Press release
Leading Real Estate Companies in the World 2024 | IMARC Group
Real estate refers to property consisting of land, buildings, and natural resources, along with the rights associated with owning or using them. It encompasses both residential and commercial properties, ranging from houses, apartments, and offices to industrial spaces and vacant land. Real estate is a tangible asset with intrinsic value, and its ownership grants certain legal rights to the possessor. The real estate market is a dynamic sector that involves the buying, selling, leasing, and development of properties. Residential real estate caters to housing needs, while commercial real estate serves business and industrial purposes. Investors engage in real estate transactions for various reasons, including capital appreciation, rental income, or strategic development. The value of real estate is influenced by factors such as location, demand and supply dynamics, economic conditions, and infrastructure development.Real estate transactions often involve complex legal processes and financial considerations, making it a multifaceted and regulated industry. Investors, developers, and individuals participate in the real estate market, contributing to its constant evolution. Real estate plays a crucial role in shaping urban landscapes, providing spaces for living, working, and recreation. It is a significant component of global economies, with its trends reflecting broader societal and economic changes.
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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.
Some of the Top Key players in the Global Real Estate Industry
• American Tower Corporation
• Aston Pearl Real Estate Broker
• Ayala Land Inc. (Ayala Corporation)
• CBRE Group Inc.
• Colliers International Group, Inc.
• Gecina SA (GSA)
• Jones Lang LaSalle Incorporated (JLL)
• Prologis Inc.
• Reliance Relocation Services, Inc. (LeadingRE)
• SEGRO plc
• Simon Property Group Inc.
• Wanda Group (Dalian Hexing Investment Co. Ltd.)
Explore Complete Blog by IMARC Group: https://www.imarcgroup.com/real-estate-companies
The global market is majorly driven by the increasing demand for residential properties. In line with this, real estate companies play a pivotal role in driving market growth through various strategies and innovations. One key factor is their ability to meet the increasing demand for housing and commercial spaces, thereby stimulating economic development. These companies act as catalysts for growth by creating jobs, fostering urban development, and contributing to infrastructure enhancement. Furthermore, real estate firms propel market growth by initiating large-scale construction projects. As they invest in the development of residential and commercial properties, they generate employment opportunities across various sectors, from construction workers to architects and engineers. This, in turn, boosts the overall economic activity in the region, creating a positive ripple effect on associated industries.
Apart from this, the real estate sector acts as a magnet for foreign and domestic investments. Investors recognize the potential for returns in real estate, leading to increased capital inflow. This influx of funds not only supports the expansion of existing projects but also facilitates the launch of new ventures, further driving market growth. The continuous cycle of investment and development creates a dynamic environment that stimulates economic prosperity. Moreover, real estate companies contribute to the revitalization of urban areas. Through strategic planning and redevelopment projects, they breathe new life into neglected or underutilized spaces. This urban renewal not only enhances the aesthetic appeal of a locality but also attracts businesses and residents, fostering a vibrant community. The resulting increase in property values contributes to the overall economic growth of the region. Additionally, rapid innovations within the real estate sector also play a crucial role in strengthening market growth. Companies leverage technological advancements to streamline processes, enhance efficiency, and provide better services to clients. The integration of technologies like virtual reality in property tours, online platforms for property transactions, and data analytics for market insights contributes to a more robust and accessible real estate market.
Explore Full Report of Real Estate Market with TOC & List of Figures: https://www.imarcgroup.com/real-estate-market
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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