Residential Real Estate Market Worth $12,182.1 Billion by 2027 | Business Growth, Revenue and Covid-19 Impact Analysis

The market includes buying and selling of residential properties such as flats, bungalows, and villas. The residential real estate market is mainly driven by urbanization in developing countries. The major cities in developing countries such as India, China, Brazil, Argentina and South Africa among other are rapidly expanding and need more dwelling to accumulate people migrating from different parts of a country.

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The residential real estate market size was valued at $8,567.4 billion in 2019, and is expected to reach $12,182.1 billion by 2027, registering a CAGR of 9.0% from 2020 to 2027.

Residential Real Estate Market by Budget (Less Than $300,000, $300,001 to $700,000, $700,001 to $1,000,000, $1,000,001 to $2,000,000, and More Than $2,000,000) and Size (Less Than 50 Square Meters, 51 to 80 Square Meters, 81 to 110 Square Meters, 111 to 200 Square Meters, and More Than 200 Square Meters)

In addition, policies implemented for affordable houses by governments also drive the market growth. For instance, governments of several countries such as Australia, the U.S., and Canada have planned strategies such as concession for first time buyers, subsidies for veterans, golden visa, low cost affordable housing schemes, and cut in transactional taxes, which is anticipated to boost growth of the residential real estate market during the forecast period. Moreover, rise in tourism in nations such as Egypt, France, and Dubai is also anticipated to propel growth of the market.

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Key Market Segments

By Budget

Less than $300,000
$300,001 to $700,000
$700,001 to $1,000,000
$1,000,001 to $2,000,000
More than $2,000,000

By Size

Less than 50 square meters
51 to 80 square meters
81 to 110 square meters
111 to 200 square meters
More than 200 square meters

Key Players

The major players profiled in the residential real estate industry include Arabtec Holding, Christie’s International Real Estate, Coldwell Banker Real Estate LLC, DLF Limited, Engel & Völkers AG, Hochtief Corporation, IJM Corporation Berhad, Lennar Corporation, Pultegroup, Inc., Raubex Group Limited, Savills plc, Sotheby's International Realty Affiliates LLC, Sun Hung Kai Properties Limited, and Vinci.

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