis evaluation on the social impacts of recent topics of national importance, such as the coronavirus (COVID-19) pandemic and the cost of living, on individuals and households in Great Britain. From April 2018 to November 2019, the design of the OPN changed from face-to-face to a mixed-mode design (online first with telephone interviewing where necessary). Mixed-mode collection allows respondents to complete the survey more flexibly and provides a more cost-effective service for customers. In March 2020, the OPN was adapted to become a weekly survey used to collect data on the social impacts of the coronavirus (COVID-19) pandemic on the lives of people of Great Britain. These data are held in the Secure Access study, SN 8635, ONS Opinions and Lifestyle Survey, Covid-19 Module, 2020-2022: Secure Access. From August 2021, as coronavirus (COVID-19) restrictions were lifting across Great Britain, the OPN moved to fortnightly data collection, sampling around 5,000 households in each survey wave to ensure the survey remains sustainable. The OPN has since expanded to include questions on other topics of national importance, such as health and the cost of living. For more information about the survey and its methodology, see the ONS OPN Quality and Methodology Information webpage.Secure Access Opinions and Lifestyle Survey dataOther Secure Access OPN data cover modules run at various points from 1997-2019, on Census religion (SN 8078), cervical cancer screening (SN 8080), contact after separation (SN 8089), contraception (SN 8095), disability (SNs 8680 and 8096), general lifestyle (SN 8092), illness and activity (SN 8094), and non-resident parental contact (SN 8093). See Opinions and Lifestyle Survey: Secure Access for details. Main Topics:Each month's questionnaire consists of two elements: core questions, covering demographic information, are asked each month together with non-core questions that vary from month to month. The non-core questions for this month were: Expectation of House Price Changes (Module 137): this module asks respondents' views on changes to house prices in the next year and next five years. Living Kin (Module 221): this module covers family formation and levels of informal caring. Attitudes to Paid Work ( Module 220): this module covers attitudes to working women, breadwinners, domestic responsibilities and role of husband and wife in the family. Reading (Module 223): this module was asked on behalf the Department for Education and Employment and covers reading for pleasure; reading to, and reading with children; and awareness of the National Year of Reading. Consumption of Tobacco (Module 210): this module was asked on behalf of Customs and Excise and covers whether smokes cigarettes; how many cigarettes smoked; type of cigarettes smoked. Sexual Health (Module 222): this module was asked on behalf of the Health Education Authority (HEA) and covers awareness of various forms of advertising about sexual health; knowledge of sexual health matters and awareness of HIV and AIDS. Multi-stage stratified random sample Face-to-face interview 1999 ACADEMIC ACHIEVEMENT ADVERTISING AGE AIDS DISEASE ATTITUDES CHIEF INCOME EARNERS CHILDREN COHABITATION CONDOM USE DISABLED PERSONS DOMESTIC RESPONSIBI... ECONOMIC ACTIVITY ECONOMIC VALUE EDUCATIONAL BACKGROUND EMPLOYEES EMPLOYMENT EMPLOYMENT HISTORY EMPLOYMENT PROGRAMMES ETHNIC GROUPS EXPECTATION Economic conditions... FAMILY MEMBERS FAMILY ROLES FAMILY SIZE FATHERS FULL TIME EMPLOYMENT FURNISHED ACCOMMODA... Family life and mar... GENDER GRANDCHILDREN GRANDPARENTS HEADS OF HOUSEHOLD HIV INFECTIONS HOME OWNERSHIP HOURS OF WORK HOUSEHOLDS HOUSING HOUSING TENURE Health behaviour ILLITERACY INCOME INDUSTRIES INFLATION INTEREST FINANCE INVESTMENT RETURN Income JOB DESCRIPTION JOB HUNTING KNOWLEDGE AWARENESS LANDLORDS LEAVE LITERACY Leisure MANAGERS MARITAL STATUS MARRIAGE DISSOLUTION MEDICAL CENTRES MOTHERS MOTOR VEHICLES OCCUPATIONAL PENSIONS OCCUPATIONS ONE PARENT FAMILIES PART TIME EMPLOYMENT PRESS ADVERTISING PUBLIC INFORMATION QUALIFICATIONS RADIO ADVERTISING READING ACTIVITY RENTED ACCOMMODATION RETIREMENT RISK SELF EMPLOYED SEXUALLY TRANSMITTE... SHARED HOME OWNERSHIP SIBLINGS SICK LEAVE SMOKING SOCIAL HOUSING SOCIAL SECURITY BEN... SOCIAL SUPPORT STATE RETIREMENT PE... STATUS IN EMPLOYMENT STEPCHILDREN STUDENTS SUPERVISORS SUPERVISORY STATUS Social behaviour an... TELEPHONE HELP LINES TIED HOUSING TOBACCO TRANSMISSION OF DIS... UNEMPLOYED UNFURNISHED ACCOMMO... UNWAGED WORKERS VISITS PERSONAL WIDOWED WORKING WOMEN property and invest... tourism and sport

According to Cognitive Market Research, the global Tiny House market size will be USD 5814.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% 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 2325.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1744.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1337.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 290.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% 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 116.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The Mobile Tiny Homes is the fastest growing segment of the Tiny House industry

Market Dynamics of Tiny House Market

Key Drivers for Tiny House Market

Increasing Affordability to Boost Market Growth

Tiny houses provide a more affordable housing solution compared to conventional houses, mainly in high-price markets. Their smaller size leads to decreased construction and upkeep expenses, making homeownership accessible for people and households on tight budgets. The minimalist lifestyle related to tiny dwellings encourages financial freedom, permitting house owners to allocate their budget towards stories or financial savings as opposed to mortgage bills. Additionally, many tiny house designs include sustainable materials and energy-green features, further decreasing long-term charges. As the housing market continues to push upward, tiny homes are a realistic choice for the ones looking for low-priced and sustainable dwellings.

Expansion of Sustainability to Drive Market Growth

The tiny house motion embodies a commitment to environmental sustainability, addressing growing worries about resource intake and carbon footprints. Tiny houses usually utilize green materials, which include reclaimed timber and recycled merchandise, minimizing waste all through creation. Their smaller length inherently reduces power consumption, with many designs incorporating energy-efficient features like sun panels, composting toilets, and awesome insulation. Additionally, many tiny houses promote off-grid dwellings, enabling homeowners to depend on renewable strength sources and decrease dependency on conventional utilities. By prioritizing sustainable practices, the tiny house movement now not only fosters an easier way of life but also encourages a healthier planet for future generations.

Restraint Factor for the Tiny House Market

Regulatory Challenges, will Limit Market Growth

Tiny homes face substantial regulatory challenges due to varying building codes and zoning policies across jurisdictions. These discrepancies can complicate the allowing technique, making it difficult for potential proprietors to set up their houses legally. In a few regions, tiny houses on wheels can be categorized as recreational cars rather than permanent dwellings, restricting where they may be parked or inhabited. Additionally, certain municipalities may mandate that tiny houses be placed on everlasting foundations, similarly complicating their production. These regulatory hurdles can discourage individuals from embracing the tiny house motion, highlighting the need for updated guidelines that assist opportunity housing solutions.

Impact of Covid-19 on the Tiny House Market

The COVID-19 pandemic drastically impacted the tiny house marketplace, using a surge in interest as people sought low-priced, flexible housing answers amidst financial uncertainty. With faraway paintings turning into more ordinary, many people started to prioritize a minimalist lifestyle, mainly due to multiplied calls for tiny homes. Additionally, the choice for self-sufficiency and stale-grid dwelling received traction, encouraging extra customers to explore sustainable housing alternatives. However, deliver chain disruptions affected creation timelines and fabric availability, posing challenges for developer...

In 2023, the average price of houses in Malaysia was at approximately 467,000 Malaysian ringgit, an increase of nearly 15,000 Malaysian ringgit compared to the previous year. This showed a steady upward trend of the housing price since 2018. Increase in residential transaction value The residential real estate market in Malaysia suffered the impact of the COVID-19 pandemic and saw a significant drop in residential transaction value in 2020. Nevertheless, with demands for housing rising among Malaysians, the market quickly recovered in 2020, and the transaction value reached more than 100 billion Malaysian ringgit in 2023. The need for more affordable housing Despite the growth in the residential real estate industry, the continuous increase in housing prices has become a challenge for many Malaysians to afford a home. Around 69 percent of Malaysians surveyed in 2024 said that they did not have enough savings to purchase a property. To address this issue, the current government introduced affordable housing schemes for the lower- and middle-income groups in June 2023.