NEWS: Where Are We Heading in This Wild Market?

This just in! The global real estate market size was valued at $6.8 trillion in 2018, and is projected to reach $8.6 trillion by 2026, growing at a CAGR of 2.8% from 2019 to 2026.

What is causing this enormous jump? 

• Public–private partnerships
• Rise in economy
• Increase in efforts by the government for the infrastructure developments.
• Companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving (some of our favorite memories....not) social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

What's to come...

• Rise in demand for commercial buildings are expected to continue to drive the market growth in the developed regions.
• Growth in urbanization and population drives the commercial and industrial sector, which in turn is expected to propel the demand for real estate in the coming years

Stay tuned for more on the 5 year real estate forecast.