Real Estate Market Size, Share, Growth Analysis, Value, and Report 2024-2031

Global Real Estate Market reached USD 28,901.4 billion in 2023 and is expected to reach USD 48,912.1 billion by 2031, growing with a CAGR of 4.1% during the forecast period 2024-2031.

The real estate market refers to the buying, selling, renting, and development of properties, including land, residential, commercial, and industrial spaces. It is shaped by various factors like economic conditions, government policies, interest rates, and population growth. People invest in real estate for personal use, long-term wealth building, or business purposes. The market varies by location, and trends often shift based on local demands, property availability, and pricing. Essentially, the real estate market connects buyers and sellers, influencing where and how people live, work, and invest.

Get a Free Sample Research PDF - https://www.datamintelligence.com/download-sample/real-estate-market

Key Developments:

• In May 2023, Simon began construction on a new Residence Inn® by Marriott® at Northgate Station, a leading destination for shopping, dining, entertainment, and mixed-use development. This will be the first hotel at Northgate Station, marking a key addition to the area and serving as a valuable community asset.

• In December 2021, Coldwell Banker launched the "Franchise and Capitalize" program to support the growth of Egypt's real estate market. This initiative helps real estate investors and entrepreneurs create profitable projects, expand existing ones, and maximize their Return on Investment (ROI) while aligning with new market standards in Egypt.

• In November 2021, JLL, a global firm specializing in real estate and investment management, completed its acquisition of Building Engines, a leading building operations platform, for approximately USD 300 million. This acquisition underscores JLL's commitment to leveraging technology to solve some of the biggest challenges in real estate.

Market Dynamics:

The Rising Government Investments

Various government initiatives across nations are expected to boost the growth of the global real estate sector. In India, several programs in collaboration with state governments are driving development in this space. One such initiative is the Smart City Project, aimed at building 100 smart cities, offering significant opportunities for real estate growth. Additionally, the Reserve Bank of India (RBI) kept the benchmark interest rate at 4% as of October 2021, providing a major boost to the real estate market. With low mortgage interest rates, housing demand is expected to rise, with sales projected to increase by 35-40% during the 2021 holiday season. These government measures are likely to positively impact real estate market growth.

Segment Covered in Real Estate Market:

By Property: Residential, Commercial, Industrial.

By Type: Land, Buildings.

By Business: Sales, Rental, Lease.

By Mode: Online, Offline.

Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/real-estate-market

Key players involved in Real Estate Market:

• American Tower Corporation
• Aston Pearl Real Estate Broker
• Ayala Land Inc. (Ayala Corporation)
• Cbre Group Inc.
• Colliers International
• Gecina Inc.
• Jones Lang Lasalle Incorporated
• Prologis Inc.
• Reliance Relocation Services
• Simon Property Group Inc

*Note:

• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Related Reports:

Curling Irons Market: https://www.datamintelligence.com/research-report/curling-irons-market

Resistance Bands Market: https://www.datamintelligence.com/research-report/resistance-bands-market

Explosion Vents Market: https://www.datamintelligence.com/research-report/explosion-vents-market

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.