Real estate is more than the buildings we see and use daily. Behind the façade, there is a vast network of companies and professionals that make the industry possible. Just like any other industry, real estate evolves and faces constant changes. Digitalization and proptech have begun revolutionizing the sector by reshaping business processes and making new services and products possible. With the rise in popularity of coworking and coliving, the concept of space as a service has been changing not only commercial and residential properties but also the way we live and do business.
Value of listed real estate market worldwide as of December 2023, by region (in billion U.S. dollars)
Further details: Visit original statistic Value of listed real estate market worldwide as of December 2023, by region (in billion U.S. dollars)
Coming up with an estimated size of the real estate market is not an easy task. In 2023, the aggregate value of listed real estate companies worldwide exceeded three trillion U.S. dollars. Listed real estate companies are companies whose stock is traded on a stock exchange. They can operate in one or more of the following segments: real estate development, investment management, operating, and brokerage.
Value of listed real estate market in Europe, by countryNumber of National Association of Realtors members in the United States from 2009 to 2023 (in millions)
Further details: Visit original statistic Number of National Association of Realtors members in the United States from 2009 to 2023 (in millions)
The role of the real estate agent is to assist both sellers and buyers in making the right decision. Agents not only market the properties and find buyers, but also prepare the paperwork for the transaction. In the U.S., the number of agents registered in the National Association of Realtors (NAR) has increased since 2012 under the effects of the growing housing market. Nevertheless, as the market slowed in 2023, the number of NAR members declined for the first-time in over a decade.
Commission rate of real estate agents in the U.S.Value of venture capital raised by proptech companies worldwide from 2019 to 2023 (in billion U.S. dollars)
Further details: Visit original statistic Value of venture capital raised by proptech companies worldwide from 2019 to 2023 (in billion U.S. dollars)
As Artificial Intelligence (AI), blockchain, and big data analytics advance, the real estate industry has a real opportunity to embrace new concepts and products, as well as disrupt and improve existing processes. Naturally, this is not possible without major investment. Since 2021, venture capital investment has overall declined due to economic uncertainty, leading in a decline in proptech investment.
Investor interest in selected proptech innovations worldwideMost popular real estate websites in the United States in 2023, based on monthly visits (in millions)
Further details: Visit original statistic Most popular real estate websites in the United States in 2023, based on monthly visits (in millions)
Online real estate portals offer various products and services, such as information, analytics, and marketplaces. One of the reasons that makes online portals a valuable one-stop destination for individuals and businesses is that they combine features concerning different stages of the buying or letting process: property listings, agent profiles, reviews, mortgage calculators, and virtual tours.
Leading REITs worldwide by market cap
Property services is an umbrella term for services that facilitate the real estate sector. This includes various institutions specializing in residential and commercial real estate investment, sales, and management. Furthermore, it includes property technology innovation companies that develop and optimize real estate services and products. Naturally, there are many activities that are vital to the sector but are excluded from this section and can be found elsewhere on our platform:
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