Real estate is property made up of land and the buildings on it, as well as the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water, and any additional mineral deposits. Real estate is a tangible asset and a type of real property. There are three types of real estate: 1) Residential, which includes undeveloped land, houses, condominiums, and townhouses; 2) Commercial, which includes nonresidential structures such as office buildings, warehouses, and retail buildings; 3) Industrial, which includes factories, business parks, mines, and farms. These properties are usually larger in size and locations may include access to transportation hubs such as rail lines and harbors. Over half of Real Estate market share is owned by Asia. You can find Real Estate Market Size, Real Estate Market Share, and other trends and statistics below and you can learn more about T4's strategy consulting services here.
The chart shows the Real Estate Market Size from 2016 to 2025. In 2019, the size of the Real Estate Industry was $3.7T and is projected to grow 2% in 2020. From 2016 to 2025 the Real Estate Industry growth is projected to average 2% per year. These estimates were made before the Coronavirus (COVID-19) pandemic. The short term impact of COVID-19 on the Real Estate market growth will likely be High because the contraction of the global economy will have a direct impact on the real estate market in the short term. The COVID-19 pandemic leads at short notice to shifts of purchase conclusions, and a temporary fall in the property prices. The long term impact of COVID-19 on the Real Estate market growth beyond the COVID-19 pandemic will likely be High because the impact on the global economy and the fall in the global GDP will lead to a fall in real estate prices, and consequently an impact on the real estate market. However, housing demand will remain and will continue to exist after the outbreak. The strong demand for residential space in recent years is due to population growth and the continuing influx into metropolitan regions and medium-sized cities. The demand for commercial real estate also may suffer a downturn as a result of the successful experience of people working from home, which may lead to the fall in the commercial office locations investment. Request help with obtaining the source for this data and learn more about T4's strategy consulting services here.
The chart shows Real Estate Market Share in 2016. The Real Estate Market is Concentrated among a few regions. The leading Region in the Real Estate Industry was Asia with 58% market share in 2016, followed by North America with 18% Real Estate market share, Europe with 13% Real Estate market share, MEA with 7%, and Latin America with 4%. Get help with market research for the Real Estate market, including the source for this Real Estate Market Share chart and learn more about T4's strategy consulting services here.
Real Estate market growth is driven by the increasing number of population, economic growth, low interest rates, and the increase in the affordability of personal household space. The rise in demand for commercial buildings is expected to continue to drive the real estate market growth in the developed regions. GDP growth is the main driver of real estate prices and rents, real estate investments provide a direct way to participate in the strong growth of these economies. Furthermore, an increase in government investment in infrastructure development to help real estate is anticipated to provide lucrative opportunities for the growth of the market in the future.
Learn about T4's Consulting servicesReal Estate is a Mature market dominated by a few regions. Asia market share was 58% of the Real Estate market in 2016. Asia Pacific has been the biggest market in the global real estate space by both revenue generation and number of housing units sold. This is due to the large population in the Asian countries, coupled with rapid economic growth. High potential for investor returns, high demand for both personal and commercial real estate spaces are the key factors attributing the largest share of the market. North America market share was 18% of the Real Estate market in 2016. North America is set to grow at a good pace owing to increasing investors, high demand for real estate spaces, low mortgage rates, and rental pricing. Europe market share was 13% of the Real Estate market in 2016. Europe shows a mature and stable growth over the years. MEA market share was 7% of the Real Estate market in 2016. Middle East Africa, as well as North America, is also set to grow at a good pace owing to increasing investors, high demand for real estate spaces, low mortgage rates, and rental pricing.
T4's research team can help you learn more about the Real Estate industry with market analysis, competitive analysis, commercial Due Diligence, and other market research needs. This includes deeper analysis on competitors in the Real Estate market, including: Central General Development, Equity Residential, Grainger Plc, Dalian Wanda Group, LeadingRE, Aston Pearl Real Estate, American Tower; research into related topics such as Construction, Commercial Construction, Industrial Construction, Mortgages, Interest Rates, Urbanization; or additional support in the Real Estate Sector or other Sectors. Learn more about T4's strategy consulting services here.
