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Real Estate Market CAGR of 5.3% & reach to $48,923.3 billion – openPR

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Real Estate Market CAGR of 5.3% & reach to $48,923.3 billion

The real estate market, valued at $28,917.7 billion in 2021, is projected to reach $48,923.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2031. This market encompasses the buying and selling of residential, commercial, and industrial properties, including flats, bungalows, offices, and villas.

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Buy/sell, rent/lease residential &
commercials real estate properties.

Market Drivers

Urbanization in developing countries is a significant driver of the real estate industry. Individuals from rural areas migrate to cities in search of better living standards, which leads to urban expansion. The growth of industries around major cities further propels this expansion. Additionally, governments in various nations offer incentives to encourage real estate investment. For example, the U.S. and Australia provide real estate loans at lower interest rates and concessions for first-time home buyers. Other countries, such as Poland, the U.S., and Canada, offer Golden Visa programs and affordable housing schemes to attract buyers.

Tourist destinations in countries like France, the Netherlands, Dubai, Singapore, and Malaysia also attract real estate investors, contributing to market growth. Over the past decade, there has been a notable increase in land-related real estate transactions for commercial, industrial, and residential projects worldwide.

Market Constraints

The residential real estate market in developed nations has shown slow growth due to saturation in major cities. This limits further expansion and acts as a restraint on market growth.

The COVID-19 pandemic also impacted the real estate market significantly. Construction, manufacturing, hotel, and tourism industries were majorly affected due to halted or restricted manufacturing activities, leading to a decline in construction activities. This restrained market growth during the pandemic. However, as industries gradually resumed regular operations, real estate companies also restarted at full capacities, aiding the market’s recovery by the end of 2021.

Opportunities

Governments in developing nations are planning new cities with commercial, industrial, and residential zones. Examples include Dream City in Gujarat and New Kanpur in India. These projects are expected to offer lucrative growth opportunities for the real estate market.

Market Segmentation

The real estate market is segmented by type, property, business, and region. By type, the market is divided into land and buildings. By property, it includes residential, commercial, and industrial segments. By business, it is categorized into sales and rental.

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In 2021, the buildings segment dominated the market by revenue and is expected to grow at the highest CAGR during the forecast period. The residential property segment led the market in 2021 and is anticipated to exhibit the highest growth rate. The sales segment was the leading business segment in 2021 and is projected to register the highest CAGR.

Region-wise, Asia-Pacific garnered the highest revenue in 2021, followed by Europe and North America. The LAMEA region is anticipated to register the highest CAGR during the forecast period due to increased construction activities.

Competitive Landscape

Key players in the market include American Tower, AvalonBay Communities, Ayala Land Inc., Gecina, Link REIT, Prologis, Segro, Simon Property Group, Sinar Mas Land, and Welltower. These companies adopt strategies such as business expansion, agreements, and acquisitions to enhance their market presence.

Key Benefits for Stakeholders

The report provides a quantitative analysis of market segments, trends, sizes, and dynamics from 2021 to 2031 to identify prevailing opportunities. It offers insights into key drivers, restraints, and opportunities. Porter’s five forces analysis highlights the potency of buyers and suppliers, helping stakeholders make profit-oriented decisions and strengthen their supplier-buyer networks. The report also includes comprehensive regional and global market trend analysis, key player positioning, and growth strategies.

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