Global Real Estate Market Report 2023: Recovering Commodity Prices Bolsters Growth

Dublin, May 08, 2023 (GLOBE NEWSWIRE) -- The "Real Estate Global Market Report 2023" report has been added to's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the market.

The global real estate market grew from $3694.47 billion in 2022 to $3976.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The real estate market is expected to grow to $5209.84 billion in 2027 at a CAGR of 7.0%.

Major companies in the real estate market include Mitsui Fudosan Co. Ltd., Daito Trust Construction Co. Ltd., Brookfield Asset Management, American Tower Corporation, Sun Hung Kai Properties Limited, CapitaLand Limited, Realogy Holdings Corp., Xiamen C&D, Simon Property Group Inc and Berkshire Hathaway Inc.

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Real estate refers to the process of building, renting, buying, and selling properties, both residential and commercial. Developers earn a profit by adding value to the land by creating buildings or improvements, and rezoning. The real estate agencies are responsible for guiding the buyer through all the related paperwork.

The main types of real estate are real estate rental, real estate agency, and brokerage. Renting real estate, also referred to as hiring or letting, is a contract in which a fee is paid in exchange for the temporary use of a good, service, or property that belongs to someone else. The different modes include online, and offline and involve various property types such as fully furnished, semi-furnished, and unfurnished.

Gen Z (born between the mid-1990s and early 2000s) is the next generation of renters after the millennials and they are predicted to spend more than any other generation on rental services in their lifetime. Gen Z is highly dependent on technology and relies more on the internet and social media to make purchasing and lifestyle decisions.

Since Gen Z has experienced technology their entire lives, leasing and marketing campaigns for real estate rental services should incorporate the use of technology to reach this generation where they are most active such as on apps, on social media, or any other internet source. Gen Z makes up almost one-quarter of the U.S. population therefore, the real estate rental services market is expected to witness growth from this generation in the five years from 2019 to 2023

Asia-Pacific was the largest region in the real estate market in 2022. North America was the second-largest region in the real estate market. The regions covered in the real estate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The real estate market's growth will be aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global real GDP growth will be 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023.

Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to official data from the World Bank, the GDP of India increased to reach $3173.40 billion in 2021, compared to $2667.69 billion in 2020.

The real estate market consists of revenues earned by entities that are engaged in providing services such as residential buildings and dwellings rental, non-residential buildings rental services, non-residential buildings rental services, mini-warehouses, and self-storage unit rental services.

The real estate market includes establishments such as builders, developers, lessors of real estate, and property management companies. This market also includes managing, selling, renting, buying, and appraising real estate for others. 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.

Key Attributes:

Report AttributeDetails
No. of Pages400
Forecast Period2023 - 2027
Estimated Market Value (USD) in 2023$3976.18 billion
Forecasted Market Value (USD) by 2027$5209.84 billion
Compound Annual Growth Rate7.0%
Regions CoveredGlobal

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Real Estate Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Real Estate Market Product Analysis
4.1. Leading Products/Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Real Estate Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Real Estate Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Real Estate Market Trends And Strategies

8. Real Estate Market - Macro Economic Scenario
8.1 COVID-19 Impact On Real Estate Market
8.2 Ukraine-Russia War Impact On Real Estate Market
8.3 Impact Of High Inflation On Real Estate Market

9. Real Estate Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market

10. Real Estate Market Regional Analysis
10.1. Global Real Estate Market, 2022, By Region, Value ($ Billion)
10.2. Global Real Estate Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
10.3. Global Real Estate Market, Growth And Market Share Comparison, By Region

11. Real Estate Market Segmentation
11.1. Global Real Estate Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

  • Real Estate Rental
  • Real Estate Agency and Brokerage

11.2. Global Real Estate Market, Segmentation By Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

  • Online
  • Offline

11.3. Global Real Estate Market, Segmentation By Property Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

  • Fully Furnished
  • Semi-Furnished
  • Unfurnished

12. Real Estate Market Segments
12.1. Global Real Estate Rental Market, Segmentation By Type, 2017-2022, 2022-2027F, 2032F, Value ($ Billion) - Residential Buildings And Dwellings Rental Services; Non-Residential Buildings Rental Services; Mini warehouses And Self-Storage Units Rental Services; Other Rental Services
12.2. Global Real Estate Agency and Brokerage Market, Segmentation By Type, 2017-2022, 2022-2027F, 2032F, Value ($ Billion) - Residential Buildings And Dwellings Brokers; Non-Residential Buildings Brokers; Mini warehouses And Self-Storage Units Brokers; Other Brokers

13. Real Estate Market Metrics
13.1. Real Estate Market Size, Percentage Of GDP, 2017-2027, Global
13.2. Per Capita Average Real Estate Market Expenditure, 2017-2027, Global

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