The real estate industry is a major contributor to the global economy, with its market size estimated at $7.2 trillion in 2020 and expected to grow further over the coming years. In 2021, there were around 2.15 million active real estate licensees in the United States alone, while residential sales totaled approximately $2.52 trillion for that same year. The construction output worldwide is projected to increase by 5.7% this year as well, while house prices have grown 16.2% since Q1 of 2021 compared to last year's figures - an indication of a booming housing market across many countries globally including America itself where commercial properties are worth an estimated total of $16 trillion this year already.
Furthermore, existing home sales amounted up to 564 thousand units and newly constructed homes sold 822 thousand units within U.S borders during 2020; both numbers being indicative of how much activity has been taking place despite pandemic-related restrictions imposed on businesses all over the world throughout most part of last year too. Additionally PropTech investments are predicted reach nearly 50 billion dollars by 2028 due mainly thanks digitalization efforts made possible through technology advancements which have allowed companies operating within Real Estate sector become more efficient than ever before when it comes down managing their operations & assets alike.
On top these developments multifamily constructions starts dropped 14%, office space rental rates declined averagely by 5%, hotel transaction volume decreased almost half from what was recorded 2019 whereas coworking markets value reached 797 million dollars just past 12 months ago respectively – all effects caused directly or indirectly because COVID-19 outbreak had taken hold planet wide back then… Nevertheless crowdfunding investment into property related projects managed hit 15 point two billion dollar mark even under such circumstances proving resilience nature entire industry holds against external factors like those mentioned above can’t be underestimated either way shape form whatsoever.
Finally European Union saw average square meter price rise €2509 per unit area wise whilst number establishments dealing exclusively with renting leasing activities exceeded seven millions entities worldwide according data collected end previous calendar cycle; vacation rentals also experienced surge demand terms revenue generated reaching 113 point nine billions US Dollars forecasted period between now until 2027 finally capitalization rate American REITs stood 6 dot seven percent first quarter current fiscal term indicating positive outlook future prospects ahead us regardless any other factor might come play role influencing decision making process involved herewith regard matter discussed hereinabove conclusion drawn thereof accordingly so forth.
Real Estate Industry Statistics Overview
Residential real estate sales in the U.S. totaled approximately $2.52 trillion in 2020.
This statistic is a testament to the strength of the residential real estate market in the U.S. in 2020. It shows that despite the economic uncertainty caused by the pandemic, the real estate industry was still able to generate a significant amount of revenue. This is a positive sign for the industry and indicates that the market is still strong and resilient.
In Q1 2021, house prices in the U.S. grew by 16.2% year over year.
This statistic is a powerful indicator of the strength of the real estate industry in the U.S. It shows that the market is booming and that house prices are increasing at a rapid rate. This is great news for those looking to invest in real estate, as it suggests that the market is ripe for investment. It also indicates that the industry is healthy and that it is likely to remain so in the near future. This is an important statistic to consider when discussing the real estate industry and its current state.
In 2020, there were approximately 5.64 million existing homes and 822,000 newly constructed home sales in the United States.
This statistic is a telling indication of the state of the real estate industry in the United States. It shows that despite the economic downturn caused by the pandemic, there was still a significant amount of existing and newly constructed home sales in 2020. This suggests that the real estate industry is still a viable investment option and that there is still a healthy demand for housing. This statistic is a valuable insight into the current state of the real estate industry and provides a useful benchmark for future investments.
The global PropTech market is projected to reach $49.37 billion by 2028, growing at a CAGR of 19.1% from 2021 to 2028.
This statistic is a testament to the immense potential of the PropTech market in the real estate industry. It highlights the fact that the industry is growing at a rapid rate, with a CAGR of 19.1% from 2021 to 2028. This indicates that the real estate industry is embracing the use of technology to improve efficiency and productivity, and is likely to continue to do so in the future. This is an important statistic for anyone interested in the real estate industry, as it provides insight into the current and future trends of the industry.
Office space rental rates in the United States declined by an average of 5% in 2020.
This statistic is a telling sign of the impact the pandemic has had on the real estate industry. It highlights the fact that office space rental rates have dropped significantly in 2020, indicating a decrease in demand for office space and a shift in the way businesses are operating. This is an important statistic to consider when discussing the current state of the real estate industry and the changes it has undergone in the past year.
Global hotel transaction volume dropped by approximately 50% in 2020 due to the COVID-19 pandemic.
The staggering statistic of a 50% drop in global hotel transaction volume in 2020 due to the COVID-19 pandemic serves as a stark reminder of the immense impact the pandemic has had on the real estate industry. This statistic highlights the need for real estate professionals to remain agile and adaptive in order to weather the storm of the pandemic and its effects on the industry.
Real estate crowdfunding investment worldwide reached $15.2 billion in 2020.
This statistic is a testament to the immense growth of the real estate crowdfunding industry in 2020. It shows that despite the economic downturn caused by the pandemic, investors are still willing to put their money into real estate crowdfunding. This is a clear indication that the real estate industry is still a viable investment option and that it is likely to continue to grow in the future.
There were over 7 million real estate and rental and leasing establishments in the world in 2020.
This statistic is a testament to the sheer size and scope of the real estate industry. It highlights the fact that real estate is a major global industry, with millions of establishments around the world. This statistic is a powerful reminder of the importance of the real estate industry and its impact on the global economy.
The global vacation rental market is projected to reach $113.9 billion by 2027.
This statistic is a testament to the immense potential of the vacation rental market, indicating that it is a lucrative sector of the real estate industry. It shows that the vacation rental market is growing rapidly and is expected to continue to do so in the coming years, making it an attractive investment opportunity for those looking to break into the real estate industry.
In 2019, millennials represented the largest share of homebuyers in the U.S., at 37%.
This statistic is a telling indication of the current state of the real estate industry. It shows that millennials are increasingly becoming the driving force behind the housing market, making up the largest share of homebuyers in the U.S. This is an important insight for anyone interested in the real estate industry, as it highlights the need to understand the preferences and needs of this demographic in order to stay competitive.
Real estate investment trust (REIT) returns worldwide totaled 7.67% in 2020.
The fact that Real Estate Investment Trust (REIT) returns worldwide totaled 7.67% in 2020 is a testament to the strength of the real estate industry. This figure shows that despite the economic uncertainty caused by the pandemic, real estate investments still yielded a healthy return. This is a positive sign for investors, as it indicates that real estate remains a viable option for those looking to diversify their portfolios.
The global real estate debt market was valued at approximately $4.1 trillion in 2020.
This statistic is a testament to the sheer size and scope of the real estate debt market. It highlights the immense potential of the industry and the vast opportunities it presents for investors. It also serves as a reminder of the importance of the real estate industry in the global economy, and the need for investors to be aware of the risks and rewards associated with it.
Conclusion
The real estate industry is a dynamic and ever-evolving sector that has seen significant growth in recent years. The global market size was valued at $7.2 trillion in 2020, with the United States having around 2.15 million active real estate licensees and residential sales totaling approximately $2.52 trillion during the same year. Construction output is expected to grow by 5.7% this year, while house prices have grown 16.2% since Q1 2021 compared to last year's figures; commercial real estate markets are estimated to be worth around $16 trillion this year as well, with existing home sales reaching 564 million units and newly constructed homes selling 822 thousand units in 2020 alone globally speaking .
PropTech investments are projected to reach nearly 50 billion dollars by 2028 due to increasing demand for digital solutions within the industry; however multifamily construction starts dropped 14%, office space rental rates declined an average of 5%, hotel transaction volume decreased by half due mainly to COVID-19 restrictions worldwide , coworking spaces were valued at 797 million dollars last year, crowdfunding investment reached 15 point two billion dollars also in 2020 , European Union square meter price averaged 2509 euros per unit throughout said period ; there were over seven million establishments related directly or indirectly with Real Estate & Rental Leasing activities all across the world according their respective countries' regulations , vacation rentals will likely exceed 113 point nine billion US Dollars before 2027 ends whereas capitalization rate stood 6 point seven percent on first quarter of 2021 . Finally millennials represented 37 percent out of total number of homebuyers registered during 2019 whilst REIT returns totaled 767 percent overall from January until December 31st on same calendar date .
In conclusion it can be stated that despite some setbacks caused primarily because pandemic outbreak which affected certain sectors more than others such as hotels & tourism industries -the Real Estate Industry remains strong thanks largely its versatility when adapting new technologies along side traditional methods used through decades thus allowing investors both big corporations alike take advantage opportunities presented nowadays regardless economic conditions prevailing each country individually or regionally speaking
References
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