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(MoneyNewsWire.Net, September 07, 2018 ) The real estate industry includes establishments involved in renting, leasing and allowing the use of buildings and land. It also includes managing real estate for others, selling, renting and buying real estate for others and appraising real estate. It includes housing and other real estate such as office.
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The global real estate industry has shown moderate growth in the past years with a market value of around $ 3.5 trillion in 2017, which was the highest ever market value recorded in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for
each year with sourced reasons to support the growth claims in this market.
The report also shows the real estate market to grow at the same CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The high growth can be attributed to the expected increase in demand for real estate due to growing population, rapid urbanization, rising per capita income, demographic shift, and easing real estate regulations to facilitate affordable housing in emerging countries such as China and India.
Increasing demand for luxury homes is also expected to drive the market in developed countries. An increasing interest rate environment, which is expected during this period, will somewhat slow this growth.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
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Companies included in the report are CBRE Group, Jones Lang LaSalle Inc., New World Development Company Limited, Colliers International, and Newmark Grubb Knight Frank.
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