What is the global market size of Real Estate Market?

Global Real Estate Market size was valued at USD 3.69 Billion in 2021 and is poised to grow from USD 3.88 Billion in 2022 to USD 5.82 Billion by 2030, at a CAGR of 5.20 % during the forecast period (2023-2030).

Real Estate Market Size, Share, Growth Analysis, By Type(Sale, Rental, Lease), By Property(Residential, Commercial, Industrial, L), By Region - Industry Forecast 2024-2031

Report ID: SQMIG60I2003 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 65 | Figures: 75

Real Estate Market Dynamics

Real Estate Market Driver

Growing disposable income in developing countries and the growing demand from the millennials for homeownership is one of the reasons that is driving the growth of the real estate market globally.
The growing cost of construction and land acquisition is the reason for the growing demand for rental properties around the world. This had led to increasing demand for rental real estate which in turn made it an amazing investment opportunity that can generate rental income by giving it on rent or lease for various domestic and commercial purposes.

Real Estate Market Restraint

The main factor restraining the growth of the real estate market is the involvement of huge capital requirements in land acquisition and property development. These huge capital investments into the sector are growing the revenue generation but also bring a huge risk to the property developer. So very few companies are willing to take the risk in this process which is slowing down the growth of the real estate market globally.

Real Estate Market Report Snapshots

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Real Estate Market size was valued at USD 3.69 Billion in 2019 and is poised to grow from USD 3.88 Billion in 2023 to USD 5.82 Billion by 2031, at a CAGR of 5.20 % during the forecast period (2024-2031).

The Real Estate market is relatively fragmented, with a high level of competition. Few large players, like Brookfield Asset Management Inc, American Tower Corporation LLC, and Prologis Inc., now control the Real Estate Market in terms of market share. These real estate industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their Real Estate Market share and profitability. 'CBRE Group, Inc.', 'Jones Lang LaSalle (JLL)', 'Cushman & Wakefield', 'Newmark Group, Inc.', 'Colliers International Group Inc.', 'Knight Frank LLP', 'Savills plc', 'Hines', 'Brookfield Asset Management Inc.', 'Prologis, Inc.', 'Lendlease Corporation Limited', 'Mitsui Fudosan Co., Ltd.', 'Equity Residential', 'Digital Realty Trust, Inc.', 'Unibail-Rodamco-Westfield SE', 'The Blackstone Group Inc.', 'Simon Property Group, Inc.', 'Vornado Realty Trust', 'Host Hotels & Resorts, Inc.', 'CBRE Investors'

Growing disposable income in developing countries and the growing demand from the millennials for homeownership is one of the reasons that is driving the growth of the real estate market globally.

The key Real Estate Market trend that has been seen in the real estate market is rapid urbanization and the growing number of nuclear families across the world is driving the need for quality housing and infrastructure. The customer nowadays also prefers a clean, safe and secure environment along with various infrastructural development such as good connectivity through roads and railways. These are creating a positive stance for the real estate market which is good for the industry growth.

The real estate market in North America has seen a growth of 5.5% for the year 2021. But the Asia Pacific region has recorded the highest Real Estate Market share of around 53% in the real estate market for the year 2021. The presence of large economies like China and India with their huge population is one of the major reasons for the growth of real estate development and investment in properties. The favorable government policies and regulations are some of the reasons for the growth of the real estate market in the Indian region. Increasing spending on rental services and homeownership by millennials is one of the major reasons for the growth of the real estate industry.

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Real Estate Market Size, Share, Growth Analysis, By Type(Sale, Rental, Lease), By Property(Residential, Commercial, Industrial, L), By Region - Industry Forecast 2024-2031

Real Estate Market Dynamics

Real Estate Market Report Snapshots

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