Global Real Estate Market is expected to reach USD 13.9 trillion by 2030
The rapidly growing population across the globe, rising urbanization, and growing tourism industry worldwide are driving the growth of the real estate market.
The Real Estate Market size was valued at USD 9.8 trillion in 2023, and is predicted to reach USD 13.9 trillion by 2030, with a CAGR of 5.8% from 2024 to 2030. The increasing global population is fueling the need for housing and infrastructure, consequently propelling the growth in the real estate market.
With the ongoing population expansion, the demand for various types of infrastructure, including residences, office spaces, and commercial properties, is rising. This dynamic presents a substantial opportunity for real estate developers and investors to meet these growing needs.
Moreover, the global trend of urbanization is a major force behind the remarkable growth of the real estate market. As an increasing number of people seek improved opportunities and living standards in urban areas, the demand for housing, office spaces, and infrastructure development is on the rise. This shift is driving substantial growth in the real estate market, presenting lucrative prospects for real estate companies to meet the evolving needs of urban populations and foster economic development.
On the contrary, stringent government policies and economic factors hinder real estate market growth. Regulatory measures, taxation policies, and economic conditions such as recessions can limit the expansion and investment potential of businesses, impacting the real estate market's development and performance.
However, the growing smart city and sustainable development projects worldwide create lucrative market opportunities. These initiatives focus on creating environmentally-conscious, tech-savvy urban spaces, which, in turn, drive the demand for innovative real estate solutions. This trend not only addresses global challenges of accommodation but also offers promising prospects for real estate developers and investors in a world increasingly focused on sustainability and technology.
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According to the report, leading players operating in the real estate market include Prologis, Inc., Brookfield Asset Management, Inc., ATC IP LLC, Simon Property Group, L.P., Coldwell Banker, Tata Housing Development Company, Keller Williams Realty, Inc., CBRE Group, Inc., Sotheby’s International Realty Affiliates LLC, and Colliers.
Key Insights from the Real Estate Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the real estate market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of the players in the global real estate market along with their competitive analysis are provided in the report.