A Brief Overview of the Real Estate Industry
Posted by NickyArora on October 22nd, 2019
The Global Real Estate Market is expected to generate a revenue of USD 4,263.7 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as the increasing demand for housing real estate space, rapid urbanization through migration in search for better amenities. Rapid economic development in the developing regions and countries like India, China, and many African countries has enhanced income levels and helped in the real estate market.
Real estate market involves buying, selling and renting, leasing of property and condominiums for commercial and personal household usage. Commercial real estate business had grown exponentially in the last decade owing to increased number of key players entering the regional market as well. Government reforms, lower rentals, mortgage rates in the developing countries is likely to boost the market over the forecast period
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According to United Nations, approximately 50% of the population lives in urban areas and this figure is set to reach up to 65% in the forecast period owing to the migration into cities which turn into megacities with bustling urban amenities and lifestyle.
Further key findings from the report suggest:
Grand View Research has segmented the real estate market into regions & countries on both revenue and volume fronts:
Regional Outlook (Revenue, USD Billion; 2014 - 2025)
Regional Outlook (by million units sold, 2014 - 2025)
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
Grand View Research, Inc.
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Email: email@example.comAlso See: Real Estate, View Research, Grand View, Estate Market, Research, Real, Market
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