Global Real Estate Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Type (Residential, Commercial, Industrial, Land and Other Types), Price Point, End-Use, Region, By Country: 2020-2030

Global Real Estate Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Type (Residential, Commercial, Industrial, Land and Other Types), Price Point, End-Use, Region, By Country: 2020-2030

Background

A report published by Azoth Analytics highlights different factors and opportunities prevailing in the “Global Real Estate Market (2024 Edition)”. According to the report, Global Real Estate Market valued at USD 3.89 Trillion in 2023 is expected to grow at a CAGR of 9.33% during 2025-2030.

The report explores a multi-faceted opportunity landscape in terms of market segmentation by Type (Residential, Commercial, Industrial, Land and Other Types), by Price Point (Ultra Luxury, Luxury, Middle Market and Affordable) and by End-Use (Investment and Owner Use (Residential/Rental)

Market Overview

The Real Estate Market has been undergoing significant transformation and achieving a growth traction over the past few years. This growth is driven by several key factors, including increased urbanization rates in emerging economies, advancements in construction technology, and shifting consumer preferences towards sustainable and smart building solutions.

One of the primary drivers of the global real estate market is the rapid urbanization seen in many developing countries. As populations move from rural to urban areas in search of better employment and living conditions, the demand for both residential and commercial real estate has surged. This urban migration is particularly pronounced in Asia-Pacific regions, where countries like China and India are witnessing a substantial increase in their urban populations. The need for new urban infrastructure has prompted governments to invest heavily in residential and commercial construction projects.

Furthermore, the real estate market dynamics are increasingly influenced by technological advancements. The adoption of technologies such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics in the construction and management of real estate has enhanced efficiency, safety, and profitability. These technologies enable better asset management and predictive maintenance, leading to longer building lifespans and reduced operational costs. Additionally, the rise of smart homes and buildings, equipped with automated systems for lighting, heating, and security, are becoming increasingly popular among tech-savvy consumers, thereby pushing the real estate developers to integrate these technologies into new projects.

Another significant trend impacting the global real estate sector is the growing awareness of environmental sustainability. Green building practices are becoming standard across many parts of the world, driven by stricter environmental regulations and a rising consumer preference for eco-friendly living spaces. This shift is supported by various government incentives, such as tax benefits and subsidies, which encourage the adoption of sustainable practices in the construction industry. As a result, there has been a marked increase in the number of buildings achieving certifications such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method).

Segment Insights

By Type, Residential account for approximately 35% market share in 2023. The residential real estate sector is experiencing a dynamic shift, with changing homeowner preferences post-pandemic. There is an increasing demand for properties with more space and amenities, as people spend more time at home due to remote working trends. This has led to a spike in property prices in suburban areas and a re-evaluation of urban living, with some cities experiencing a decline in demand for downtown real estate.

By Price Point, Middle Market accounts for the highest share. The demand in the Middle Market segment is steady, driven by families and individuals seeking affordable, yet comfortable living spaces. Factors influencing this market include economic conditions, interest rates, and local employment trends. While not as volatile as luxury markets, the middle market can still experience fluctuations based on regional economic changes and shifts in housing supply and demand.

Geographical Insights

Asia Pacific represents the largest market, by region in the Global Real Estate Market accounting for more than 50% share in 2023. The Asia-Pacific (APAC) real estate market is a vibrant and diverse sector characterized by rapid growth and significant investment opportunities. This region, encompassing dynamic economies such as China, India, Japan, and Australia, among others, has been a hotspot for real estate development driven by robust economic growth, urbanization, and a burgeoning middle class. As of recent estimates, the APAC region accounts for a significant share of the global real estate market, with projections indicating continued expansion fueled by both domestic and international investments. Urbanization is a pivotal force shaping the real estate landscape in APAC. Countries like China and India are witnessing unprecedented urban growth, which has led to extensive development in both residential and commercial real estate. For instance, China’s urban population has increased dramatically over the past few decades, necessitating massive urban housing and infrastructure projects. Similarly, India's government has launched several initiatives aimed at boosting the housing sector, such as the Housing for All by 2022 initiative, which seeks to create millions of affordable homes for its growing urban populace.

Market Segmentation

By Type:

• Residential
• Commercial
• Industrial
• Land
• Other Types

By Price Point:

• Ultra Luxury
• Luxury
• Middle Market
• Affordable

By End-Use:

• Investment
• Owner Use (Residential/Rental)

By Geography

• Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
• Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia Pacific)
• Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)

Key Companies

The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global Real Estate Market include:

• Brookfield Asset Management Inc
• Coldwell Banker
• CBRE Group, Inc.
• Sotheby’s International Realty Affiliates LLC.
• Colliers
• ATC IP LLC
• RE/MAX, LLC.
• Keller Williams Realty, Inc.
• Prologis, Inc.
• Simon Property Group, L.P.
• Other leading Companies

Reasons to buy this report:

• In-Depth Comparative Assessment of Top 20 Markets in the Real Estate Industry: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
• Comprehensive Historical, Present, and Future Analytics of the Real Estate Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Real Estate Market.
• Detailed Analysis of Real Estate Market By Type, Price Point, and End-Use Across 20 Countries
• Beyond the Purchase: 90 Days of Support
• Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
• Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
• Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
• Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
• Strategic Industry Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies

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