Residential Real Estate Market is Expected to Reach USD 1402.1 billion at a CAGR of 25.20% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the Global Residential Real Estate Market that contains information from 2018 to 2032. The Residential Real Estate market is estimated to register a CAGR of 25.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Residential Real Estate market— Savills Plc, Arabtec Holding, Sun Hung Kai Properties Limited, Coldwell Banker Real Estate LLC, Raubex Group Limited, IJM Corporation Berhad, Hochtief Corporation, Sotheby's International Realty Affiliates LLC, Christie’s International Real Estate, Lennar Corporation.

Market Highlights

The global Residential Real Estate market is accounted to register a CAGR of 25.20% during the forecast period and is estimated to reach USD 1402.1 billion by 2032.

The residential real estate market is characterized by dynamic growth, driven by factors such as increasing urbanization, demographic trends, low-interest rates, and a growing preference for homeownership. Robust demand for housing, fueled by population growth and migration to urban centers, contributes to the market's expansion, with a focus on affordable housing and sustainable development. Ongoing advancements in technology, such as virtual tours and online platforms, are reshaping the real estate buying experience.

Segment Analysis

The global Residential Real Estate market has been segmented based on type and size.

On the basis of type, the market is segmented into Apartments, Condominiums, Landed Houses and Villas. The apartments segment was attributed to holding the largest market share in 2022, due to their inherent versatility and appeal to a wide demographic.

Based on size, the global Residential Real Estate market has been segmented into Less Than 50 Sq M, 51 to 80 Sq M, 81 to 110 Sq M, 111 to 200 Sq M and More Than 200 Sq M. The 81 to 110 Sq M segment was expected to hold the largest market share in 2022, due to its appeal to a broad spectrum of buyers.

Regional Analysis

The global Residential Real Estate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Residential Real Estate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Residential Real Estate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Residential Real Estate market comprises of Middle East, Africa, and Latin America.

The largest market share for Residential Real Estate was maintained by the North American regional sector. This increase is attributed to robust economic conditions, population growth, low-interest rates, and demographic trends. Favorable economic conditions contribute to job growth and higher incomes, encouraging individuals and families to pursue homeownership. Population growth, both through natural increases and migration, increases the demand for housing, driving real estate activity. Low-interest rates make mortgages more affordable, further incentivizing homebuying.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Residential Real Estate is driven by population growth, urbanization, economic stability, and low-interest rates. Increasing urbanization and a growing population, coupled with migration trends, contribute to the demand for housing in urban areas.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to rapid urbanization, population growth, rising income levels, and a burgeoning middle class. Economic development in many countries within the region has led to increased demand for housing, both in terms of homeownership and rental properties. Favorable demographics, such as a young and growing population, contribute to the sustained demand for residential real estate.

Furthermore, the rest of the world's Residential Real Estate market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's population growth, urbanization trends, and government initiatives promoting housing development to meet the rising demand for homes in the region.

Key Findings of the Study

• The global Residential Real Estate market is expected to reach USD 1402.1 billion by 2032, at a CAGR of 25.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the rapid urbanization, population growth, and increasing disposable incomes, stimulating demand for housing and driving property development across the region.


• Based on type, the apartment segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Savills Plc, Arabtec Holding, Sun Hung Kai Properties Limited, Coldwell Banker Real Estate LLC, Raubex Group Limited, IJM Corporation Berhad, Hochtief Corporation, Sotheby's International Realty Affiliates LLC, Christie’s International Real Estate, Lennar Corporation.

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