New York, NY – Feb. 22, 2023 (PRNewswire) The global residential real estate market is estimated to increase by USD 514.41 billion between 2022 and 2027. The market’s growth momentum will accelerate at a CAGR of 5.07%. The report also includes historic market data from 2017 to 2021. In 2017, the residential real estate market was valued at USD 1,657.07 billion. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the historic market data from 2017 to 2021 – Request a sample report.
The global residential real estate market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer residential real estate in the market are Al Habtoor Group LLC, Brigade Enterprises, Christies International Real Estate, Collabra Technology Inc., D. R. Hortons Inc., DLF Ltd., Engel and Volkers GmbH, Godrej and Boyce Manufacturing Co. Ltd., IJM Corp. Berhad, L and T Realty Ltd., Lennar Corp., OBEROI REALTY Ltd., Pultegroup Inc., Puravankara Ltd., Raubex Group Ltd., Savills Property Services (India) Pvt. Ltd., SOBHA Ltd., Sotheby International Realty Affiliates LLC, Sun Hung kai Properties Ltd., and Tata Sons Pvt. Ltd. and others.
Residential real estate market – Vendor Analysis
Vendor Landscape –
Vendors compete based on several factors, such as quality, price, service, brand image, distribution, and marketing. Increasing vendor competition may lead to vendors reducing their product prices, which could negatively affect their profit margins and market growth during the forecast period.
Vendor Offerings –
- Al Habtoor Group LLC: The company offers residential luxury houses such as luxury buildings, polo resort, and club houses, towers, and villages.
- Christies International Real Estate: The company offers residential luxury houses such as beach houses, golf houses, castles and palaces, eco-friendly homes, and private islands.
- D. R. Hortons Inc: The company offers smart homes, luxury villas, and resorts.
- DLF Ltd.: The company offers super luxury estate, luxury estate, and premium estates in India.
- For Details on the vendor and its offerings – Buy the report!
Residential real estate market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on the mode of booking (sales and rental/lease), and type (Apartments, condominiums, Landed houses, and villas).
- The sales segment will account for a significant share of the market’s growth during the forecast period. With population growth and urbanization, the demand for housing is also increasing, which is the main factor driving the growth of the retail segment. In addition, real estate companies work with developers to sell the buildings and units they create. These companies generate commissions by creating all marketing materials and using salespeople to sell the inventory of finished units. These companies tend to focus on new entities. Therefore, the sales segment of the global residential real estate market is expected to grow during the forecast period, with increasing investment in the residential sector.
Geography Overview
By geography, the global residential real estate market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global residential real estate market.
- APAC is estimated to contribute 55% to the growth of the global market during the forecast period. The major factors, which are driving the growth of the market in APAC, are rapid urbanization and the increasing spending capacity of people. Moreover, residential and commercial projects in countries such as India and China are 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.
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report
Residential real estate market – Market Dynamics
Leading Drivers – The growing housing sector across the globe is a key factor behind the growth of the market. The concept of integrated living, as homebuyers do today, is heavily invested in housing projects with modern facilities such as shopping malls, schools, hospitals, leisure clubs, office buildings, and parks with complexes. We are growing rapidly in the residential sector as we are starting to invest. In search of a more peaceful life that is self-sufficient and secure. While large housing projects like townships meet all the social, civic, and recreational needs of homebuyers and have multi-level security systems, the demand for township housing has increased significantly. I’m here. I am here. Such factors are expected to boost the growth of the global residential real estate market during the forecast period.
Key Trends – Increasing marketing initiatives are the main trend in the global growth of the market. Several vendors create TV advertising campaigns, followed by marketing campaigns that include internet pre-rolls, major social media and blogging programs, and interactive websites. In addition, social media is an integral part of marketing strategies, and visual content is a key driver of customer retention and the development of online brand communities. Vendors also use social media channels such as Instagram to showcase existing and upcoming projects. They post a variety of creative content on their Instagram channel with a focus on engaging customers. Therefore, increasing marketing initiatives is a growth trend expected to drive market growth over the forecast period.
Major challenges – Regulatory uncertainty poses a major challenge to the growth of the market. Changes in regulatory standards can add significant cost, time, risk, and uncertainty to the completion of development projects and introduce new challenges and operational constraints to existing properties. There is The current regulatory environment at various levels of government such as federal, state, and local governments increasingly provide the desired transparency, permanence, predictability, and stability that are essential for property owners and operators. It offers. It is insufficient. Therefore, regulatory uncertainty could become a major challenge that could impede the growth of the global residential real estate market during the forecast period.
What are the key data covered in this residential real estate market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the residential real estate market between 2023 and 2027
- Precise estimation of the residential real estate market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the residential real estate market across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of residential real estate market vendors
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