Real Estate Market Size, Share, Growth, Analysis, Outlook and Forecast 2024-2032

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 report. 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 tangible property consisting of land, buildings, and natural resources, often purchased or invested in for residential, commercial, or industrial purposes.

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Factors Affecting the Growth of the Real Estate Industry:

• Low Interest Rates: Low interest rates are a significant driver of the real estate market. When interest rates are low, borrowing costs for homebuyers and real estate investors decrease. This makes financing more affordable, stimulates demand for property purchases, and often leads to increased home prices. Low-interest rates encourage individuals to invest in real estate as it becomes a more attractive option compared to other investments, fostering growth in the housing market.
• Population Growth and Urbanization: The ongoing growth in population and urbanization is a key factor driving the real estate market. As more people migrate to urban areas in search of employment and better living conditions, there is an increased demand for housing, both residential and commercial. This demand, especially in rapidly growing cities, results in higher property values and increased real estate development activities to accommodate the expanding population.
• Economic Stability and Job Growth: Economic stability and job growth play a crucial role in driving the real estate market. A robust economy and increasing job opportunities contribute to higher consumer confidence and purchasing power. As employment rates rise, individuals are more likely to invest in homes or commercial properties. This not only drives demand for real estate but also contributes to the overall health and vitality of the property market, creating a positive cycle of economic growth and real estate development.

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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.)

Real Estate Market Report Segmentation:

By Property:

• Residential
• Commercial
• Industrial
• Land

Residential dominates the market due to the increasing demand for homes.

By Business:

• Sales
• Rental

Sales hold the largest share of the market due to the rising demand for medical office buildings and specialized healthcare facilities.

By Mode:

• Online
• Offline

Based on the mode, the market has been divided into online and offline.

Regional Insights:

• 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)

Asia Pacifics’ dominance in the market is due to rapid urbanization in emerging economies across India, China, and Southeast Asian countries.

Global Real Estate Market Trends:

The real estate market is undergoing transformative trends influenced by societal shifts, technological advancements, and evolving consumer preferences. One prominent trend is the increasing focus on sustainable and green building practices, driven by environmental consciousness. Energy-efficient structures, eco-friendly materials, and environmentally responsible designs are gaining traction, reflecting a broader commitment to sustainable living. Additionally, there is a rising demand for smart homes and integrated technologies. Homebuyers seek properties equipped with automation systems, smart security features, and energy-efficient appliances, enhancing convenience and energy conservation.

Moreover, the COVID-19 pandemic has accelerated the adoption of remote work, prompting a trend towards suburban living and the development of flexible workspaces within residential properties. This shift in lifestyle preferences has impacted the types of properties in demand, with a growing interest in spacious homes and properties offering a balance between urban amenities and suburban tranquility. These trends collectively shape the real estate market, responding to the changing needs and values of modern consumers.

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

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