T
he global real estate market is projected to reach $4.7 trillion by 2030, growing at a CAGR of 3.3% from 2023 to 2030. The US market was valued at $1.1 trillion in 2023, while China is forecasted to grow at an impressive 5.1% CAGR to reach $817.7 billion by 2030.

    Technological innovations are transforming the real estate industry, with PropTech enabling data analytics, virtual tours, and AI-driven platforms for more personalized services. Virtual reality (VR) and augmented reality (AR) technologies revolutionize property viewing, while smart building technologies improve energy efficiency and security in commercial and residential properties.

    Key trends shaping the real estate sector include urbanization, demand for sustainable and energy-efficient properties, and remote work driving co-working spaces and smart office solutions. The growth in the real estate market is driven by rising urbanization, population growth, and technological advancements in PropTech.

    The report provides comprehensive market data, in-depth regional analysis, company profiles, and complimentary updates on key players such as American Tower, Aston Pearl Real Estate, AvalonBay Communities, and more. Key attributes include 357 pages of forecast period from 2023-2030, estimated market value of $3.8 trillion in 2023, and forecasted market value of $4.7 trillion by 2030.

    Market trends and drivers include rising demand for affordable housing due to urbanization and population growth, increasing focus on sustainability and green building practices, technological advancements in real estate platforms and property management solutions, and growing use of big data and AI for real estate market analysis and pricing.