Residential Real Estate Market Overview

The global residential real estate market was valued at $8,567.4 billion in 2019 and is projected to reach $12,182.1 billion by 2027, growing at a CAGR of 9.0% from 2020 to 2027.

Market Scope and Drivers

The residential real estate market encompasses the buying and selling of properties such as apartments, bungalows, and villas. Rapid urbanization in developing nations, including India, China, Brazil, Argentina, and South Africa, is a key driver. Major cities in these countries are expanding, increasing the demand for housing to accommodate populations migrating from various regions.