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

Global 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 land along with any permanent development attached to it, whether it may be man-made or natural including water, tree, minerals, building, homes, and bridges are known as Real Estate. Real estates are a form of property that differs from the personal property; those are things that are not related to land such as boat, car, farm equipment, and other vehicles. The rent, lease, and allow the use of land or building for domestic or commercial purposes are some of the entities that made up the real estate market. Selling, renting, and buying the properties on behalf of others and managing the same property on behalf of others is also an aspect of the real estate market. The real estate market is divided into three categories: rental, agency, and brokerage. The fees paid in exchange for the temporary use of someone else's property are also known as rental real estate. There are various types of rental real estate available on both online and offline platforms such as furnished, semi-furnished, and unfurnished real estate for renting. These are all attributed to the immense growth in the real estate market during the forecast period.

US Real Estate Market is poised to grow at a sustainable CAGR for the next forecast year.