The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Current Market Expansion

• Market Size 2023: $9608.7 billion
• Market Size 2024: $10111.21 billion
• CAGR: 5.2%
• Growth Drivers:
  • Economic stability and growth
  • Interest rates and mortgage accessibility
  • Population growth and urbanization
  • Government policies and incentives
  • Demographic trends

Rising Demand Fuels Residential Real Estate Market Growth

• Impact of Housing Demand:
  • Drives construction of high-rise and mixed-use buildings
  • Encourages urban renewal and redevelopment
  • Increased number of housing units approved by building permits in key markets like the US

View More On The Residential Real Estate Market Report 2024 – https://www.thebusinessresearchcompany.com/report/residential-real-estate-global-market-report

Major Players in the Market

• Key Companies:
  • Real Estate Maximums
  • Sotheby’s International Realty
  • CBRE Group Inc.
  • Keller Williams Realty Inc.
  • Colliers International
  • Christie’s International Real Estate
  • D. R. Hortons Inc.
  • DLF Ltd.
  • American Tower Corporation
  • Cushman Wakefield Inc.
  • Anywhere Real Estate Inc.
  • Prologis Inc.
  • Simon Property Group Inc.
  • Coldwell Banker Real Estate LLC
  • The Cadillac Fairview Corporation Limited
  • Zillow Group Inc.
  • Movoto Real Estate

Technology Drives Market Innovations

• Adoption of AI Technology:
  • Restb.ai introduces MLS Suite for AI-powered listing entry and data enrichment
  • Enhances data value and compliance for Multiple Listing Services (MLS)

Strategic Acquisitions Boost Market Presence

• Cadillac Fairview’s Acquisition:
  • Acquires Lincoln Residential to expand residential real estate portfolio
  • Enhances market share and customer offerings in the US market

Future Market Outlook

• Market Size 2028: $12168.78 billion
• CAGR: 4.7%
• Growth Drivers:
  • Low-interest rates
  • Shifts in remote work practices
  • Environmental sustainability
  • Changing household structures

Key Trends Shaping the Future

• Affordable Housing Initiatives
• Impact of Generational Preferences
• Adaptive Reuse Projects
• Focus on Health and Safety Features
• Global Market Connectivity

Market Segmentation

• By Type:
  • Apartments
  • Condominiums
  • Landed Houses
  • Villas
• By Pricing:
  • Affordable
  • Mid-Range
  • Luxury
• 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
• By Business:
  • Sales
  • Rental
• By Mode:
  • Online
  • Offline

Conclusion

The residential real estate market is experiencing robust growth driven by rising housing demand and strategic market innovations. With advancements in AI technology and strategic acquisitions, key players are poised to capitalize on emerging trends and demographic shifts. As the market expands globally, focusing on affordability, sustainability, and adapting to new consumer preferences will be pivotal for sustained growth and market leadership.

Request A Sample Of The Global Residential Real Estate Market Report 2024:

https://www.thebusinessresearchcompany.com/sample_request?id=10792&type=smp

The Residential Real Estate Global Market Report 2024  provides comprehensive insights on the residential real estate market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the residential 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 Agency And Brokerage Global Market Report 2024

Real Estate Global Market Report 2024

Real Estate Rental Global Market Report 2024

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