Residential Real Estate Global Market Report 2024

Description

“Residential Real Estate Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on residential real estate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for residential real estate? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The residential real estate market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Apartments; Condominiums; Landed Houses; Villas
2) By Pricing: Affordable; Mid-Range; Luxury
3) By Size: Less Than 50 Square Meters; 51 To 80 Square Meters; 81 To 110 Square Meters; 111 To 200 Square Meters; More Than 200 Square Meters
4) By Business: Sales; Rental
5) By Mode: Online; Offline
Companies Mentioned: Real Estate Maximums; Sotheby's International Realty; CBRE Group Inc.; Keller Williams Realty Inc.; Colliers International
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Residential real estate encompasses properties intended for individual or family habitation, comprising single-family homes, townhouses, and condominiums.

The primary categories of residential real estate comprise apartments, condominiums, landed houses, and villas. Apartments represent individual units within a larger building or complex, typically owned by a single entity or a property management company. Pricing options range from affordable to mid-range and luxury, with unit sizes categorized as less than 50 square meters, 51 to 80 square meters, 81 to 110 square meters, 111 to 200 square meters, and more than 200 square meters. Sales and rental are the core business activities, facilitated through various channels, including online and offline platforms.

The residential real estate market research report is one of a series of new reports from The Business Research Company that provides residential real estate market statistics, including the residential real estate industry global market size, regional shares, competitors with a residential real estate market share, detailed residential real estate market segments, market trends and opportunities, and any further data you may need to thrive in the residential real estate industry. This residential real estate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The residential real estate market size has grown strongly in recent years. It will grow from $9608.7 billion in 2023 to $10111.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. During the historical period, the expansion can be ascribed to factors such as economic stability and growth, accessibility of mortgage loans and interest rates, population growth and urbanization, government policies, and incentives, as well as demographic trends.

The residential real estate market size is expected to see steady growth in the next few years. It will grow to $12168.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. Anticipated growth in the forecast period can be linked to several factors, including low-interest rates, the evolution of remote work practices, a heightened emphasis on environmental sustainability, and shifts in household structures. Key trends expected during this period encompass affordable housing initiatives, the influence of generational preferences, adaptive reuse projects, a heightened focus on health and safety features, and increased global market connectivity.

The anticipated growth in the residential real estate market is primarily fueled by the increasing demand for residential properties. Residential structures, designed to meet the living needs of individuals or families, are witnessing a surge in demand, prompting the construction of high-rise and mixed-use buildings. This uptick in demand not only fuels housing needs but also creates opportunities for urban renewal and redevelopment, thereby contributing to the overall expansion of the residential real estate sector. For instance, in March 2023, the United States Census Bureau reported a significant year-over-year increase of 13.8% in the number of privately owned housing units approved by building permits, reaching 1,524,000 on a seasonally adjusted basis.

The growth of the residential real estate market is the rising number of nuclear families. Characterized by both parents and their children living together in a single household, nuclear families are becoming more prevalent. This demographic shift is translating into an increased demand for residential houses, further propelling the residential real estate market. In June 2023, the Australian Bureau of Statistics noted a notable increase of 1.0 million families in the past decade, reaching a total of 7.5 million, with families comprising two working partners experiencing a 1.9% rise. This trend underscores the role of growing nuclear families in driving the expansion of the residential real estate market.

The residential real estate market is witnessing a notable trend with the increasing adoption of AI technology by companies operating in this sector. In September 2022, Restb.ai, a Spain-based computer vision provider for real estate, introduced the MLS Suite for Multiple Listing Services, incorporating AI-powered tools to automate listing entry processes, enhance user safety on IDX and VOW websites, and augment the value of MLS data. The suite offers solutions such as AI tagging, compliance, MLS match, and property descriptions.

Strategic partnerships are becoming a prevalent approach among major companies in the residential real estate market to establish new rental apartment neighborhoods. Equity Residential, a US-based company specializing in residential rental building procurement and construction, entered into a partnership with Toll Brothers, Inc. in August 2021. This collaboration focuses on the targeted acquisition and development of apartment community sites in six metro markets, with Equity Residential contributing 75% of the capital for each selected property over the next three years, and Toll Brothers investing 25%. The projects are anticipated to have a 60% leverage ratio during financing, and Equity Residential will have the option to purchase each property after stabilization.

In March 2023, The Cadillac Fairview Corporation Limited, a Canada-based real estate company, made a strategic move by acquiring Lincoln Residential, a US-based real estate development and management company specializing in multifamily residential properties. This acquisition allows Cadillac Fairview Corporation to expand its presence in residential real estate, increase market share, and enhance its customer offerings. The specific terms and amount of the acquisition remain undisclosed.

Major companies operating in the residential real estate market report are Real Estate Maximums, Sotheby's International Realty, CBRE Group Inc., Keller Williams Realty Inc., Colliers International, Christie's International Real Estate, D. R. Hortons Inc., DLF Ltd., IJM Corporation Berhad, Lennar Corporation, Pultegroup Inc., Savills plc, American Tower Corporation, Cushman Wakefield Inc., Anywhere Real Estate Inc., Prologis Inc., Simon Property Group Inc., Coldwell Banker Real Estate LLC, The Cadillac Fairview Corporation Limited, Century 21 Real Estate LLC, ERA Real Estate, Better Homes and Gardens Real Estate, Redfin Corporation, Zillow Group Inc., Movoto Real Estate, Compass Inc., Realogy Holdings Corp, Allen Tate Companies, William Raveis Real Estate, John L. Scott Real Estate, Houlihan Lawrence, Douglas Elliman Real Estate

Asia-Pacific was the largest region in the global residential real estate market size in 2023. The regions covered in the residential real estate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the residential real estate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The residential real estate market includes revenues earned by entities by constructing properties, rental income, and vacation rentals. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12047

1. Executive Summary

2. Residential Real Estate Market Characteristics

3. Residential Real Estate Market Trends And Strategies

4. Residential Real Estate Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Residential Real Estate Market Size and Growth

5.1. Global Residential Real Estate Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Residential Real Estate Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Residential Real Estate Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Residential Real Estate Market Segmentation

6.1. Global Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Apartments
Condominiums
Landed Houses
Villas
6.2. Global Residential Real Estate Market, Segmentation By Pricing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Affordable
Mid-Range
Luxury
6.3. Global Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Less Than 50 Square Meters

51 To 80 Square Meters

81 To 110 Square Meters

111 To 200 Square Meters

More Than 200 Square Meters
6.4. Global Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Sales
Rental
6.5. Global Residential Real Estate Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online
Offline

7. Residential Real Estate Market Regional And Country Analysis

7.1. Global Residential Real Estate Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Residential Real Estate Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Residential Real Estate Market

8.1. Asia-Pacific Residential Real Estate Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Residential Real Estate Market

9.1. China Residential Real Estate Market Overview
9.2. China Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Residential Real Estate Market

10.1. India Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Residential Real Estate Market

11.1. Japan Residential Real Estate Market Overview
11.2. Japan Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Residential Real Estate Market

12.1. Australia Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Residential Real Estate Market

13.1. Indonesia Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Residential Real Estate Market

14.1. South Korea Residential Real Estate Market Overview
14.2. South Korea Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Residential Real Estate Market

15.1. Western Europe Residential Real Estate Market Overview
15.2. Western Europe Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Residential Real Estate Market

16.1. UK Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Residential Real Estate Market

17.1. Germany Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Residential Real Estate Market

18.1. France Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Residential Real Estate Market

19.1. Italy Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Residential Real Estate Market

20.1. Spain Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Residential Real Estate Market

21.1. Eastern Europe Residential Real Estate Market Overview
21.2. Eastern Europe Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Residential Real Estate Market

22.1. Russia Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Residential Real Estate Market

23.1. North America Residential Real Estate Market Overview
23.2. North America Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Residential Real Estate Market

24.1. USA Residential Real Estate Market Overview
24.2. USA Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Residential Real Estate Market

25.1. Canada Residential Real Estate Market Overview
25.2. Canada Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Residential Real Estate Market

26.1. South America Residential Real Estate Market Overview
26.2. South America Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Residential Real Estate Market

27.1. Brazil Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Residential Real Estate Market

28.1. Middle East Residential Real Estate Market Overview
28.2. Middle East Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Residential Real Estate Market

29.1. Africa Residential Real Estate Market Overview
29.2. Africa Residential Real Estate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Residential Real Estate Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Residential Real Estate Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Residential Real Estate Market Competitive Landscape And Company Profiles

30.1. Residential Real Estate Market Competitive Landscape
30.2. Residential Real Estate Market Company Profiles
- 30.2.1. Real Estate Maximums
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Sotheby's International Realty
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. CBRE Group Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Keller Williams Realty Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Colliers International
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Residential Real Estate Market Competitive Benchmarking

32. Global Residential Real Estate Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Residential Real Estate Market

34. Residential Real Estate Market Future Outlook and Potential Analysis

34.1 Residential Real Estate Market In 2028 - Countries Offering Most New Opportunities
34.2 Residential Real Estate Market In 2028 - Segments Offering Most New Opportunities
34.3 Residential Real Estate Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer