Industry: Construction & Manufacturing | Publish Date: 12-Nov-2024 | No of Pages: 99 | No. of Tables: 69 | No. of Figures: 34 | Format: PDF | Report Code : CM1229
The Russia Real Estate Market size was valued at USD 216.4 million in 2023, and is predicted to reach USD 356.7 million by 2030, at a CAGR of 7.4% from 2024 to 2030.
The real estate industry constitutes a multifaceted market involving the acquisition, development, and management of residential and commercial properties. This expansive sector includes residential real estate, catering to individuals and families, as well as commercial and industrial real estate, focused on business operations and manufacturing. Real estate development involves the creation and enhancement of properties, while real estate investment encompasses acquiring properties for financial gain.
Additionally, a range of professional services, such as those provided by real estate agents and property managers, contributes to the industry's dynamics. Influenced by economic trends, demographic shifts, and regulatory factors, the real estate market is a complex landscape where various stakeholders engage in activities that shape urban environments, support economic growth, and provide investment opportunities.
The growing population across the region is driving the demand for housing and infrastructure, thereby boosting the real estate market. As the population continues to rise, the demand for infrastructure, such as housing, offices, and commercial spaces, has been surging.
This presents a significant opportunity for real estate developers and investors. Recognizing these demographic trends enables stakeholders in the real estate industry to make informed decisions about where to invest, the types of properties to develop, and how to tailor offerings to meet the specific needs of the local population.
Economic indicators play a pivotal role in steering the dynamics of the real estate industry. The fluctuation of interest rates is a key driver, with lower rates typically boosting demand for real estate due to increased affordability of mortgages. Employment rates serve as a barometer of economic health, influencing consumer confidence and, consequently, the willingness of individuals to invest in property.
Additionally, the overall economic growth, as reflected in the Gross Domestic Product (GDP), is a critical factor shaping the real estate landscape. During periods of economic expansion, rising income levels contribute to greater purchasing power, fostering increased demand for housing and positively impacting the commercial real estate sector.
Government policies and regulations, including tax structures and zoning rules, alongside economic uncertainties such as recessions, are the primary factors constraining the growth of the real estate market. These influential elements determine the property values, development opportunities, and investor confidence, thereby making it crucial for real estate professionals to adapt and strategize in accordance with these dynamics, which can significantly impact the market's trajectory.
The growing number of smart cities and sustainable development projects over the region is expected to provide ample opportunities in the real estate market in the coming years. These projects focus on creating eco-friendly, tech-savvy urban environments that enhance the quality of life.
As cities face issues of energy efficiency and infrastructure, the real estate sector benefits from constructing environmentally friendly, technologically advanced properties. This trend not only addresses pressing global challenges but also offers a promising future for real estate investors and developers to prosper in a world increasingly focused on sustainability and technology.
The market players operating in Russia real estate market include Pik Group,Glavstroy, LSR group, PJSC INGRAD, Etalon Group, SETL Group, Donstroy Invest JSC, Samolet Group, Just Prime Homes and VIP REALTY CLUB.
Residential Real Estate
Commercial Real Estate
By Property Size
Affordable Housing
Mid Range Housing
Luxury Housing
Homebuyers
Investors
Corporations/Businesses
Public Sector/Government
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 216.4 Million |
Revenue Forecast in 2030 |
USD 356.7 Million |
Growth Rate |
CAGR of 7.4% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Pik Group
Glavstroy
LSR group
PJSC INGRAD
Etalon Group
SETL Group
Donstroy Invest JSC
Samolet Group
Just Prime Homes
VIP REALTY CLUB