Market Insights report
The Residential Real Estate market covers the leases and transactions of residential properties. Residential real estate leases refer to the market where landlords and tenants enter into agreements for the rental of residential properties, such as apartments, houses, and condominiums, while residential real can be defined as buying, selling, or transfer of ownership of residential properties. The residential real estate market covers real estate transactions and leases, and the section, residential real estate leases, is divided into apartment and house leases.
This report provides an overview of the Residential Real Estate market and includes a range of statistics: the overall market development, a forecast until 2029, worldwide comparisons, and more. The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estates sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and for real estate renters as well. In total, the worldwide value of the Residential Real Estate market, which amounted to US$493.4 trillion in 2023, is expected to continue to grow at a stable rate to reach US$601.9 trillion by 2029.
What's included?
The residential real estate market covers real estate transactions and leases, and the section, residential real estate leases, is divided into apartment and house leases. These include two segments: Residential Real Estate Leases and Residential Real Estate Transactions.
The residential real estate market is influenced by supply and demand dynamics, as well as economic and demographic factors. The market is generally considered to be in a state of equilibrium when the number of homes for sale is roughly equal to the number of buyers looking to purchase a home. In 2023, the overall Residential Real Estate Value was US$493 trillion, comprising 81.10% of worldwide Real Estate value.
The Commercial Real Estate market is also driven by various trends, e.g., rising home prices, a shift towards suburban areas, growing interest in sustainable homes, and increasing demand for rental properties. With all these trends driving the Residential Real Estate market, it is expected to continue growing in the future, resulting in positive revenue growth rates in the forecast period.
Residential Real Estate
Overview
Market numbers
Residential Real Estate
Overview
Market numbers
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