Real estate trends in 2024

24.01.2024

Apollo Realty real estate agency welcomes you! The year 2024 promises to be full of new trends and changes in the real estate market. In this article we will look at the key trends that will determine buyer preferences, investment strategies and overall market dynamics in the current year.

1. environmental sustainability and green homes

Environmental sustainability has become an important aspect in the construction and operation of real estate. In 2024, the trend toward green homes and sustainable materials will only intensify. Buyers are increasingly looking at energy efficiency, the use of renewable energy sources such as solar panels and geothermal heating systems, and the ability to minimize their carbon footprint.

2. technological innovation and smart homes

Technology continues to play a key role in transforming the real estate market. In 2024, we will see even more smart homes equipped with smart control systems for lighting, heating, security and home appliances. Such technologies not only increase the comfort of living, but also enable significant savings on utilities.

3. Growing interest in countryside real estate

The COVID-19 pandemic has changed many people's priorities for where they live. Suburban real estate, which offers more space and opportunities to work remotely, will continue to be in high demand. In 2024, interest is expected to increase for homes with homesteads, as well as properties located in environmentally friendly neighborhoods.

4. Flexible workspaces

With the rise of hybrid work models and the increasing number of freelancers, there is a growing need for adaptive and multifunctional living spaces. Modern apartments and houses are being designed with the need for home offices and areas for online meetings and webinars in mind. Soundproofing and high-speed internet are becoming important.

5. Increasing the role of digital platforms

The digitalization of the real estate market continues, and 2024 will see a further increase in the use of online platforms for buying, renting and selling real estate. Virtual tours, online consultations with realtors, and electronic document signatures are all becoming industry standard, increasing the convenience and transparency of transactions.

6. Urbanization and development of urban agglomerations

Despite the growing popularity of suburban real estate, urbanization remains a significant trend. Large cities continue to develop, creating new agglomerations and increasing the density of development. In 2024, we will see many projects to renovate old neighborhoods, build new residential complexes with developed infrastructure and improve transport accessibility.

7. Reduction of interest rates and credit availability

In the context of economic instability, many countries continue to keep interest rates low, which contributes to the affordability of mortgage loans. This stimulates demand for home purchases, especially among young families and first-time buyers. In 2024, we can expect this trend to continue, which will have a positive impact on the overall real estate market.

8. Impact of demographic change

Demographic changes, such as the aging of the population and the growing number of young professionals, are also affecting the real estate market. Ageing buyers are looking for comfortable and safe housing with good medical infrastructure, while the younger generation prefers modern apartments in central areas with good transport accessibility and developed social infrastructure.

Conclusion

The year 2024 brings many opportunities and challenges for real estate market participants. Environmental sustainability, technological innovation, flexible workspaces and digitalization are just some of the key trends that will shape the future of real estate. Apollo Realty is always one step ahead to offer you the best solutions and help you navigate the rapidly changing world of real estate.

Stay on top of the latest trends with Apollo Realty!

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