Forecast growth of different housing markets globally 2028

Turkey, Russia, and Mexico were the countries with the highest forecast annualized growth of residential real estate transactions until 2028. According to a 2023 forecast by Statista Market Insights, the value of residential sales in Russia will rise by about 14 percent annually between 2023 and 2028. In the U.S. - the largest housing market - the growth rate is expected to be much lower at 2.65 percent.

Annualized growth forecast of residential real estate transactions in selected countries worldwide from 2023 to 2028, by country

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Supplementary notes

The statistic is based on data provided by Statista Market Insights. All figures are estimates.

Definition:

Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.

Additional information:

The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.

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