Real Estate Valuation Service Market: Major Trends Reshaping the Future of the Industry

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How Large Will the Real Estate Valuation Service Market Size By 2025?
In recent times, a significant expansion has been observed in the market size of real estate valuation services. The market, which was $9.23 billion in 2024, is projected to inflate to $9.94 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.7%. Factors such as escalating urbanization, growth in foreign direct investment, an increase in approved home loans, the surge of smart city projects, and the elevation in luxury housing undertakings have all contributed to this historical growth.

How Big Is the Real Estate Valuation Service Market Size Expected to Grow by 2029?
The market size of real estate appraisal services is forecasted to witness robust growth in the coming years, scaling up to $13.19 billion in 2029 with a 7.3% Compound Annual Growth Rate (CAGR). The upward trajectory in the projected period can be credited to increased real estate deals, demand for precise tax evaluations, surging construction activities, expanding investments in real estate, and climbing property worth. Key trends observed for the prediction period encompass the creation of advanced appraisal models, integration with investment scrutiny tools, the embracement of AI-powered appraisal platforms, incorporation of blockchain technology in appraisal systems, and evolution of blended appraisal services.

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Which Key Market Drivers Powering Real Estate Valuation Service Market Expansion and Growth?
The rise in real estate dealings is propelling the market's expansion due to increasing housing requirements and investment activities.

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Which Fast-Growing Trends Are Poised to Disrupt the Real Estate Valuation Service Market?
Leading firms in the property valuation service sector are prioritizing the development of innovative products like instant real estate valuation tools to offer instantaneous insights for stakeholders such as investors, sellers, and buyers. These tools use algorithms and live property transaction data to ascertain the property value immediately, providing rapid property insights and eliminating the need for a physical valuation. For example, in July 2024, a proptech firm based in India by the name of Magicbricks, initiated the PropWorth tool. This tool utilizes machine learning to calibrate property values with ease, by processing 15 years of property data along with over 30 million property listings to give accurate evaluations. PropWorth caters to a variety of properties such as independent houses, villas, and apartments. It covers approximately 50,000 projects spanning over 5,500 locations in 30 key cities. With an impressive accuracy rating of 98%, users can input specific details like the size of the property, type of property, location, extra room availability, view, direction, floor number, parking, and amenities to get dependable property value appraisals making it easier for them to make information-driven conclusions.

What Are the Emerging Segments in the Real Estate Valuation Service Market?
The real estate valuation service market covered in this report is segmented

1) By Type: Residential Property Valuation, Commercial Property Valuation, Industrial Property Valuation, Land Valuation, Special Purpose Property Valuation
2) By Technology Integration: Traditional Valuation Methods, Automated Valuation Models (AVMs), Hybrid Valuation Services, Blockchain-Based Valuation Systems, Artificial Intelligence And Machine Learning Applications In Valuation
3) By Application: Property Sales, Mortgage And Lending, Investment Analysis, Taxation, Other Applications
4) By End-User: Individual, Corporate, Government, Other End-Users

Subsegments:
1) By Residential Property Valuation: Single-Family Homes, Multi-Family Units, Apartments And Condominiums, Villas And bun*galows, Townhouses
2) By Commercial Property Valuation: Office Spaces, Retail Stores, Shopping Malls, Hotels, Restaurants, Co-Working Spaces
3) By Industrial Property Valuation: Warehouses, Manufacturing Units, Logistics Facilities, Cold Storage Units, Research and Development Centers, Industrial Parks
4) By Land Valuation: Agricultural Land, Residential Plots, Commercial Plots, Industrial Land, Undeveloped Or Vacant Land, Forest Land
5) By Special Purpose Property Valuation: Hospitals, Schools And Universities, Religious Institutions, Government Buildings, Airports And Railway Stations, Sports Complexes And Stadiums

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Who Are the Global Leaders in the Real Estate Valuation Service Market?
Major companies operating in the real estate valuation service market are Jones Lang LaSalle Incorporated, Opendoor Technologies Inc., Knight Frank LLP, Colliers International, Savills Plc, Newmark Group Inc., Zillow Group Inc., CBIZ Inc., Marcus & Millichap Inc., Realtor.com, RE/MAX LLC, Valbridge Property Advisors Inc., Anarock Property Consultants Private Limited, Royal Institution of Chartered Surveyors, Magicbricks Realty Services Limited, CRE Matrix Private Limited, Quikr Realty, Houzeo Corp., PropertyRate LLC, Cotality

Which are the Top Profitable Regional Markets for the Real Estate Valuation Service Industry?
North America was the largest region in the real estate valuation service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in real estate valuation service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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