PUBLISHER: TechSci Research | PRODUCT CODE: 1668221
PUBLISHER: TechSci Research | PRODUCT CODE: 1668221
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The global Real Estate Market was valued at USD 4.12 Billion in 2024 and is expected to reach USD 5.58 Billion by 2030 with a CAGR of 5.23% during the forecast period. The market is anticipated to grow steadily during the forecast period, driven by population growth and the increasing demand for personal household space. Additionally, the rise of the internet has heightened consumer awareness of online real estate services. To capture market share, key players are offering a variety of services, such as live-streaming rooms. For example, Alibaba reports that over 5,000 real estate agents from nearly 100 locations in China have adopted live-streaming rooms, enabling homebuyers to explore properties and complete transactions from the comfort of their homes.
Market Overview | |
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Forecast Period | 2026-2030 |
Market Size 2024 | USD 4.12 Billion |
Market Size 2030 | USD 5.58 Billion |
CAGR 2025-2030 | 5.23% |
Fastest Growing Segment | Lease |
Largest Market | Asia Pacific |
Asia Pacific's GDP growth is projected to reach 4.1% in 2025, slightly up from 3.9% in 2024. Economic growth drivers will differ across markets, including an increase in migrant workers in Australia, a boost in visitor arrivals in Japan, and higher government spending in India. CBRE's 2025 Asia Pacific Investor Intentions Survey revealed a positive shift in real estate investment sentiment, with net buying intentions rising from 5% in 2024 to 13% in 2025. Participants cited interest rate cuts and asset repricing as key factors driving their increased real estate allocations. With improved buying sentiment, CBRE predicts a 5-10% year-on-year rise in investment volume in 2025, fueled by growth in markets such as Singapore, Korea, Australia, and Hong Kong SAR, along with sustained investor interest in Japan and India.
Market Drivers
Urbanization and Population Growth
Urbanization is one of the primary drivers of the global real estate market. Over the past few decades, the world has seen a significant migration of people from rural areas to urban centers in search of better job opportunities, higher living standards, and access to modern amenities. According to the United Nations, nearly 56% of the world's population lived in urban areas in 2020, and this number is expected to increase to 68% by 2050. This ongoing trend has led to a steady rise in demand for residential, commercial, and industrial properties in cities across the globe. As more people settle in urban areas, the need for housing, office spaces, shopping centers, and infrastructure development has surged. Cities such as New York, London, and Tokyo have seen the construction of new residential complexes and commercial developments to accommodate the growing population. In 2024, Realty firm Signature Global Ltd launched housing projects worth approximately USD 6 billion in Delhi-NCR over the next three years, driven by strong consumer demand. The company, which sold properties worth USD 870 million last fiscal, is targeting USD 1.2 billion (Rs 10,000 crore) in sales this fiscal. The company is also exploring opportunities in Noida, Greater Noida, and Yamuna Expressway.
Key Market Challenges
Affordability and Housing Supply
One of the most significant challenges in the global real estate market is the affordability of housing, especially in major urban centers. As cities grow, the demand for housing continues to rise, but the supply struggles to keep pace. This results in skyrocketing property prices, making homeownership out of reach for many people, particularly first-time buyers and lower-income households. In cities like New York, London, and Sydney, the cost of purchasing a home has soared over the years, making it increasingly difficult for average families to afford adequate housing. Developers, especially in high-demand areas, are often inclined to build luxury apartments or commercial spaces, where the profit margins are higher, rather than focusing on affordable housing options. This exacerbates the housing crisis, leaving many individuals and families in need of affordable homes without options. Governments have attempted to address this challenge by implementing policies such as rent controls, subsidies, and the promotion of affordable housing developments. However, these efforts often fall short of meeting the ever-growing demand, and in many cases, they don't address the underlying issues that prevent builders from delivering more affordable housing. The imbalance between supply and demand continues to strain the real estate market, especially as population growth in cities accelerates. As housing affordability remains an ongoing concern, it presents a long-term challenge for both urban planners and developers worldwide.
Key Market Trends
Rise of Remote Work and Suburban Growth
One of the most transformative trends in the global real estate market in recent years has been the shift toward remote work, accelerated by the COVID-19 pandemic. As businesses around the world transitioned to remote work models, employees no longer needed to live in close proximity to their offices. This shift has led to an increased demand for homes in suburban and rural areas, where space is more abundant and prices are often lower than in densely packed urban centers. The trend toward remote work has caused many individuals and families to reconsider their living arrangements. Instead of renting or purchasing apartments in crowded city centers, people are opting for larger homes in suburban neighborhoods, where they can enjoy more space, both indoors and outdoors. The rise of flexible work arrangements has made commuting less of a necessity, allowing people to prioritize lifestyle factors like affordability, tranquility, and access to nature. As a result, suburban and exurban real estate markets are seeing significant growth. Homebuyers and renters are increasingly looking for properties with larger square footage, home offices, and outdoor spaces like gardens or yards. This trend has also led to a reimagining of what "home" means, with more people valuing work-life balance and the ability to personalize their living environments.
In this report, the global Real Estate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the global Real Estate Market.
Global Real Estate Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: