Global real estate market hits $365.51 trillion in 2023 – Pakistan Observer

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A Turkish real estate firm, Trem Global, announced that the global real estate and infrastructure market hit a record high of $365.51 trillion in 2023. The real estate sector, which has defied global economic fluctuations, continues to maintain its strength this year, according to the company’s statement Thursday, based on Precedence Research results.

The increase in the market was achieved in an environment full of geopolitical tensions in the residential segment. Murat Meric, deputy general manager of sales at Trem Global, said Türkiye is an attractive destination for foreign and domestic investors with its dynamic economy and rich real estate options. “Türkiye is a bridge in international real estate markets and its competitive advantages are increasing,” he added. The firm expected that 2023 will see significant transformation for the real estate sector toward a smart, sustainable and diverse future.—AA

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