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.
Competitive Landscape:
Some Major Key Players In The AI- Residential Real Estate Market:
- Christie International Real Estate
- Coldwell Banker Real Estate Company
- Al Habtoor Group
- DLF Ltd
- Keller Williams Realty
- Brookfield Asset Management
- CBRE Group, Inc.
- AvalonBay Communities, Inc.
- Equity Residential
- Greystar Real Estate Partners
- Emaar Properties
- Greenland Holdings
- Frasers Property
- Harcourts International
- Engel & Völkers
- Vonovia SE
Market Segmentation:
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.
Based on the type, the condominiums and apartments segment is accounted as a major contributor to the Residential Real Estate market
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.
In the region, the North American Residential Real Estate market holds a significant revenue share
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.
Global Residential Real Estate Market Report Scope:
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Report Attribute |
Specifications |
|
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. |
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