The Residential Real Estate Global Market Report 2023, provides comprehensive information on the residential real estate market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global residential real estate market size is expected to grow from $9,122.1 billion in 2022 to $9,608.7 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global residential real estate market size is expected to reach $11,561.07 billion in 2027 at a CAGR of 4.7%.
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The adoption of AI technology is a key trend gaining popularity in the residential real estate market. Companies operating in the residential real estate market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Restb.ai, a Spain-based computer vision provider for real estate, launched MLS Suite for Multiple Listing Services for AI in real estate. The AI-powered tools were created to automate the listing entry process, provide safety for users of IDX and VOW websites, and enrich and boost the value of MLS data. The main solutions offered to MLS are AI tagging, compliance, MLS match, and property descriptions.
The residential real estate market is segmented:
1) By Type: Apartments, Condominiums, Landed Houses, Villas
2) By Pricing: Affordable, Mid-Range, Luxury
3) By Size: Less Than 50 Square Meters, 51 To 80 Square Meters, 81 To 110 Square Meters, 111 To 200 Square Meters, More Than 200 Square Meters
4) By Business: Sales, Rental
5) By Mode: Online, Offline
Asia-Pacific was the largest region in the residential real estate market in 2022.
The table of contents in TBRC’s residential real estate market report includes:
1. Executive Summary
2. Residential Real Estate Market Characteristics
3. Residential Real Estate Market Trends And Strategies
4. Residential Real Estate Market – Macro Economic Scenario
5. Residential Real Estate Market Size And Growth
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26. Africa Residential Real Estate Market
27. Residential Real Estate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Residential Real Estate Market
29. Residential Real Estate Market Future Outlook and Potential Analysis
30. Appendix
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