In 2020, the estimated value of the global commercial real estate market was approximately 32.6 trillion U.S. dollars, up from 30.3 trillion U.S. dollars in 2019.
How big is the real estate industry 2020?
The value of all the world’s real estate reached $326.5 trillion in 2020, a 5% increase on 2019 levels and a record high. Growth was driven by residential which is by far the largest real estate sector, accounting for 79% of all global real estate value.
How much is the real estate industry worth 2020?
U.S. housing gained about $2.5 trillion in value in 2020 — the most in a single year since 2005, according to a new Zillow analysis. The full stock of U.S. housing is now worth $36.2 trillion.
How big is the real estate industry 2021?
What is the market size of the Real Estate Sales & Brokerage industry in the US in 2021? The market size, measured by revenue, of the Real Estate Sales & Brokerage industry is $156.2bn in 2021.
How much does real estate contribute to global GDP?
2. By any measure, real estate is by far the most significant store of wealth, representing more than 3.5 times the total global GDP.
Is real estate a dying industry?
Real estate isn’t a dying career. In fact, there are more real estate agents in 2021 than perhaps ever before. However, the field is changing dramatically, with the advent of online marketing, VR and virtual tours, and easy online paperwork.
How big is China’s real estate market?
The Chinese property market is already twice the size of the US residential market and in 2019 was worth $52 trillion.
Is real estate a concentrated industry?
At the national level, both the NAR and the FTC/DOJ reports point out that the industry is not concentrated. 5 But as most observers agree, real estate markets are local, so national-level market structure information is not dispositive.
What is the biggest industry in the world?
The Biggest Industry In The World?
- That’s right, the financial industry is the largest industry in the world! Totalling $109 trillion, it dwarfs the competition. …
- Financial services. Technically, the financial industry is composed of companies that offer financial services. …
- The foundation of the economy.
What percentage of the world’s wealth is in real estate?
Over the last two centuries, about 90 percent of the world’s millionaires have been created by investing in real estate. For the average investor, real estate offers the best way to develop significant wealth.
How much of the world’s wealth is in real estate?
While the source is different and accurate measurements are obviously difficult, you will notice that they estimate global wealth at $360.6 trillion and the value of all real estate in the world to be $280.6 trillion. Or in other words, real estate is 77.8% of global wealth.