Real Estate Market Expected to Reach $48923.3 Billion by 2031—Allied Market Research

Growth in urbanization and population drives the commercial and industrial sector, which in turn is expected to propel the demand for market in the coming years. Currently, by business, the sales segment has garnered significant market share in order to boom the real estate market size, owing to the expansion of the infrastructure sector in developing regions. The real estate market growth is due to the growth in demand for various properties such as residential, commercial, and industrial. Moreover, government initiatives to open the sector for foreign direct investment boost the market growth. For example, in 2020, Government of India approved 100% foreign direct investment in the construction development sector. 

COVID-19 is a disease caused by a newly discovered virus named Coronavirus. Many people are suffering from coronavirus disease throughout the globe. Various major players holding the real estate market share had to stop their business production due to lockdown implemented in countries such as the U.S., China, Brazil, and others.

This stagnancy in business activities has directly impacted the sales in the real estate industry. For instance, Alstom SA registered a decline of 17.7% in revenue in September 2020. Moreover, lack of manpower and raw material has halted the supply chain process. 

In addition, different real estate market trends in different developing and developed regions drives the growth of the market during the forecast period.

The real estate market analysis is done on the basis of type, property, business, and region. By type, the r market is bifurcated into land and buildings. By property, the market is categorized into residential, commercial, and industrial. By business, the market is divided into sales and rental.

By region, the the real estate market forecast is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major players profiled in the real estate market report include American Tower, AvalonBay Communities, Ayala Land Inc., Gecina, Link REIT, Prologis, Segro, Simon Property Group, Sinar Mas Land, and Welltower.