Global Real Estate Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
1 Jul, 2021
The real estate market consists of sales of real estate services by entities (organizations, sole traders and partnerships) that rent, lease and allow the use of buildings and/or land. The industry also includes managing real estate for others, selling, renting and buying real estate for others and appraising real estate.
Global Real Estate Market Size And Drivers:
The global real estate market is expected to grow from $2687.5 billion in 2020 to $2774.5 billion in 2021 at a compound annual growth rate (CAGR) of 3%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3717.3 billion in 2025 at a CAGR of 8%. The real estate market's growth will be aided by stable economic growth forecasted in many developed and developing countries.
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Trends In The Global Real Estate Market
Block chain for real estate industry, crowd funding investments in real estate, and technology to improve agent services are the major trends witnessed in the real estate market.
Global Real Estate Market Segments:
The global real estate market is further segmented based on type, mode and geography.
By Type: Real Estate Rental, Real Estate Agency And Brokerage
By Mode: Online, Offline
Sub segments Covered: Residential Buildings And Dwellings Rental Services, Non-Residential Buildings Rental Services, Mini warehouses And Self-Storage Units Rental Services, Other Rental Services, Residential Buildings And Dwellings Brokers, Non-Residential Buildings Brokers, Mini warehouses And Self-Storage Units Brokers, Other Brokers
By Geography: The global real estate market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global real estate market, accounting for 40% of the market in 2020.
Read More On The Report For The Global Real Estate Market At:https://www.thebusinessresearchcompany.com/report/real-estate-global-market-report-2020-30-covid-19-impact-and-recovery
Real Estate Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides real estate market overviews, analyzes and forecasts market size and growth for the global real estate market, real estate market share, real estate market players, real estate market segments and geographies, real estate market’s leading competitors’ revenues, profiles and market shares. The real estate market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.