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Residential Real Estate Market Analysis, Leading Trends And Global Forecast 2023 To 2032 | Real Estate Maximums, Sotheby's International Realty, CBRE Group Inc., Keller Williams Realty Inc., Colliers International
Residential Real Estate Market Growth
The Business Research Company's Residential Real Estate Global Market Report 2023 identifies rising demand for residential properties as the major driver for the Residential Real Estate market's growth in the forecast period. The rising demand for residential properties leads to the demand for housing, encourages the construction of high-rise and mixed-use buildings, and opens up opportunities for urban renewal and redevelopment, contributing to the expansion of residential real estate. For instance, in March 2023, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, the number of privately owned housing units approved by building permits in February was 1,524,000 on a seasonally adjusted yearly basis.
The global residential real estate market size is expected to grow from $9,122.1 billion in 2022 to $9,608.7 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global residential real estate market size is expected to reach $11,561.07 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the Residential Real Estate market are Real Estate Maximums, Sotheby's International Realty, CBRE Group Inc., Keller Williams Realty Inc., Colliers International, Christie's International Real Estate, D. R. Hortons Inc., DLF Ltd., IJM Corporation Berhad, Lennar Corporation, Pultegroup Inc., Savills plc, American Tower Corporation, Cushman Wakefield Inc., Anywhere Real Estate Inc., Prologis Inc., Simon Property Group Inc., Coldwell Banker Real Estate LLC, and The Cadillac Fairview Corporation Limited.
A key trend in the Residential Real Estate market includes the adoption of AI technology. Companies operating in the residential real estate market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Restb.ai, a Spain-based computer vision provider for real estate, launched MLS Suite for Multiple Listing Services for AI in real estate. The AI-powered tools were created to automate the listing entry process, provide safety for users of IDX and VOW websites, and enrich and boost the value of MLS data.
Read More On The Global Residential Real Estate Market Report Here:
https://www.thebusinessresearchcompany.com/report/residential-real-estate-global-market-report
The Residential Real Estate market is segmented -
By Type: Apartments, Condominiums, Landed Houses, Villas
By Pricing: Affordable, Mid-Range, Luxury
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
By Business: Sales, Rental
By Mode: Online, Offline
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Residential Real Estate market.
The Business Research Company's "Global Residential Real Estate Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Residential Real Estate Market Include:
1. Executive Summary
2. Residential Real Estate Market Characteristics
3. Residential Real Estate Market Trends And Strategies
4. Residential Real Estate Market - Macro Economic Scenario
5. Residential Real Estate Market Size And Growth
……
26. Africa Residential Real Estate Market
27. Residential Real Estate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Residential Real Estate Market
29. Residential Real Estate Market Future Outlook and Potential Analysis
30. Appendix
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