Attributes and Key Statistics of the Real Estate Market Report by IMARC Group:
Base Year: 2023
Forecast Years: 2024-2032
Historical Years: 2018-2023
Units: USD Billion
Market Size in 2023: USD 7,239 Billion
Market Forecast in 2032: USD 8,654 Billion
Market Compound Annual Growth Rate 2024-2032: 1.9%
As indicated in the latest market research report published by IMARC Group, titled “Real Estate Market Report by Property (Residential, Commercial, Industrial, Land), Business (Sales, Rental), Mode (Online, Offline), and Region 2024-2032,” this report provides an in-depth analysis of the industry, featuring insights into the global real estate market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Global Real Estate Market Size & Future Growth Potential:
The global real estate market size was valued USD 7,239 Billion in 2023. By 2032, this figure is projected to reach around USD 8,654 Billion, with a compound annual growth rate (CAGR) of 1.9% over the forecast period (2024-2032).
Core Factors Driving Market Trends:
The global market is primarily driven by rapid urbanization, which has led to a growing demand for residential and commercial spaces across major regions. Rising disposable incomes and improved standards of living are enabling more individuals to invest in property, further propelling the market. Moreover, government policies favoring affordable housing schemes and infrastructure development are catalyzing market growth. The increasing presence of institutional investors, especially in emerging markets, is also contributing significantly.
Furthermore, technological advancements, such as smart homes and real estate digital platforms, are transforming the industry landscape. Additionally, the shift towards sustainable building practices is driving demand for eco-friendly properties. The expansion of e-commerce is also increasing demand for logistics and warehousing spaces. Besides, low interest rates in many regions are encouraging more real estate transactions, creating a favorable investment climate.
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Global Market Scope and Growth Analysis:
The scope of the market is broadening due to the increasing integration of technology in property transactions, which is facilitating more streamlined buying and selling processes. Moreover, the expansion of smart cities and urban regeneration projects is enhancing the appeal of both residential and commercial properties. Additionally, the growing trend towards mixed-use developments is offering diversified opportunities within single locations, attracting investors and developers alike. The rising emphasis on sustainable and energy-efficient buildings, which are gaining favor among environmentally conscious consumers and regulatory bodies.
Furthermore, the global real estate sector is also benefitting from favorable demographic shifts, including growing populations and migration patterns to urban centers. The cross-border investments and real estate innovations are positioning the market for continued growth across different segments and regions.
An In-Depth Analysis of Prominent Real Estate Companies in the Industry by IMARC Group:
Comprehensive Market Report Highlights & Segmentation Analysis:
Segmentation by Property:
According to the report, residential has been identified as holding the largest market segment.
Segmentation by Business:
According to the report, sales has been identified as holding the largest market share.
Segmentation by Mode:
Segmentation by Region:
According to the report, the Asia Pacific region is recognized as having the largest market share.
Key highlights of the Report:
Major Advantages of the Report:
Why Choose IMARC Group:
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