Real Estate Market to Grow by USD 1.13 Trillion from 2024-2028, Driven by Rising Private Investment, Report on How AI is Driving Market Transformation - Technavio

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The global real estate market size is estimated to grow by USD 1.13 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.27%  during the forecast period. Growing aggregate private investment is driving market growth, with a trend towards increasing marketing initiatives. However, regulatory uncertainty in real estate market  poses a challenge. Key market players include Boston Commercial Properties Inc., Brigade Enterprises, Brookfield Business Partners LP, CBRE Group Inc., Christies International Real Estate, Dalian Wanda Group, DLF Ltd., Keller Williams Realty Inc., Lee and Associates Licensing and Administration Co. LP, Link Asset Management Ltd., Marcus and Millichap Real Estate Investment Services, Inc., MaxWell Realty Canada, NAI , Nakheel PJSC, Prologis Inc., RAK PROPERTIES, Segro Plc, Shannon Waltchack, TCN Worldwide, and WeWork Inc..

Technavio has announced its latest market research report titled Global real estate market 2024-2028
Technavio has announced its latest market research report titled Global real estate market 2024-2028

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Real Estate Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.27%

Market growth 2024-2028

USD 1133 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.77

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 63%

Key countries

China, US, India, Japan, and Germany

Key companies profiled

Boston Commercial Properties Inc., Brigade Enterprises, Brookfield Business Partners LP, CBRE Group Inc., Christies International Real Estate, Dalian Wanda Group, DLF Ltd., Keller Williams Realty Inc., Lee and Associates Licensing and Administration Co. LP, Link Asset Management Ltd., Marcus and Millichap Real Estate Investment Services, Inc., MaxWell Realty Canada, NAI Global, Nakheel PJSC, Prologis Inc., RAK PROPERTIES, Segro Plc, Shannon Waltchack, TCN Worldwide, and WeWork Inc.

Market Driver

The real estate market is experiencing due to rising population and increasing demand for personal household space. Home sales have rebounded, with millennials leading the charge in homeownership. Commercial real estate, including offices, shopping malls, and industrial buildings, is also thriving. Economic and local market conditions influence housing demand, while interest rates impact investment options. Fully furnished, semi-furnished, and unfurnished properties are available for purchase or rent. Online transactions are gaining popularity, but offline transactions still dominate. Home prices and median rent continue to rise, making property investment an attractive option. Real estate development, property management, financing, and technological integration are key areas of focus. Infrastructure development, including construction of roads, utility systems, and buildings, is essential for growth. Undeveloped land and vacant properties offer opportunities for investment. Agriculture, employment generators like manufacturing and logistics, and sectors like e-commerce and telecommunications drive demand for residential and commercial properties. Tax benefits and tax exemptions make real estate an attractive investment.