Global Real Estate Market , Size , Share and Forecast 2028

 

The Global Real Estate Market was valued at USD 3,510 Billion in 2021, and it is expected to reach a value of USD 4,630 Billion by 2028, at a CAGR of 4.97% over the forecast period (2022 - 2028).

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.

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Top Player’s Company Profiles

  • Coldwell Banker Real Estate LLC (US)
  • RE/MAX, LLC (US)
  • Keller Williams Realty Inc. (US)
  • CBRE Group Inc. (US)
  • Redfin (US)
  • Weichert, Realtors (US)
  • Sotheby’s International Realty (US)
  • Colliers (Canada)

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Global Real Estate Key Market Trends

  • 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.
  • Various technological advancements in AI and IoT are also providing an ample amount of services to the customer such as registration and storing and maintaining documents and records for payment of rent and renewal of lease etc. The significant increase in the disposable income by the people in developing countries also enabled the administrative bodies to get policies and regulation for better infrastructure which is expected to push the growth of the real estate market.

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