| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Condominiums & Apartments Market Analysis
The Global Condominiums And Apartments Market is expected to register a CAGR of 3% during the forecast period.
- The global condominiums and apartments market is reportedly witnessing steady growth, attributed to urbanization and the rising demand for affordable housing. Industry sources suggest that advancements in construction technology and the integration of smart home features are enhancing the appeal of modern residential units. Analysts have noted that increasing environmental awareness is driving interest in sustainable and energy-efficient living spaces. Market trends indicate a shift toward smaller, more efficient living units, reflecting changing lifestyles and preferences. Additionally, the growing popularity of co-living and rental solutions is said to be reshaping perspectives on homeownership and urban living.
- For instance, North America highlight that Arlington County, in January 2024, issued a request for Letters of Intent (LOI) to gather project proposals aimed at increasing or preserving the supply of affordable rental housing. These initiatives are reportedly supported by federal funding through the Community Development Block Grant (CDBG) and HOME Investment Partnerships Program (HOME). In Europe, the European Union's "Green Deal Funding Alert" in November 2024 was said to have emphasized funding opportunities under the Horizon Europe Programme. This funding reportedly supports research and innovation in sustainable energy, which is expected to drive the construction of eco-friendly apartments and condominiums in the region.
- In the UAE, the official portal reportedly outlines a "Future Roadmap" that prioritizes sustainability and progress in infrastructure and urban development. This roadmap is said to promote the construction of smart condominiums and apartments, with a focus on green infrastructure, aligning with global trends in sustainable urban living.
- Technological integration is reportedly playing a significant role in the growth of the global condominiums and apartments market. Industry experts have observed that smart home technologies, such as AI-controlled lighting, climate systems, and security features, are enhancing the desirability of modern residential units. Innovations in building materials, including self-healing concrete and energy-efficient insulation, are said to be improving sustainability while reducing long-term costs for developers and homeowners.
- The adoption of modular construction techniques is reportedly enabling faster and more cost-effective building processes, which is expected to increase the supply of affordable housing. Additionally, tools like virtual reality and augmented reality are being utilized to help potential buyers and renters visualize properties, reportedly making the decision-making process more efficient.
- In conclusion, the global condominiums and apartments market is evolving with advancements in technology, sustainability initiatives, and changing consumer preferences. These factors are collectively shaping the market, driving growth, and redefining urban living standards worldwide.
Condominiums & Apartments Market Trends
Growing Population and Urbanization Rising the Market
The global condominiums and apartments market has reportedly witnessed substantial growth in recent years, attributed to increasing urbanization and population densities. As individuals migrate to urban areas for better employment opportunities and living standards, the demand for housing, particularly condominiums and apartments, has risen significantly. This trend appears to be prevalent across various regions, with developers and policymakers reportedly focusing on strategies to address the needs of growing urban populations.
In January 2025, initiatives in New York City were reported to include converting outdated office buildings into modern residential units. These measures, supported by state and city policies, were aimed at addressing housing shortages and repurposing underutilized commercial spaces. Projections indicated the creation of nearly 19,000 residential units over the next eight years, with several projects already in progress.
Additionally, a February 2025 analysis by realestate.com.au highlighted global disparities in real estate values, reportedly showing that Melbourne's median house price of AUD 900,000 (USD 5,595,300) could secure diverse properties worldwide, such as a 13-room chateau in France or a townhouse in Montenegro. Such comparisons were noted to emphasize the global impact of urbanization and population growth on housing markets.
In conclusion, the global condominiums and apartments market is expected to continue its growth trajectory, driven by urbanization trends and increasing population densities. Policymakers and developers are likely to play a critical role in addressing housing demands and adapting to evolving market dynamics.
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Asia-Pacific Takes Center Stage in Market
The Asia-Pacific region has been identified as a major contributor to the expansion of the global condominiums and apartments market. Analysts attribute this growth to rapid urbanization, economic advancements, and increased investments in residential real estate across the region.
For instance, projects like the Prestige Park Grove Residential Township in Bengaluru, India, are shaping the market. This development, spanning 21.81 hectares, is set to include 3,627 apartments across 19 towers and 88 villas. Construction reportedly began in Q4 2024, with completion expected by Q4 2027, reflecting the region's focus on luxury housing. Similarly, the Kalea Heights Residential Complex in Cebu, Philippines, is noted for its contribution to the market. Covering 4.6 hectares, the project began construction in Q4 2024 and is projected to conclude by Q3 2031, highlighting the region's long-term investment in residential infrastructure.
Additionally, market observers have highlighted a surge in cross-border investments within the region. For instance, ongoing conflicts in Myanmar have reportedly driven Myanmar citizens to invest heavily in Thai condominiums. Data suggests that sales of Thai condominiums to Myanmar buyers tripled in the first nine months of 2024 compared to the same period in 2023, showcasing the region's dynamic investment landscape.
In conclusion, the Asia-Pacific region's robust development activities and cross-border investment trends are playing a pivotal role in driving the global condominiums and apartments market. This growth trajectory is expected to continue, further solidifying the region's influence in the global housing sector.
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Condominiums & Apartments Industry Overview
Numerous local, regional, and global players contribute to the diverse and fragmented landscape of the global condominiums and apartments market. This fragmentation is particularly pronounced in regions like the Asia-Pacific and India, where a multitude of developers and real estate firms operate, ensuring no single entity holds a dominant position. The competitive arena features a spectrum of companies, from expansive international corporations to nimble local developers, each addressing distinct market segments and regional needs. Such a structure not only cultivates competition but also spurs innovation, resulting in a broad array of housing options tailored to varied consumer preferences.
For instance, in Juky 2024, Coldwell Banker Southern Realty reportedly expanded its presence in the global condominiums and apartments market by acquiring a Nashville-based firm. The acquisition increased its network to 10 offices and over 300 agents, with all employees and management retained. Industry sources highlighted Cosner's history of scaling real estate operations, including Century 21 Hillcrest Realty and Prudential California Realty.
Condominiums & Apartments Market Leaders
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Christie International Real Estate
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Clark Group
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ColdWell Banker Real Estate Company
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Suffolk Construction
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Emaar Properties
- *Disclaimer: Major Players sorted in no particular order
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Condominiums & Apartments Market News
- January 2025: Emaar Properties was reported to be in early-stage discussions with Indian firms, including the Adani Group, regarding a potential stake sale in its Indian subsidiary. The move could impact its role in the global condominiums and apartments market. Reports stated that valuation and deal terms are yet to be finalized.
- December 2024: Compass Inc., Christie's International Real Estate, and @properties reportedly collaborated to accelerate growth in the global condominiums and apartments market. Christie's International Real Estate's network spans 50 countries, while @properties operates in key U.S. regions. Sources indicated Compass aims to expand the affiliate network under the Christie's brand internationally.
- October 2024: Clarks Hotels & Resorts was said to have strategically acquired properties to strengthen its position in the global condominiums and apartments market. The expansion aligns with its vision to lead the Indian hospitality sector by 2025. Reports suggest the group is leveraging operational expertise to integrate properties under its brand seamlessly.
Condominiums & Apartments Industry Segmentation
The condominiums and apartments market is defined as the segment of the residential real estate industry comprising multi-story buildings that include condominiums and apartments. Condominiums are individually owned units within a shared property, while apartments are rental units owned by a single entity. This market is characterized by urbanization, increasing housing demand, and shifting lifestyle preferences. Key stakeholders include real estate developers, property management firms, and investors. Emerging trends in this market include the adoption of smart home technology, sustainable building designs, and co-living spaces. Additionally, government regulations, housing policies, and economic conditions play a critical role in shaping market growth.
The Condominiums and Apartments Market is segmented by Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America). The report offers market size and market forecasts for Condominiums and Apartments market in value (USD).
| By Geography | North America | United States | |
| Canada | |||
| Europe | United Kingdom | ||
| France | |||
| Germany | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Japan | |||
| South Korea | |||
| Australia | |||
| Rest of Asia-Pacific | |||
| Middle East & Africa | United Arab Emirates | ||
| Saudi Arabia | |||
| South Africa | |||
| Rest of Middle East & Africa | |||
| Latin America | Brazil | ||
| Argentina | |||
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Global Condominiums And Apartments Market Research Faqs
What is the current Global Condominiums And Apartments Market size?
The Global Condominiums And Apartments Market is projected to register a CAGR of 3% during the forecast period (2025-2030)
Who are the key players in Global Condominiums And Apartments Market?
Christie International Real Estate, Clark Group, ColdWell Banker Real Estate Company, Suffolk Construction and Emaar Properties are the major companies operating in the Global Condominiums And Apartments Market.
Which is the fastest growing region in Global Condominiums And Apartments Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Global Condominiums And Apartments Market?
In 2025, the North America accounts for the largest market share in Global Condominiums And Apartments Market.
What years does this Global Condominiums And Apartments Market cover?
The report covers the Global Condominiums And Apartments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Condominiums And Apartments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Global Condominiums And Apartments Industry Report
Statistics for the 2025 Global Condominiums And Apartments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Condominiums And Apartments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
