The real estate industry includes establishments involved in renting, leasing and allowing the use of buildings and land. It also includes managing real estate for others, selling, renting and buying real estate for others and appraising real estate.
The global real estate market was valued at over $3 trillion in 2017. Asia Pacific was the largest region in the real estate market in 2017, accounting for around 49% of the total market. China was the largest country in the market in 2017, accounting for around 29% of the total market.
Block chain is emerging as a technology to eliminate hidden costs and inefficiencies in the housing market. Block chain is a record-keeping technology functioning as the encrypted register of digital data. It can encode a property with a unique identifier, and is thus capable of recording the movement of asset from one owner to the next.
The top five companies covered are CBRE Group, Jones Lang LaSalle Inc., New World Development Company Limited, Colliers International, and Newmark Grubb Knight Frank. CBRE Group was the largest company in the real estate market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The real estate market is segmented into Rental Activities and Brokerage Services. Rental activities was the largest segment in 2017.
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