The Scandinavian residential real estate market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rapid urbanization, rapid development in Scandinavian countries, strict regulation by government on zoning, and rising immigration.
For groups of people, individuals, and families the houses are built under residential real estate. The residential type contains townhouses, single-family homes, condominiums, apartments, and other types of living arrangements. The permanent improvements such as bridges, water, fences, trees, homes, minerals, and buildings attached to the land, made by naturally & humans including real estate. Raw land, commercial, residential, industrial, and special uses are five main categories of real estate.
The covid-19 pandemic impacted the Scandinavian residential real estate market. Decreasing supply of raw materials, lockdown across the globe, and supply chain disorders forced companies to close down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Scandinavian Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of household development project is estimated to boost the market.
- Rapid innovations in construction sector are the major factor fueling the market.
- Lack of awareness about residential real estate is projected to restrict the market expansion during the forecast period.
- High price of services is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in residential real estate market is projected to offer lucrative opportunities for the market players.
Scope of Scandinavian Residential Real Estate Market Report
The report on the Scandinavian residential real estate market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Residential Real Estate Market – Scandinavian Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018-2019
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Forecast Period
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2021-2028
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Segmentation
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Product Type (Villas, Condominiums, and Others), Housing Types (Youth Housing, Family Housing, and Elderly Housing)
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Geographical Scope
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Norway, Sweden, and Denmark
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Utleiemegleren; Veidekke ASA; Betonmastaehre AS; A Enggaard AS; EDC Maeglerne; Fastighets AB Balder; Oscar Properties Holding AB; L E Lundbergforetagen AB; Riksbyggen; Akelius Residential Property AB; Danish Homes; Dades AS; ELF Development AS; OBOS BBL; and Krogsveem Eiendomsmegling
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Scandinavian Residential Real Estate Market Segment Insights
The condominiums segment accounts for key share of the market
Based on types, the Scandinavian residential real estate market is fragmented into villas, condominiums, and others. The condominiums segment accounts for a key share of the market. Growth of the market is attributed to rising industrialization and increasing research & development activities in construction sector. However, the villas segment is anticipated to expand at a rapid pace during the forecast period due to increasing per capita income, growing demand for households, rising awareness among customers, and increasing number of small & medium industries.
The elderly housing segment is anticipated to hold significant market share
On the basis of housing types, the market is divided into youth housing, family housing, and elderly housing. The elderly housing segment accounts for a significant share of the market. Growth of the market is attributed to customers focus shifting towards comfort homes and rapid technological advancement in residential development & infrastructure. The youth housing is anticipated to expand at a rapid pace during the forecast period due to factors such as rising investment by private sectors, rapidly growing population, rapid economic growth, and rising awareness among customers.
Norway is estimated to hold a major market share
On the basis of region, the Scandinavian residential real estate market is categorized as Norway, Sweden, and Denmark. The market of Denmark is estimated to expand at a high CAGR during the forecast period due to factors such as limited number of households and office space is getting converted into residential uses. The market of Norway is estimated to hold major market share due to rising mortgage rates, increasing housing prices, presence of major market players, and growing trend for rental accommodation.
Segments
The Scandinavian residential real estate market has been segmented on the basis of
Types
- Villas
- Condominiums
- Others
Housing Types
- Youth Housing
- Family Housing
- Elderly Housing
Geography
Key Players
- Utleiemegleren
- Veidekke ASA
- Betonmastaehre AS
- A Enggaard AS
- EDC Maeglerne
- Fastighets AB Balder
- Oscar Properties Holding AB
- L E Lundbergforetagen AB
- Riksbyggen
- Akelius Residential Property AB
- Danish Homes; Dades AS
- ELF Development AS
- OBOS BBL
- Krogsveem Eiendomsmegling
Competitive Landscape
Key players competing in the Scandinavian residential real estate market include Utleiemegleren; Veidekke ASA; Betonmastaehre AS; A Enggaard AS; EDC Maeglerne; Fastighets AB Balder; Oscar Properties Holding AB; L E Lundbergforetagen AB; Riksbyggen; Akelius Residential Property AB; Danish Homes; Dades AS; ELF Development AS; OBOS BBL; and Krogsveem Eiendomsmegling.
Some of these players are using several market strategies such as collaborations, acquisitions, partnerships, merger, product launches, and capacity expansion to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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