The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Real Estate Global Market Report 2023, the real estate market is expected to show significant growth in the forecast period.

The real estate market, a barometer of economic vitality, is set for substantial growth in the coming years. Let’s delve into the key factors propelling this surge, the major players shaping the landscape, and a glimpse into the changing dynamics influenced by the tech-savvy Gen Z.

1. Economic Stability Fuels Growth

The real estate market is poised for significant expansion, with a projected CAGR of 7.6% in 2023. This growth is underpinned by stable economic forecasts in both developed and developing nations. The International Monetary Fund (IMF) anticipates global real GDP growth of 3.7% between 2019 and 2020 and a sustained 3.6% from 2021 to 2023. Recovering commodity prices further contribute to this optimistic outlook, providing a conducive environment for the real estate market to flourish. Emerging markets, particularly India, showcase robust GDP growth, with India’s GDP reaching $3173.40 billion in 2021.

2. Key Players Shaping the Landscape

Driving the real estate market are major companies at the forefront of innovation and investment. Key players include:

• Mitsui Fudosan Co. Ltd.
• Daito Trust Construction Co. Ltd.
• Brookfield Asset Management
• American Tower Corporation
• Sun Hung Kai Properties Limited
• CapitaLand Limited
• Realogy Holdings Corp.
• Xiamen C&D
• Simon Property Group Inc
• Berkshire Hathaway Inc

3. Gen Z: Catalyst for Rental Services

The emergence of Generation Z, the demographic cohort succeeding millennials, is set to revolutionize the real estate market. Gen Z, born between the mid-1990s and early 2000s, is projected to outspend other generations on rental services throughout their lifetime. With a strong reliance on technology, particularly the internet and social media, Gen Z’s impact on real estate is transformative. The real estate rental services market is expected to witness substantial growth in the coming years as this tech-savvy generation takes center stage.

4. Tech Integration in Real Estate Marketing

Gen Z’s tech-centric lifestyle demands a corresponding shift in real estate marketing. To tap into this burgeoning market, leasing and marketing campaigns must leverage technology. Apps, social media platforms, and online sources are the primary arenas where Gen Z is most active. Adapting marketing strategies to align with Gen Z’s digital preferences is paramount for sustained growth in the real estate rental services sector.

5. Market Segmentation: A Diverse Landscape

The real estate market is multifaceted, encompassing various types, modes, and property categories. It is segmented based on:

• Type:
  • Real Estate Rental
  • Real Estate Agency and Brokerage
• Mode:
  • Online
  • Offline
• Property Type:
  • Fully Furnished
  • Semi-Furnished
  • Unfurnished

6. Asia-Pacific Takes Center Stage

In 2022, Asia-Pacific emerged as the largest region in the real estate market. This region’s dominance is expected to persist, signaling its pivotal role in the global real estate landscape. As Asia-Pacific continues to lead, it contributes significantly to the market’s overall vibrancy.

View More On The Real Estate Market Report 2023 –
https://www.thebusinessresearchcompany.com/report/real-estate-global-market-report

Request A Sample Of The Global Real Estate Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=1944&type=smp

The Real Estate Global Market Report 2023  provides an in-depth analysis on the real estate market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the real estate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Real Estate Rental Global Market Report 2023

Real Estate Software Market Global Market Report 2023

Real Estate Agency And Brokerage Global Market Report 2023

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