Latest News- Residential Real Estate Market: Sales is expected to lead the Mode Of Booking segment during 2024-2028

The Residential Real Estate Market is being driven by Growing residential sector globally

The Residential Real Estate Market is expected to grow at a CAGR of 4.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 482.1 billion. In the dynamic residential real estate market, vendors employ an integrated marketing communication strategy to promote their products and services. This approach utilizes various channels, such as print media, television advertising, and social platforms. Vendors create comprehensive marketing campaigns, including pre-roll internet ads, extensive social media and blogging programs, and visually engaging websites. The creative strategy enhances brand authenticity and recognition, generating significant consumer interest in company offerings. Social media plays a pivotal role, with visual content driving customer engagement and fostering online brand communities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Mode Of Booking
  • Sales
  • Rental/Lease
• Type
  • Apartments and condominiums
  • Landed houses and villas
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing residential sector globally
• Growing population and urbanization in developing countries
• Increasing support of government for affordable houses

However, the market also witnesses some limitations, which are as follows:

• Regulatory uncertainty
• Increasing prices of raw materials required for construction
• Saturation of the residential real estate market in certain countries and cities

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Market Scope in Residential Real Estate Market Research Report

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Research Analysis Overview

In the residential real estate market, fiscal year performance is influenced by macroeconomic headwinds and economic factors. Luxury residential property launches cater to discerning buyers seeking spacious accommodations. Essential support comes from housing market fundamentals, including population growth and purchasing power in nominal and real terms. Home sales are driven by economic fundamentals such as GDP per capita and residential construction leading to new housing units. Despite challenges from macroeconomic conditions, the market remains robust.

Market Research Overview

The residential real estate market is a significant segment within the broader context of the global specialized consumer services industry. Fiscal year revenues for this sector encompass property launches, catering to discerning buyers seeking spacious accommodations and essential support services. Macroeconomic headwinds and economic factors influence market dynamics, with population growth driving demand for housing in nominal and real terms. Specialized consumer services, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services, contribute to the market size. Technavio's analysis focuses on the revenue generated by these providers, excluding consumer services classified under casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/