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Global Residential Real Estate Market Size, Share, Analysis: By Type: Apartments and Condominiums, Landed Houses and Villas; By Mode of Booking: Sales, Rental/Lease; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Residential Real Estate Market Size
The global residential real estate market reached around USD 9.97 trillion in 2023. The market is projected to grow at a CAGR of 5.8% between 2024 and 2032, reaching almost USD 16.8 trillion by 2032.
| Global Residential Real Estate Market Report Summary | Description | Value |
| Base Year | USD Trillion | 2023 |
| Historical Period | USD Trillion | 2018-2023 |
| Forecast Period | USD Trillion | 2024-2032 |
| Market Size 2023 | USD Trillion | 9.97 |
| Market Size 2032 | USD Trillion | 16.80 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.8% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 6.5% |
| CAGR 2024-2032 - Market by Country | India | 6.8% |
| CAGR 2024-2032 - Market by Country | Brazil | 6.6% |
| CAGR 2024-2032 - Market by Type | Apartments and Condominiums | 6.7% |
| CAGR 2024-2032 - Market by Mode of Booking | Sales | 6.4% |
| Market Share by Country 2023 | Brazil | 3.1% |
Global Residential Real Estate Market Outlook
- Technological integration into real estate project development is one of the key market drivers.
- As the construction sector expands and global GDP rises, sales are expected to become the most popular mode of booking.
- Brazil is expected to attract $40 billion of FDI towards its real estate sector in 2024.
Global Residential Real Estate Market Growth
The Middle East and Africa is witnessing a surge in sales of housing apartments and villas, driven by the expansion of existing housing complexes in countries like the UAE, Bahrain, and Saudi Arabia. In 2023, the total number of residential real estate transactions in key Saudi Arabian cities like Riyadh, Dammam Metropolitan Area, and Jeddah reached 67,233.
In Riyadh, the average value of nearly 80% of all apartment sales was $66,000-$266,000, indicating increasing demand for adequate housing among the low- and middle-income consumers in the region. While apartment sales have increased significantly in South Riyadh, North Riyadh remains a prominent residential hub in Saudi Arabia. The average value of most of the apartment/villa sales in these key cities is nearly $248,000, with Jeddah witnessing an increasing demand for high-end residences.
The real estate market in Latin America is witnessing significant growth as its GDP growth rate is expected to reach 2.3% in 2024. Brazil is expected to emerge as a key regional market, where surging construction activities and rising demand for housing properties are expected to propel the market growth. Property sales are outpacing launches, which has led to a year-on-year reduction of 6.1% in inventory. The introduction of urban renewal projects like the Minha Casa Vida is expected to propel the development of affordable housing across the country in the forecast period.
Global Residential Real Estate Industry Segmentation
Global Residential Real Estate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Apartments and Condominiums
- Landed Houses and Villas
Market Breakup by Mode of Booking
- Sales
- Rental/Lease
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| CAGR 2024-2032 - Market by | Country |
| India | 6.8% |
| Brazil | 6.6% |
| Saudi Arabia | 6.3% |
| China | 6.2% |
| Canada | 6.0% |
| USA | XX% |
| UK | 5.7% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Mexico | XX% |
Global Residential Real Estate Market Share
Based on type, the market is divided into apartments and condominiums, and landed houses and villas, among others. Over the forecast period, apartments and condominiums are expected to account for a major market share as rapid industrialisation and urbanisation are driving the development of vertical housing projects with luxurious facilities for affluent consumers.
Leading Companies in the Global Residential Real Estate Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- DLF Ltd.
- Savills Plc
- DR Horton Inc.
- Lennar Corp.
- Christie International Real Estate
- Al Habtoor Group LLC
- Engel & Volkers GmbH
- Sun Hung Kai Properties Limited
- Coldwell Banker Real Estate LLC
- Keller Williams Realty, Inc.
- Others
Major market players are focusing on using sustainable raw materials for constructing energy-efficient and comfortable living spaces for people.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Mode of Booking |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Residential Real Estate Market Analysis
8.1 Key Industry Highlights
8.2 Global Residential Real Estate Historical Market (2018-2023)
8.3 Global Residential Real Estate Market Forecast (2024-2032)
8.4 Global Residential Real Estate Market by Type
8.4.1 Apartments and Condominiums
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Landed Houses and Villas
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Residential Real Estate Market by Mode of Booking
8.5.1 Sales
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Rental/Lease
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Residential Real Estate Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Residential Real Estate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Residential Real Estate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Residential Real Estate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Residential Real Estate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Residential Real Estate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 DLF Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Savills Plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 DR Horton Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Lennar Corp.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Christie International Real Estate
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Al Habtoor Group LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Engel & Volkers GmbH
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Sun Hung Kai Properties Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Coldwell Banker Real Estate LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Keller Williams Realty, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Residential Real Estate Market: Key Industry Highlights, 2018 and 2032
2. Global Residential Real Estate Historical Market: Breakup by Type (USD Trillion), 2018-2023
3. Global Residential Real Estate Market Forecast: Breakup by Type (USD Trillion), 2024-2032
4. Global Residential Real Estate Historical Market: Breakup by Mode of Booking (USD Trillion), 2018-2023
5. Global Residential Real Estate Market Forecast: Breakup by Mode of Booking (USD Trillion), 2024-2032
6. Global Residential Real Estate Historical Market: Breakup by Region (USD Trillion), 2018-2023
7. Global Residential Real Estate Market Forecast: Breakup by Region (USD Trillion), 2024-2032
8. North America Residential Real Estate Historical Market: Breakup by Country (USD Trillion), 2018-2023
9. North America Residential Real Estate Market Forecast: Breakup by Country (USD Trillion), 2024-2032
10. Europe Residential Real Estate Historical Market: Breakup by Country (USD Trillion), 2018-2023
11. Europe Residential Real Estate Market Forecast: Breakup by Country (USD Trillion), 2024-2032
12. Asia Pacific Residential Real Estate Historical Market: Breakup by Country (USD Trillion), 2018-2023
13. Asia Pacific Residential Real Estate Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14. Latin America Residential Real Estate Historical Market: Breakup by Country (USD Trillion), 2018-2023
15. Latin America Residential Real Estate Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16. Middle East and Africa Residential Real Estate Historical Market: Breakup by Country (USD Trillion), 2018-2023
17. Middle East and Africa Residential Real Estate Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18. Global Residential Real Estate Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 9.97 trillion in 2023.
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 16.8 trillion in 2032.
The different types of residential real estate include apartments and condominiums, and landed houses and villas, among others.
The major modes of booking residential real estate include sales and rental/lease.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
The key market players are DLF Ltd., Savills Plc, DR Horton Inc., Lennar Corp., Christie International Real Estate, Al Habtoor Group LLC, Engel & Volkers GmbH, Sun Hung Kai Properties Limited, Coldwell Banker Real Estate LLC, and Keller Williams Realty, Inc., among others.
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