According to IMARC Group latest report titled “Real Estate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on real estate market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global real estate market size reached US$ 7,239 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8,654 Billion by 2032, exhibiting a growth rate (CAGR) of 1.9% during 2024-2032.

Real estate refers to property consisting of land, buildings, and natural resources, including the air above and the ground below. It encompasses both residential and commercial properties, ranging from houses, apartments, and offices to retail spaces, industrial facilities, and vacant land. Real estate is a tangible asset with inherent value, and its ownership involves legal rights to use, possess, and transfer the property. The real estate market operates as a dynamic sector where buying, selling, and leasing properties occur. Residential real estate caters to housing needs, while commercial real estate serves business and investment purposes. The valuation of real estate depends on factors such as location, size, condition, and market demand. Investors often view real estate as a long-term asset that can be appreciated over time. Real estate transactions involve intricate legal processes, including contracts, inspections, and title transfers. Real estate professionals, such as realtors, appraisers, and brokers, play vital roles in facilitating these transactions. Overall, real estate is a multifaceted sector crucial to economic development, urban planning, and personal investment strategies.

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Market Trends:

The global market is majorly driven by the increasing population density. In line with this, the rapidly growing urbanization is significantly contributing to the market growth. As populations expand, particularly in urban areas, the demand for residential and commercial spaces intensifies. This heightened demand fuels property development, construction, and investment in real estate. Urbanization trends also lead to accelerated demand for infrastructure, creating opportunities in the real estate sector for developments such as housing complexes, office spaces, and retail centers. Besides, government policies and regulations also play a significant role in shaping the real estate market. Tax incentives, subsidies, and zoning regulations can impact property development, affordability, and investment patterns. Policies aimed at encouraging sustainable and energy-efficient construction may drive growth in the market for eco-friendly properties.

Additionally, low interest rates often stimulate real estate market growth. When interest rates are low, borrowing costs decrease, making it more affordable for individuals and businesses to secure mortgages for home purchases or investments in commercial properties. Lower interest rates incentivize property transactions and can contribute to increased demand in the real estate market. Governments and central banks may intentionally implement such monetary policies during economic downturns to spur real estate activity and overall economic recovery.

Furthermore, changing consumer preferences and lifestyle trends influence the real estate market. For instance, the growing emphasis on remote work and flexible arrangements has led to increased interest in suburban or rural living, impacting the demand for residential properties outside urban centers. Similarly, shifts in retail trends towards e-commerce have influenced the demand for industrial and logistics real estate to support warehousing and distribution centers, strengthening the market growth.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • American Tower Corporation
  • Aston Pearl Real Estate Broker
  • Ayala Land Inc. (Ayala Corporation)
  • Cbre Group Inc.
  • Colliers International
  • Gecina
  • Jones Lang Lasalle Incorporated
  • Prologis Inc.
  • Reliance Relocation Services
  • SEGRO plc
  • Simon Property Group Inc.
  • Wanda Group (Dalian Hexing Investment Co. Ltd.)

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Real Estate Market Segmentation:

Our report has categorized the market based on region, property, business and mode.

Breakup by Property:

  • Residential
  • Commercial
  • Industrial
  • Land

Breakup by Business:

  • Sales
  • Rental

Breakup by Mode:

  • Online
  • Offline

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance
  • Market Outlook (2024-2032)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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