The global real estate market size was valued at $6,872.8 million in 2018, and is projected to reach $8,662.2 million by 2026, growing at a CAGR of 2.8% from 2019 to 2026.Real estate refers to a property which consists ofland and buildings. It includes apartment, multi-family house,building or complex, multi-unit housing complex, vacant land, farms, ranches, commercial & industrial infrastructure, and others.
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The major market participants profiled in this industry Include: American Tower, AvalonBay Communities, Ayala Land Inc., Gecina, Link REIT, Prologis, Segro, Simon Property Group, Sinar Mas Land, and Welltower & many More.
Rise in demand for industrial and commercial infrastructure developments majorly drives the market growth. In addition, growth in public-private partnerships in different countries such as India and China would continue to fuel the growth of the real estate industry.Similarly, growth in the demand for residential development largely propel the market growth. However, slow economic activity after Brexit directly affects the market growth.Furthermore, increase in government investment in infrastructure developmentis expected to further boost the growth of the real estate market.