According to IMARC Group latest report titled “Real Estate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on global real estate industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global real estate market reached a value of US$ 6,883.80 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7,806.70 Billion by 2027, exhibiting a CAGR of 1.90% during 2022-2027.
Real estate refers to a property which consists of land or any physical structures, such as buildings. It also includes any permanent improvements attached to the land, whether natural or artificial—including water, trees, minerals, buildings, homes, fences, and bridges. One can invest in real estate by purchasing a home, rental property, or through a real estate investment trust (REIT).
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The rapid outbreak of coronavirus disease (COVID-19), followed by strict lockdown and movement restrictions, negatively impacted the growth of the real estate market, including delays in construction projects. However, with continual improvements in the vaccination drive across multiple countries, real estate activities began to emerge, and potential buyers started to increase their housing search and purchase activities. The penetration of high-speed internet connectivity and easy access to web platforms have encouraged key players to invest in the launching of integrated real estate, which is providing an impetus to the market growth.
Market Trends:
The global market is majorly driven by the rapidly growing population. In line with this, the rising demand for personal household space is significantly contributing to the market growth. Furthermore, the development of various Smart City projects is positively influencing the market across the globe. Apart from this, the increasing demand for luxury homes, villas, and second homes is catalyzing the market further. Moreover, the numerous efforts by the governments of various countries for infrastructure development are creating a positive outlook for the market. Besides this, rapid urbanization and increasing public and private partnership among key market players are propelling the market worldwide. Additionally, significant growth in the construction industry is providing a boost to the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Real Estate Market Segmentation:
Our report has categorized the market based on region, property, business and mode.
Breakup by Property:
Breakup by Business:
Breakup by Mode:
Breakup by Region:
Key highlights of the report:
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