Real Estate Market Research, 2031. The global real estate market was valued at $28,917.7 billion in 2021, and is projected to reach $48,923.3 billion by 2031, registering a CAGR of 5.3% from 2022 to 2031.
Which country has the largest real estate market?
Traditionally, the right to use industrial land was sold at a discount while commercial and residential real estate prices were determined by the market. As of 2023, China has the highest rate of home ownership in the world.
Is real estate the biggest industry?
Real estate plays a defining role in the American economy. It is by far the largest asset class in the United States, comprising over 40% of private assets nationally, followed by bonds, stocks, and cash (Figure 1). But we invest—and reap—far more than wealth from what we build.
How much of GDP is real estate worth?
Share: Housing's combined contribution to GDP generally averages 15-18%, and occurs in two basic ways: Residential investment (averaging roughly 3-5% of GDP), which includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes, and brokers' fees.
How much is the entire US housing market worth?
After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. housing market is back on track, stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group.
How big is the real estate transaction market worldwide
Residential Real Estate dominates the market with a projected market volume of US$498.60tn in 2023. The value is expected to show an annual growth rate (CAGR
A real estate market valued at 60 trillion more than 50% of global GDP. Most municipalities levered at more than 500% of their revenues and banks having only 2% provisions.
— Michael Nicoletos (@mnicoletos) March 31, 2023
Is real estate the largest asset class in the world?
Real estate is a whopping $217 trillion — making it the world's most important asset class. In fact, global real estate is a more valuable asset class than all the stocks, shares and bonds combined. Why so much value? A hard asset like real estate is very stable.
Frequently Asked Questions
Which country has the highest real estate value?
What is the total global value of real estate?
The global Real Estate Market size was valued at USD 3.69 trillion in 2021 and is poised to grow from USD 3.88 trillion in 2022 to USD 6.13 trillion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).
How big is the real estate market in GDP?
As of 2021, spending on housing services was about $2.8 trillion, accounting for 11.9% of GDP. Taken together, spending within the housing market accounted for 16.7% of GDP in 2021.
Which country has highest real estate growth?
The value is expected to show an annual growth rate (CAGR 2023-2028) of 3.52%, resulting in a market volume of US$729.40tn by 2028. In global comparison, most Real Estate value will be generated in China (US$131.20tn in 2023).
What countries are buying US real estate?
In total, 15% of foreign buyers purchased properties worth more than $1 million from April 2022 to March 2023. China and Canada remained first and second in U.S. residential sales dollar volume at $13.6 billion and $6.6 billion, respectively, continuing a trend going back to 2013.
Which country is best to invest in real estate 2024?
What country owns the most US real estate?
China and Canada remained first and second in U.S. residential sales dollar volume at $6.1 billion and $5.5 billion, respectively, continuing a trend going back to 2013. India ($3.6 billion), Mexico ($2.9 billion), and Brazil ($1.6 billion) rounded out the top five.
FAQ
- What is the size of the global real estate market?
Sep 9, 2021 — The value of all the world's real estate reached $326.5 trillion in 2020, a 5% increase on 2019 levels and a record high.
- Which country has the strongest real estate market?
- China is home to more of the world real estate market assets (by value) than any other country at $42.7tn or 21 per cent of global real estate value, just ahead of the US at $42.1tn.
- Which countries have the highest real estate prices?
- Cities with the highest property prices
- Monaco. Known for its luxury and exclusivity, Monaco holds the top rank of the most expensive housing market in the world.
- Hong Kong. With limited land and a high population density, Hong Kong has seen property prices skyrocket.
- New York.
- Singapore.
- London.
- Geneva.
- Los Angeles.
- Paris.
- Where are real estate prices rising the fastest?
FarmingtonNew Mexico
U.S. metros with the biggest increases in home values in 2022
Metro area Growth 1. FarmingtonNew Mexico 20.3% 2. North Port-Sarasota-BradentonFlorida 19.5% 3. Naples-Immokalee-Marco IslandFlorida 17.2% 4. Greensboro-High PointNorth Carolina 17% - Where in the world are property prices falling?
- Germany is one of the countries with the worst housing crisis, given that it is expected to witness a 32% drop in real estate construction between 2023 and 2025. Consequently, housing prices are predicted to go down by 5.5% by the end of 2023.
- What city has the hottest real estate market?
- Hottest Housing Markets for Demand
- Raleigh, North Carolina – 76.4.
- Durham, North Carolina – 74.8.
- Denver – 74.4.
- Phoenix – 69.6.
- Greeley, Colorado – 69.4.
How big is the global real estate market
| What is the best country to start real estate? | Best Countries To Invest In Real Estate 2023
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| Where is real estate hottest right now? | For example, the fastest growing real estate market over the last year was Dodge City, KS with a 13.47% jump in home prices. Rounding out the top five are Oxford, MS (11.85%), Statesboro, GA (10.07%), Wausau, WI (9.97%), and Vineland, NJ (9.26%). |
| What is the total value of commercial real estate in the United States? | $20.7 trillion The estimated total dollar value of commercial real estate was $20.7 trillion as of 2021:Q2. |
| What is the value of global real estate assets? | $326.5 trillion The value of the world's real estate assets rose 5% in 2020 to $326.5 trillion, making it the world's most significant store of wealth and more valuable than all global equities and debt securities combined, and worth almost four times that of global GDP, according to new research released by Savills as part of its |
| How many square feet is commercial real estate in the US? | 97 billion square feet CBECS estimates that 5.9 million U.S. commercial buildings contained a total of 97 billion square feet as of 2018. The number of commercial buildings increased by 6%, and commercial square footage increased by 11% since the CBECS was last conducted in 2012. |
| How big is the global REIT market? | A total of 893 listed REITs with a combined equity market capitalization of approximately $2.5 trillion (as of Dec. 2021) are in operation around the world. Today, more than 40 countries and regions have REITs, including all G7 countries. Nearly 5 billion people worldwide live in countries that have enacted REITs. |
- What is the value of all residential property USA?
$9.2 trillion
More than one-fifth (21.3%) of the nation's housing value is in California. The state's housing stock gained $1.4 trillion in 2021 and is now worth a total of $9.2 trillion — that is more than the combined value of the bottom 30 states.
- Which country has most real estate?
- China is home to more of the world real estate market assets (by value) than any other country at $42.7tn or 21 per cent of global real estate value, just ahead of the US at $42.1tn.
- Where is the biggest real estate market in the world?
China
In global comparison, most Real Estate value will be generated in China (US$131.20tn in 2023).
- Can you buy real estate anywhere in the world?
In many countries, there are various levels of difficulty for foreigners trying to buy real estate there. Somewhere, it is not possible in principle for some foreigners; somewhere, a number of conditions must be met in order to buy; in some countries, there are certain areas where you cannot buy property; and so on.
- Where in the world has the best housing market?
- Dubai took the first spot as the world's strongest prime property market thanks to a whopping 58.9% annual increase in prices. Miami also saw an extravagant 33.1% increase over the year, putting the city's property market in second place. In fact, four of the top five cities are all located in North America.
- Which country is the safest for real estate?
Most Stable and Secure Countries for Real Estate Investment
Ranking Country 1. US 2. Germany 3. Canada 4. UK