www.Entrepreneur.com
Allied Market Research report that the global real estate industry is estimated to generate $28,917.7 billion in 2021 and $4,923.3 billion by 2031, witnessing a CAGR of 5.3% from 2022 to 2031. The report is titled, "Real Estate Market By Property (Residential, Commercial, Industrial), By Business (Sales, Rental), By Type (Land, Buildings): Global Opportunity Analysis and Industry Forecast, 2021-2031."
The report details multiple drivers, restraints, and opportunities to expect within the future of the real estate market. After the negative effects of Covid-19, real estate companies have now started operating at their full-scale capacities that is helping the market to recover at a swift pace.
Residential real estate held the largest market share in 2021 and is expected to maintain a prominent growth during the forecast period through 2031. It is likely to exhibit the highest CAGR of 5.7% in 2031. Asia-Pacific was the largest market in 2021 and is expected to show the largest revenue growth during the forecast period. It is likely to grow at the fastest CAGR of 6.4%.