Global Real Estate Market Report and Forecast 2024-2032

Global Real Estate Market Outlook

The global real estate market size is expected to grow at a CAGR of 5.0% between 2024 and 2032, owing to the expanding population, the growing demand for high-quality housing and infrastructure.

Key Trends in the Market

Real estate describes properties that include land, resources, structures, roads, and other utility systems. It involves buying undeveloped land, building on it, rezoning it, renovating buildings, and selling or renting the completed projects to customers.

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• The key real estate market trends driving the market growth include the changing consumer expectations for clean, safe, and secure environments and significant infrastructure development, including improved connectivity via roads, aircraft, and railroads.

• The market is anticipated to expand at a healthy rate over the forecast period as a result of the expanding population, growing demand for high-quality housing and infrastructure, and increasing desire for individual living space.

• Rising consumer spending power and the implementation of infrastructure initiatives by several governments, are predicted to fuel the real estate market. Multiple countries, particularly developing nations and those with large populations are investing in real estate and infrastructure development for domestic growth and tourism.

Global Real Estate Market Analysis

Based on property, the market is divided into residential, commercial, industrial, and land. The real estate market segmentation, based on type, is sales and rental. On the basis of mode, the market is bifurcated into online and offline. The regional markets for real estate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global real estate market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

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• Brookfield Asset Management Inc.

• Prologis, Inc.

• WANDA Group

• SIMON PROPERTY GROUP, L.P.

• Coldwell Banker Real Estate LLC

• Savills plc

• RE/MAX, LLC

• CBRE Group

• Sotheby’s International Realty Affiliates LLC

• Colliers International Property Consultants, Inc.

• GECINA Group

• Others

Global Real Estate Market Share by Property

Based on property, residential is expected to have a sizeable share in the market for real estate, fuelled by the increasing population worldwide and growing preference for living independently. Many buyers also purchase property as an investment as it can provide steady passive income through renting. Ready-to-move-in apartments are in high demand, particularly in urban regions, further propelling the segment growth. Meanwhile, commercial property is projected to register significant growth over the forecast period owing to the growth of the tourism sector globally.

Global Real Estate Market Share by Type

Rental type of real estate accounts for a significant share of the market due to the rising cost of homes in developed countries. With an uncertain job climate, many young adults choose to rent for affordability and due to the flexibility in movement that renting provides. However, as the importance and value of investing in real estate increases, sales type of real estate is estimated to grow significantly over the forecast period. Buyers with larger budgets are increasing the demand for luxury residences, villas, and second houses, aiding the real estate market growth.

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Competitive Landscape

Brookfield Asset Management Inc., founded in 1899 and headquartered in New York in the United States, is one of the leading alternative asset managers globally. The company has billions of assets under management in the private equity, real estate, infrastructure, and credit sectors.

Prologis, Inc., headquartered in California in the United States and founded in 1983 is a world leader in logistics real estate. They create cutting-edge, top-notch homes that raise the bar for sustainable construction practises and pioneering building designs in collaboration with clients and communities.

Savills plc was established in 1855 and is one of the top real estate advisors in the world. The company has its headquarters in London, United Kingdom, and its experience spans rural and hotel properties as well as residential, industrial, office, retail, healthcare, and mixed-use development projects.

Other market players include WANDA Group, SIMON PROPERTY GROUP, L.P., Coldwell Banker Real Estate LLC, RE/MAX, LLC, CBRE Group, Sotheby’s International Realty Affiliates LLC, Colliers International Property Consultants, Inc., and GECINA Group, among others.

Key Highlights of the Report