According to a new market research report published by Credence Research “Global Ready-to-move-in Homes Market (Type (Affordable Homes, Luxury Homes, Super-Luxury Homes) Unit Size (1,000 Sq. Ft- 2,000 Sq. Ft, 2,000 Sq.Ft- 3,000 Sq. Ft, 3,000 Sq. Ft and above); End User (Residential Buyer, Corporate/Commercial Buyer)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the global ready-to-move-in homes market is set to grow with a CAGR of 7.0% during the forecast period.
Globally, due to economic fluctuations, people are seeking for reliable investment alternatives, that would not only be safe but also fruitful returns. Due to this, the residential real estate industry is going through a phase of development. Investment in ready to move in homes seems reliable in many ways as many real estate companies offer numerous luxurious built in amenities. Furthermore, as financial institutions are offering loan and minimum interest offers, it helps people fulfil their dreams of buying new homes.
Additionally, rather than waiting for possession of the house for a long term, it is always preferred to buy a ready-to-move-in home. This enables the growth of ready-to-move-in homes market across the globe. However, fluctuating real estate prices, and uncertainty of regulations are some factors restraining the growth of this market.
Based on type, the ready-to-move-in homes market is segmented into affordable, luxury, and super-luxury homes. The affordable homes segment dominated the market in 2018, however the luxury homes segment is likely to witness a fastest growth of over 8.2% during the forecast period. Furthermore, the residential buyer segment led the global market in 2018 by holding a largest market share mainly due to increasing demand for luxurious amenities and modern structures at a substantial price.
Based on geography, North America dominated the ready-to-move-in homes market in 2018 with a market share of more than 1/3rd of the global market. Meanwhile, Europe held second position in the global market and is projected to witness a growth of around 5.0%. However, with growing spending capacity and rapid development in building and construction industry, Asia-Pacific region is projected to showcase a significant growth during the forecast period.
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