The Business Research Company’s latest report Real Estate Market Report 2020 covers Real Estate market drivers, Real Estate market trends, Real Estate market segments, Real Estate market growth rate, Real Estate market major players, and Real Estate market size. The report provides in-depth analysis of the impact of COVID-19 on the Real Estate industry, along with revised market numbers due to the effects of the coronavirus.
Real Estate Market Report 2020 is the most comprehensive report available on this market and will help gain a truly perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The real estate market is expected to grow from $2673.1 billion in 2019 to $2696.7 billion in 2020 at a compound annual growth rate (CAGR) of 0.9%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $3323.3 billion in 2023.
The real estate market is segmented by type into real estate rental, real estate agency and brokerage, by mode into online, offline. Subsegments covered are residential buildings and dwellings rental services, non-residential buildings rental services, mini warehouses and self-storage units rental services, other rental services, residential buildings and dwellings brokers, non-residential buildings brokers, mini warehouses and self-storage units brokers, other brokers.
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