Global Residential Real Estate Market Size is valued at USD 10.9 trillion in 2024 and is predicted to reach USD 22.2 trillion by the year 2034 at a 7.8% CAGR during the forecast period for 2025-2034.
The market for residential real estate is the area of the economy that deals with the purchase, sale, leasing, and rental of real estate for individual use. There are many different kinds of residences in this market, including townhouses, apartments, condominiums, single-family homes, and multi-family units. It serves investors, families, and people looking to buy homes or use them as assets to generate income. Due to urbanization trends and rising demand from a growing population, the residential real estate market is expanding significantly.
The marketing efforts of real estate developers and agents, who are using digital platforms and innovative campaigns to draw in buyers, are also driving this demand. The residential real estate market expansion is hampered by regulatory uncertainty, though, as different jurisdictions have distinct laws and policies that influence investment choices. Businesses that plans to capitalize on market opportunities must remain informed about legislative advancements and adjust their strategies accordingly.
Additionally, collaborations with regulatory authorities and cooperation with local expertise can facilitate the process of navigating intricate regulatory environments and ensuring compliance. Consequently, the market offers numerous growth opportunities; however, a strategic approach is necessary for overcoming regulatory barriers and effectively prioritize demand. In this fast-paced industry, businesses that are capable of surpassing these challenges and adapting to regional market conditions will have a high likelihood of progress.
The residential real estate market is segmented based on type. Based on type, the market is segmented into Condominiums and Apartments, Villas and Landed House.
The Condominiums and Apartments category is expected to hold a major global market share in 2021 because of its accessibility, benefits of location, and attractiveness to a wider range of people. In densely populated cities, there is a growing need for residences that are smaller and better designed. A major factor in increasing demand in this market is the accessibility of a variety of facilities, such as gyms, swimming pools, and landscaped gardens. Additionally, developers are particularly drawn to this market segment due to the lower building costs of high-rise apartments as compared to individual villas or landed properties. Furthermore, the strong growth of this market category in large cities is fueled by consumers' increasing need for safe, well-kept communities with a range of social amenities.
The North American Residential Real Estate market is expected to register the highest market share in revenue in the near future. People are increasingly opting to purchase rather than rent their homes due to the high per capita income levels in the US and Canada. Additionally, a lot of people choose to invest in real estate because they can provide larger profits later on because of rising rents in both mature and developing regions. These factors drive the North American market. Additionally, shifting customer preferences, legislative changes, and technical advancements like home automation and innovative business tactics all have an impact on the market. In addition, Asia Pacific is projected to grow rapidly in the global residential real estate market, which is motivated by a number of variables. These include strong economic expansion that raises disposable incomes, fast urbanization that raises housing demand, and government programs that support affordable housing. Additionally, infrastructural upgrades are drawing development and investment, especially in tier-2 and tier-3 cities. The need for high-quality housing is being driven by the growing middle class and shifting lifestyles, which is encouraging additional growth in this area.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 10.9 trillion |
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Revenue Forecast In 2034 |
USD 22.2 trillion |
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Growth Rate CAGR |
CAGR of 7.8% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ trillion and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Ericsson, Huawei, Nokia, Samsung, ZTE, CommScope, Corning, Comba Telecom, AT&T, Airspan, SOLID, Dali Wireless, Nextivity, JMA Wireless, Proptivity, LitePoint, ALCAN, Extenet Systems, LITEON Technology, Mavenir, Maven Wireless, Boingo Wireless, Fujitsu, BTI Wireless, Sercomm, PCTEL, and Huber+Suhner. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Residential Real Estate Market Snapshot
Chapter 4. Global Residential Real Estate Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.9. Use/impact of AI on Residential Real Estate Market Industry Trends
4.10. Global Residential Real Estate Market Penetration & Growth Prospect Mapping (US$ Mn), 2021-2034
Chapter 5. Residential Real Estate Market Segmentation 1: By Type, Estimates & Trend Analysis
5.1. Market Share by Type, 2024 & 2034
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Type:
5.2.1. Apartments and Condominiums
5.2.2. Landed Houses and Villas
Chapter 6. Residential Real Estate Market Segmentation 5: Regional Estimates & Trend Analysis
6.1. Global Residential Real Estate Market, Regional Snapshot 2024 & 2034
6.2. North America
6.2.1. North America Residential Real Estate Market Revenue (US$ Million) Estimates
and Forecasts by Country, 2021-2034
6.2.1.1. US
6.2.1.2. Canada
6.2.2. North America Residential Real Estate Market Revenue (US$ Million) Estimates
and Forecasts by Type, 2021-2034
6.3. Europe
6.3.1. Europe Residential Real Estate Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
6.3.1.1. Germany
6.3.1.2. U.K.
6.3.1.3. France
6.3.1.4. Italy
6.3.1.5. Spain
6.3.1.6. Rest of Europe
6.3.2. Europe Residential Real Estate Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
6.4. Asia Pacific
6.4.1. Asia Pacific Residential Real Estate Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
6.4.1.1. India
6.4.1.2. China
6.4.1.3. Japan
6.4.1.4. Australia
6.4.1.5. South Korea
6.4.1.6. Hong Kong
6.4.1.7. Southeast Asia
6.4.1.8. Rest of Asia Pacific
6.4.2. Asia Pacific Residential Real Estate Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
6.5. Latin America
6.5.1. Latin America Residential Real Estate Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Residential Real Estate Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
6.6. Middle East & Africa
6.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
6.6.1.1. GCC Countries
6.6.1.2. Israel
6.6.1.3. South Africa
6.6.1.4. Rest of Middle East and Africa
6.6.2. Middle East & Africa Residential Real Estate Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
Chapter 7. Competitive Landscape
7.1. Major Mergers and Acquisitions/Strategic Alliances
7.2. Company Profiles
7.2.1. Christie International Real Estate
7.2.1.1. Business Overview
7.2.1.2. Key Product/Service Type/Product/Service Type Overview
7.2.1.3. Financial Performance
7.2.1.4. Geographical Presence
7.2.1.5. Recent Developments with Business Strategy
7.2.2. Coldwell Banker Real Estate Company
7.2.3. Al Habtoor Group
7.2.4. DLF Ltd
7.2.5. Keller Williams Realty
7.2.6. Brookfield Asset Management
7.2.7. CBRE Group, Inc.
7.2.8. AvalonBay Communities, Inc.
7.2.9. Equity Residential
7.2.10. Greystar Real Estate Partners
7.2.11. Emaar Properties
7.2.12. Greenland Holdings
7.2.13. Frasers Property
7.2.14. Harcourts International
7.2.15. Engel & Völkers
7.2.16. Vonovia SE
Residential Real Estate Market By Type-
Residential Real Estate Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
