The number of transactions in the residential real estate sector in Italy significantly decreased in the first quarter of 2020, as a result of the measures taken to prevent the spread of COVID-19. When looking at the eight major Italian cities, it can be seen that the number of transactions decreased by almost 16 percent on average in this period. It was found that the worst situation in Milan, Naples and Genoa, with each one of these cities facing a contraction around 19 percent. Bologna stood up as the least affected in this group, with a relatively small decrease of 6.4 percent in the volume of real estate transactions.

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 six-month delay in construction activities, the forecast suggests property completions planned for 2020 in cities in the United Kingdom (UK) could decrease by more than one third, 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.

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.

Chile Real Estate Market: National: Sales: Total data was reported at 3,008.000 Unit in Sep 2024. This records a decrease from the previous number of 3,153.000 Unit for Aug 2024. Chile Real Estate Market: National: Sales: Total data is updated monthly, averaging 4,748.000 Unit from Jan 2004 (Median) to Sep 2024, with 249 observations. The data reached an all-time high of 8,703.000 Unit in Aug 2015 and a record low of 2,169.000 Unit in Apr 2020. Chile Real Estate Market: National: Sales: Total data remains active status in CEIC and is reported by Chilean Construction Chamber. The data is categorized under Global Database’s Chile – Table CL.EB001: Real Estate Market: Supply and Sales. [COVID-19-IMPACT]

According to Cognitive Market Research, the global Logistics Real Estate market size will be USD 101254.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% 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 40501.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 30376.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 23288.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5062.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% 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 2025.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The Warehouses is the fastest growing segment of the Logistics Real Estate industry

Market Dynamics of Logistics Real Estate Market

Key Drivers for Logistics Real Estate Market

E-commerce Boom to Boost Market Growth

The fast upward push of e-trade has considerably extended demand for Logistics Real Estate. As online outlets increase their operations to satisfy client expectations for brief and efficient delivery, the need for added warehousing area has ended up crucial. This surge in calls drives investments in logistics centers, allowing retailers to keep larger inventories and streamline distribution tactics. Consequently, the logistics real estate area is experiencing a sturdy boom, characterized by the development of modern warehouses prepared by superior generations. This trend highlights the important function of logistics in assisting the evolving panorama of online retail and making sure of timely product shipping.

Supply Chain Optimization to Drive Market Growth

Companies are prioritizing delivery chain optimization to decrease fees and enhance operational performance. This fashion is driving investments in present-day logistics facilities, which can be strategically located to facilitate faster distribution and higher accessibility to key markets. These facilities are frequently equipped with the advanced era, inclusive of automation, actual-time monitoring structures, and facts analytics tools, allowing groups to streamline their strategies, improve inventory management, and respond rapidly to market needs. By optimizing their supply chains through those investments, groups can attain extra agility, lessen lead times, and ultimately enhance customer satisfaction in a more and more competitive landscape.

Restraint Factor for the Logistics Real Estate Market

Land Availability and Costs, will Limit Market Growth

The availability of appropriate land for logistics development, especially in urban areas, provides massive challenges. As e-commerce and supply chain needs grow, the competition for restrained land intensifies, leading to better prices, which can avoid marketplace growth. Urban locations are especially admired for their proximity to clients. However, zoning policies and current infrastructure constraints often complicate the acquisition technique. This scarcity no longer drives up expenses for builders but additionally influences the overall logistics quarter's capacity to amplify and meet rising demand successfully. Consequently, corporations have to navigate those challenges to secure strategic locations for their operations.

Impact of Covid-19 on the Logistics Real Estate Market

The COVID-19 pandemic had a profound effect on the Logistics Real Estate market. As e-trade surged due to lockdowns and social distancing measures, calls for logistics centers skyrocketed, prompting corporations to invest in warehousing and distribution facilities to satisfy multiplied online shopping needs. Conversely, some sectors confronted temporary disruptions main to an initial slowdown in new traits. Supply chain challenges, which include delays and rising fabric costs, also emerged. However, the long-term outlook stays tremendous, with companies spotting the importance of strong logistics networks, in the long run...

Brazil Residential Real Estate Market Report is Segmented by Type (Villas and Landed Houses and Apartments and Condominiums). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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.

According to Cognitive Market Research, the global Property Management Software market size will be USD 22651.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% 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 9060.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6795.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5209.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1132.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% 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 453.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
Rental and Tenant Management is the dominant market segment

Market Dynamics of Property Management Software Market

Key Drivers for Property Management Software Market

Increasing Adoption of Technology

The rising incorporation of technology in property management software has surged the growth of the property management software market. The basic need is to make property managers realize the value of these tech solutions in smoothing operations, relating better with tenants, and using modern procedures to track financials and create newer methods for managing property. With data analytic features and mobile accessibility, these software tools automate many of the responsibilities for a property manager to execute his duties effectively. The trend is that property management software is fast becoming the simplest requirement for modern property management practices, especially in an increasingly technical environment.

Rising Real Estate Investments

Real estate investment is another driver of the Property Management Software market. The more money that investors pour into the real estate sector, the greater the demand for robust property management solutions. Owners and real estate managers are thus eyeing software tools to optimize operations, enhance tenant experiences, and maximize returns on investment. The growing real estate market creates a demand for advanced technology to manage properties effectively, track financial performance, and ensure that it comply with the regulations; all these factors drive market growth as property management software is increasingly applied to tackle intricacies involved in an increasingly large portfolio of real estate.

Restraint Factor for the Property Management Software Market

Data Security Concerns

Data Security Concerns are a significant restraint to the growing Property Management Software market. With increasing property management operations being operated on digital platforms, data breaches and cyber threats become a worrisome issue for property owners and managers. The concerns over the protection of sensitive information, such as tenant details, financial records, and property data, discourage the adoption of property management software. These security flaws need to be addressed to develop trust in software solutions, and this lack of trust in these products could impact market growth with potential users unwilling to adopt software without stringent security measures.

Impact of Covid-19 on the Property Management Software Market

The COVID-19 pandemic had a global impact, causing significant disruptions in real estate firms. Short-term issues for real estate management included keeping visitors and residents safe, maintaining property value, employing modern cleaning processes, and conforming to regulatory regulations. Furthermore, many schools and offices were closed, forcing businesses to consider various "work-from-home" possibilities. The COVID-19 outbreak prompted residential property managers to reconsider their policies. As a result, smart processes and AI-based solutions saw significant growth in popularity. Introduction of the Property Management Software Market

Property management software is a comprehensive solution for property managers, l...

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the rising base rate environment in the years since, which have inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Revenue is forecast to fall at a compound annual rate of 4.0% over the five years through 2024 to €588.2 billion, including an anticipated drop of 3.1% in 2024. However, profitability remains strong, with the average industry profit margin standing at an estimated 41.6% in 2024. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest hike, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact – properties in many areas aren’t suitable due to their lack of green credentials. Revenue is slated to inch upwards at a compound annual rate of 3.1% over the five years through 2029 to €651.3 billion. Although economic conditions are set to improve in the short term, elevated mortgage rates will continue to weigh on demand for residential property. However, the warehousing market is positioned for solid growth, benefitting from the rise in e-commerce. This is particularly relevant to Poland, which leads the EU warehouse market.

According to Cognitive Market Research, the global Real Estate Portfolio Management Software Solution market size will be USD 1684.2 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 673.68 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 505.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 387.37 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 84.21 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 33.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The ERP is the fastest growing segment of the Real Estate Portfolio Management Software Solution industry

Market Dynamics of Real Estate Portfolio Management Software Solution Market

Key Drivers for Real Estate Portfolio Management Software Solution Market

Growing Complexity of Real Estate Portfolios to Boost Market Growth

The increasing complexity of actual property portfolios, driven by means of the upward thrust of diverse asset sorts, regulatory necessities, and cross-border investments, is fueling the growth of the actual property portfolio control software answer marketplace. Investors and property managers are trying to find superior tools to streamline operations, manage dangers, and optimize performance. These answers provide real-time analytics, centralized information, and automation for coping with multifaceted portfolios. As real property markets evolve, the demand for classy software that complements decision-making guarantees compliance, and improves efficiency is rising, leading to a sturdy increase in this marketplace zone across numerous regions

Need for Data-Driven Decision Making to Drive Market Growth

The developing want for information-driven selection-making is driving the enlargement of the real estate portfolio management software solution marketplace. Investors and belonging managers are increasingly counting on advanced software to analyze vast amounts of statistics for optimizing funding techniques, forecasting tendencies, and improving asset performance. These structures provide real-time insights, predictive analytics, and reporting capabilities that assist extra informed choices, reducing risks and enhancing profitability. As the real property quarter turns into greater aggressive and complicated, the call for software solutions that leverage statistics to maximize returns and performance is swiftly increasing, boosting market increase.

Restraint Factor for the Real Estate Portfolio Management Software Solution Market

High Initial Cost, will Limit Market Growth

The high initial value of implementing a real property portfolio control software program is a huge barrier to the marketplace boom. Many small and mid-sized real estate firms hesitate to spend money on those solutions because of the great upfront expenses related to licensing, customization, and integration. Additionally, ongoing costs for schooling, renovation, and enhancements can stress budgets, especially for groups with restrained assets. These economic constraints discourage adoption, even though the long-term blessings of improved selection-making and operational performance are clean. As a result, the excessive value of access is slowing the general expansion of the actual estate portfolio management software marketplace.

Impact of Covid-19 on the Real Estate Portfolio Management Software Solution Market

The COVID-19 pandemic increased the adoption of actual estate portfolio management software as companies sought virtual solutions to navigate market disruptions. Remote work, fluctuating belongings values, and extended tenant needs heighten the need for actual-time facts, analytics, and automation. However, financial constraints at some stage in the pandemic slowed new investments in software programs, spec...

In March 2020, developers received 23.5 percent more building permits than in the same period last year. Many more apartments were also completed (+17 percent) than in March 2019. In the case of investments carried out by individuals, a decrease was noted in each category. The highest year-on-year decline (-24.9 percent) was recorded among newly launched residential developments.

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

According to Cognitive Market Research, the global tiny home market size is USD 815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 21.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 326.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 244.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 187.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.2% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 40.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 16.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.9% from 2024 to 2031.
The mobile tiny homes held the highest tiny home market revenue share in 2024.

Market Dynamics of Tiny Homes Market

Key Drivers of Tiny Homes Market

Rising Affordability to Increase the Demand Globally

For those looking for economical housing options, tiny homes are a compelling choice. They usually have a far cheaper price tag than regular homes, which makes them especially appealing to young people, those with student loan debt, and anyone looking to reduce their housing costs. Tiny homes' affordability creates opportunities for financial independence and flexibility, freeing up funds for other vital aspects of a person's life. For those who choose this alternative housing option, the lower financial load can also relieve stress and offer a sense of security, promoting a more meaningful and sustainable lifestyle.

Growing Sustainability to Propel Market Growth

The environmentally friendly attributes of tiny homes make them the perfect representation of sustainability. By incorporating features like solar panels and water-saving fixtures, they increase efficiency while reducing their negative effects on the environment. Tiny homes require less building materials due to their reduced footprint, which lowers resource consumption and waste production. Furthermore, because of their small size, they demand less energy for heating and cooling, which reduces the need for fossil fuels and reduces carbon emissions. Tiny homes provide a practical way to solve environmental issues by adopting sustainable techniques in every aspect of life, from building to daily living. In addition to helping the environment by lowering pollution and preserving resources, this eco-friendly strategy encourages people who are dedicated to sustainable living practices to lead more responsible and thoughtful lives.

Restraint Factors Of Tiny Homes Market

Lack of Awareness to Limit the Sales

The idea of compact homes is still not widely known in many developing nations. This lack of familiarity is a result of various factors, including housing policies, cultural norms, and prevailing economic realities. Conventional house models frequently predominate, and there might be an idea that larger dwellings are a symbol of success or prestige. A further barrier to knowledge is the lack of tools and information regarding alternate housing possibilities. To overcome this obstacle, focused education campaigns that emphasize the cost, sustainability, and adaptability of tiny homes are needed. Tiny homes may become more widely accepted as a practical housing choice in developing nations by including local communities, legislators, and stakeholders in conversations about creative housing solutions.

Impact of Covid-19 on the Tiny home Market

The market for tiny dwellings has been affected by the COVID-19 pandemic in a variety of ways. On the one hand, people looking for financial stability and flexibility are becoming more interested in affordable housing options as a result of the economic slump, which is increasing the market for tiny homes. Demand has also increased as a result of some people being inspired to look into movable or smaller living arrangements by the shift towards remote employment. The availability of labor and supplies has been limited due to supply chain interruptions and construction d...

According to Cognitive Market Research, The Global Property Management Service market was estimated at USD 14.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. Rising Demands for SaaS-based Property Management Software to Expand Market Penetration

Subscription-based SaaS solutions benefit companies of all sizes. Businesses increasingly use SaaS solutions to optimize operations by automating workflows and removing manual input. Businesses can also lower the cost and complexity of on-premises deployment by installing SaaS solutions. SaaS software assists large multifamily property management organizations integrate several technologies across their portfolio. In addition, the SaaS model is crucial for multi-vendor device compatibility with legacy systems.

For instance, Planon collaborated with AddOnn in March 2021 to combine AddOnn's SaaS solution with Planon's software platform for building and service digitalization to provide end-to-end solutions to end-users worldwide.

(Source:planonsoftware.com/uk/news/planon-and-addonn-launch-partnership-with-introduction-of-mobile-cleaning-solution/)

Employees in real estate organizations rely on up-to-date information to make vital decisions. SaaS systems allow users to access information from any location and device with internet connectivity. A SaaS platform can help property managers link their property solutions with sophisticated payment services for quick and easy transactions.

Evolving Trends of Workforce Mobility to Strengthen Market Share

Many employees nowadays prefer to work from home rather than in offices, corporate headquarters, or a global company branch. This contributes to the need for flexible access to office resources and data. Besides, organizations are using virtual workplaces to reduce their physical infrastructure requirements to a bare minimum, allowing them to be more flexible and use their office space better. Many businesses seek mobility, workplace, and other integrated facility management solutions. This enables property managers to retain productivity while working with a huge crew. These solutions can be used by associated real estate agents & property managers to maintain track of all the properties they manage and the routine maintenance that needs to be performed on them. As a result, the rising trend of workplace mobility is propelling the property management service industry forward.

For instance, Entrata Inc. reported the integration of Alexa with residential buildings in April 2021. This integration would enable property managers to monitor or set up Alexa-enabled devices in each unit, allowing them to create voice-controlled automated homes.

(Source:www.prnewswire.com/news-releases/entrata-enables-alexa-experience-at-scale-with-amazons-alexa-for-residential-301263114.html)

Market Dynamics of Property Management Service

Integration Complexity and Data Security Concerns to Limit Market Growth

One significant restraint property management software services face is the complexity of integrating with existing systems and databases. Many property management companies already have established tools for accounting, tenant communication, maintenance tracking, and more. Implementing new software solutions can lead to compatibility challenges and difficulties in transferring data seamlessly. Furthermore, as property management software handles sensitive information such as tenant details, financial records, and property documents, ensuring robust data security becomes critical. Any breaches or unauthorized access can lead to legal consequences, financial losses, and company reputation damage.

Impact of COVID-19 on the Property Management Service Market

The COVID-19 pandemic significantly impacted the property management service market, introducing shifts in tenant behavior, remote work trends, and economic uncertainties that prompted property managers to adapt their strategies. Lockdowns and travel restrictions decreased demand for short-term rentals, while remote work trends increased the significance of property amenities and flexible leasing options. Property managers incorporated virtual tours, contactless services, and enhanced sanitation measures to address safety concerns. Moreover, the pandemic accelerated the adoption of proptech solutions for remote property monitoring and digital communication, reshap...

Revenue for the Real Estate Development and Management industry in China is expected to decrease at a CAGR of 3.9% over the five years through 2024. This trend includes an expected decrease of 2.3% 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 real estate development and management industry, and some sales offices have been forced to close temporarily. In 2022, the sales area of commercial housing decreased by 24.3%, and the sales of commercial housing decreased significantly by 29.8%.Industry revenue will recover at an annualized 3.4% over the five years through 2029. 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.

Thailand's real estate market, valued at $54.90 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 5.41% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, increasing urbanization and a growing middle class are boosting demand for residential properties, particularly in major cities like Bangkok, Phuket, and Chiang Mai. The tourism sector, a significant contributor to the Thai economy, continues to drive demand for hospitality and retail real estate. Furthermore, government infrastructure projects and initiatives aimed at attracting foreign investment are stimulating the commercial and industrial segments. The strong performance of leading developers such as Origin Property, Central Pattana, and Sansiri underscores the market's overall health and attractiveness to investors. However, challenges remain. Economic fluctuations, potential interest rate hikes, and evolving consumer preferences could influence market dynamics. Careful analysis of these factors is crucial for investors and developers navigating the complexities of this dynamic market. The segmentation of the Thai real estate market reflects diverse investment opportunities. The residential sector, comprising apartments and houses, is the largest segment, showing consistent demand across various price points. The office sector is influenced by the growth of technology and business process outsourcing (BPO) companies, creating demand for modern office spaces. Retail real estate, particularly in prime locations, benefits from the robust tourism sector and expanding consumer spending. The hospitality sector, including hotels and resorts, is directly tied to tourism growth and government initiatives to attract visitors. Finally, the industrial and logistics segment shows strong potential driven by ongoing investments in infrastructure and the growth of e-commerce. A geographical spread of investments across key cities like Bangkok, Phuket, Pattaya, Chiang Mai, and Hua Hin, allows for diversification and caters to various market demands. This dynamic interaction of segments and geographical locations contributes to the overall growth trajectory of the Thai real estate market. This comprehensive report provides an in-depth analysis of the Thailand real estate market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this study offers valuable insights into market trends, growth drivers, and challenges for investors and stakeholders. The report analyzes key segments including residential, office, retail, hospitality, and industrial and logistics real estate across major cities like Bangkok, Phuket, Pattaya, Chiang Mai, and Hua Hin, as well as the "Rest of Thailand". The report leverages historical data (2019-2024) and incorporates recent significant developments to present a robust and future-oriented perspective on the Thai real estate landscape. This report is perfect for real estate investors, developers (like those specializing in luxury condos Bangkok), government agencies, and financial institutions looking for a detailed understanding of this dynamic market. It also examines the impact of partnerships such as the July 2022 collaboration between MQDC and Thai Airways on tourism and economic recovery. Recent developments include: December 2023: Saudi Arabia and Thailand collaborated to enhance innovation and entrepreneurship, strengthening their bilateral ties. The bilateral trade relationship witnessed an uptick, with Riyadh hosting a four-day trade show in August featuring over 100 manufacturers and entrepreneurs from Thailand showcasing various products across sectors., July 2022: MQDC, a leading property developer, and Thai Airways International Public Company Limited (THAI) formed a partnership to boost real estate and tourism and assist Thailand's economy in recovering from the COVID-19 pandemic. For the mutual advantage of all parties, MQDC and THAI worked together in the marketing sector across four sectors as they explored ways to support their present and prospective clients.. Key drivers for this market are: The Rise in e-commerce and digitalization. Potential restraints include: The Complexity of regulations and property ownership. Notable trends are: Growth in Tourism is Driving the Market.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

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: 28 percent of Millennials were more interested in buying a home due to the COVID-19 pandemic compared with nine percent of Baby Boomers.In the United States, the 2020 homeownership rate reached 65.8 percent.

The house price index in Malaysia reached 216.5 in 2023, an increase of more than twofold compared to the base index of 100 in 2010. The price index, which measures the average change in prices over a period of time, indicated that the value of housing in the country continued to increase every year since 2014. Recovery in the housing market Malaysia’s real estate industry was significantly hit by the COVID-19 pandemic but showed signs of recovery in 2022 when the restrictions were finally lifted. Subsequently, the housing market also signaled a positive recovery, with the transaction value of the residential sector growing by approximately 22 percent in the same year. Going into 2024, despite uncertainties in the global economy, the housing market in Malaysia is likely to experience more growth. Demand for more affordable housing Although the real estate market is recovering and the inflation rate in the country has slowed down, the average price of houses reached nearly 450,000 Malaysian ringgit in 2022, an increase of around 12,000 Malaysian ringgit compared to the previous year. According to a survey conducted in the capital city, Kuala Lumpur, the majority of potential home buyers had a housing budget of less than 250,000 Malaysian ringgit. As of 2024, the Malaysian government already has several low-cost housing schemes catered for the B40 lower-income and M40 middle-income groups. Nevertheless, with the rising residential prices and current cost of living, there will be more demand for affordable housing options among home buyers.

The real estate virtual tour software market is experiencing significant growth, with a projected compound annual growth rate (CAGR) of 11.1% during the forecast period of 2025-2033. In 2025, the market size was valued at 305.6 million USD and is expected to reach 786.8 million USD by 2033. The increasing adoption of virtual tours to enhance property showcase and buyer engagement is driving market expansion. Additionally, the COVID-19 pandemic has accelerated the demand for virtual tours as they offer a safe and convenient way to view properties remotely. Key market trends include the rising popularity of cloud-based and web-based virtual tour solutions for their flexibility and accessibility, as well as the growing adoption of virtual tours by large enterprises and small and medium-sized enterprises (SMEs). The market is segmented by type (cloud-based, web-based, and application) and application (large enterprises and SMEs). Prominent companies in the market include Paradym, VisualStager, Fusion, immoviewer, TourVista, TourWizard, VirtualTourCafe, Cupix, Eye Spy 360, FlyInside, Geocv, iGuide, and more. In terms of regional distribution, North America dominates the market, followed by Europe, Asia Pacific, and the Middle East & Africa.

Among the major office markets in the United States, Manhattan, NY, had the lowest vacancy rate in the fourth quarter of 2023. Approximately 13 percent of office space was vacant in that quarter, compared to 33.4 percent in Phoenix. Since the onset of the COVID-19 pandemic, the office real estate sector has been suffering an increase in office vacancies, affecting both downtown and suburban properties.