Residential Real Estate Market Analysis | APAC to contribute 40% to Global Market through 2023-2027
Global Residential Real Estate Market is a billion-dollar industry in the making with an estimated market growth at a CAGR of 5.07% between 2022 and 2027 and the market is forecasted to increase by USD 514.41 Bn in revenue. Several determinants, including the growing residential sector globally, the growing population and urbanization in developing countries, and the increasing support of the government for affordable houses are the catalysts of this market boom.
Market segmentation of Residential Real Estate classified by mode of booking (sales and rental/lease), type (apartments, condominiums, landed houses, and villas), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
Technavio has been monitoring the Residential Real Estate Market's growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
APAC to contribute 55% to the Global Market Growth of Residential Real Estate Market
55% of the growth of the global market during the forecast period will originate from APAC owing to residential and commercial projects in countries such as India and China growing at a rapid pace. Such factors are expected to drive the growth of the residential real estate market in APAC during the forecast period.
Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment.
Core Companies of the Residential Real Estate Market
When it comes to the core companies of the Residential Real Estate Market, some of the prominent names are Christies International Real Estate, Collabra Technology Inc., D. R. Hortons Inc., DLF Ltd., Engel & Volkers GmbH, Godrej & Boyce Manufacturing Co. Ltd., IJM Corp. Berhad, L and T Realty Ltd., Lennar Corp., OBEROI REALTY Ltd., Pultegroup Inc., Puravankara Ltd., etc.
Organizations like Habtoor- offer residential luxury houses such as luxury buildings, polo resorts , and clubhouses, towers, and villages. Also, through this segment, the company offers products such as Systems and components, Propulsion and energy systems, Construction machinery, and Rental and project solutions.
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Residential Real Estate Market: Key Highlights of the Report for 2023-2027