Real Estate Market Size, Share, Growth, Trend Analysis and Forecast, 2018 to 2025
by Susan Hill Business ConsultantThe
global real estate market is expected to generate a
revenue of USD 4,263.7 billion by 2025, according to a new report by Grand View
Research, Inc. Factors such as the increasing demand for housing real estate
space, rapid urbanization through migration in search for better amenities.
Rapid economic development in the developing regions and countries like India,
China, and many African countries has enhanced income levels and helped in the
real estate market.
Real estate
market involves buying, selling and renting, leasing of property and
condominiums for commercial and personal household usage. Commercial real
estate business had grown exponentially in the last decade owing to increased
number of key players entering the regional market as well. Government reforms,
lower rentals, mortgage rates in the developing countries is likely to boost
the market over the forecast period
According to
United Nations, approximately 50% of the population lives in urban areas and
this figure is set to reach up to 65% in the forecast period owing to the
migration into cities which turn into megacities with bustling urban amenities
and lifestyle.
Further key
findings from the report suggest:
- The market is
driven by rapid urbanization through migration to find better amenities
thus increasing the demand for urban home spaces
- Real estate
spaces for commercial, retail, industrial and healthcare infrastructure
are in high demand with increasing urbanization
- Political
uncertainty is hampering the market growth to an extent due to hesitation
from the investors due to unsure returns and initiation of the projects
- Asia Pacific
and Middle east are the hotspots for real estate development and
investment supported by large population and favorable regulations by the
governments
- North America,
Asia Pacific and Middle East Asia are set to witness considerable growth
in demand for personal real estate spaces over the forecast period driven
by the increasing population and favorable reforms from the government
bodies
- Some of the
leading real estate companies are Central General Development CO., Ltd.,
Equity Residential, Grainger Plc, Dalian Wanda Group, LeadingRE, Aston
Pearl Real Estate and others
Access full
research report on global real estate market:
www.grandviewresearch.com/industry-analysis/real-estate-market
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Created on Oct 9th 2019 09:50. Viewed 540 times.