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Condominiums and Apartments Market Size Was Valued at USD 1,220.51 Billion in 2022, and is Projected to Reach USD 1582.5 Billion by 2030, Growing at a CAGR of 3.3 % From 2023-2030.
Condominiums and apartments are increasingly popular housing options, particularly in urban areas. Condominiums represent individually owned units within a larger building, with shared ownership of common areas. Apartments, on the other hand, are typically rented units within a building owned by a landlord or property management company. Both offer residents access to amenities such as fitness centers, swimming pools, and security systems, while varying in terms of ownership, financial responsibilities, and lifestyle preferences.
Key Prominent Players In The Condominiums and Apartments Market:
· China Vanke Co., Ltd (China)
· Evergrande Group (China)
· Country Garden Holdings (China)
· Mitsubishi Estate Co., Ltd. (Japan)
· Mitsui Fudosan Co., Ltd. (Japan)
· Sumitomo Realty & Development Co., Ltd. (Japan)
· CapitaLand Limited (Singapore)
· City Developments Limited (Singapore)
· Ayala Land, Inc. (Philippines)
· SM Prime Holdings, Inc. (Philippines)
· Emaar Properties (United Arab Emirates)
· Damac Properties (United Arab Emirates)
· Lennar Corporation (United States)
· Equity Residential (United States)
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Global Condominiums and Apartments Market Segmentation:
· Urban
· Suburban
· Rural
By Buyer Demographics
· First-time Buyers
· Empty Nesters
· Millennials
· Retirees
By Property Types
· Luxury Condos
· Affordable Housing
· Mixed-Use Developments
· Student Housing
By Amenities
· High-rise vs. Low-rise
· Gated Communities
· Fitness-Centric
· Green Buildings
By Investment vs. Residential
· Investment Properties
· Owner-Occupied
By Age of Construction
· New Developments
· Established Communities
Geographic Segment Covered in the Report:
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Condominiums and Apartments market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Condominiums and Apartments market segments and regions.
Condominiums and Apartments Market Trend Analysis
Urbanization and Population Growth: The increasing concentration of population in urban areas is driving demand for compact, convenient housing options.
Changing Demographics: A shift towards smaller households, rising number of young professionals, and aging baby boomers are influencing housing preferences.
Remote Work and Flexible Living: The rise of remote work has led to increased demand for flexible living spaces that can accommodate both work and leisure.
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