Residential real estate market is expected to reach $12,182.1 billion by 2027 | Current Trends and Growth Opportunities

Residential Real Estate Market, valued at $8,567.4 billion in 2019, is anticipated to reach $12,182.1 billion by 2027, exhibiting a robust Compound Annual Growth Rate (CAGR) of 9.0% from 2020 to 2027. This market encompasses the buying and selling of residential properties such as flats, bungalows, and villas. The market's growth is primarily driven by urbanization in developing nations, where major cities like India, China, Brazil, Argentina, and South Africa are rapidly expanding, necessitating additional housing for migrants.

𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 (𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐎𝐟𝐟𝐞𝐫): https://www.alliedmarketresearch.com/checkout-final/b582b6796994eccc36c00f311d358428

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/A07566

Government policies aimed at affordable housing, such as concessions for first-time buyers and subsidies, further propel market growth. Similarly, the rise in tourism in countries like Egypt, France, and Dubai contributes to the market's expansion.

However, saturation in the residential real estate market of major cities in developed nations, such as Chicago, Washington, Berlin, Paris, and London, hampers growth. Additionally, the COVID-19 pandemic adversely affected industries like construction and tourism, leading to a decline in real estate transactions. Despite these challenges, efforts by builders, contractors, and governments to reduce taxes and introduce new cities like Dream City in Gujarat and New Kanpur in India present growth opportunities.

The market is segmented by budget and size. In terms of budget, the $700,001 to $1,000,000 segment is projected to witness the highest CAGR, while in terms of size, the less than 50 square meters segment is expected to grow significantly. Key players in the market include Arabtec Holding, Christie's International Real Estate, and DLF Limited, among others, who employ strategies like acquisitions and partnerships to enhance their services.

In summary, the residential real estate market is poised for substantial growth driven by urbanization, government policies, and strategic initiatives by market players, with Asia-Pacific expected to lead the market's expansion.

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