Residential Real Estate Market Set to Soar Past USD 49.96 Billion by 2031 As Revealed In New Report

Residential Real Estate Market Size, Share, Growth Analysis, By Type of property(single-family homes, apartments, condominiums, townhouses), By Price range(affordable housing, mid-range properties, and luxury homes), By Buyer demographics(age, income level, and lifestyle preferences), By Type(Overview, Low Block, Mansion, Datcha and Others), By Application(Overview, Home, and Rent), By Region – Industry Forecast 2024-2031

The global Residential Real Estate market size is expected to reach USD 49.96 billion by 2031 and exhibit a CAGR of 5.1% in the forecast period (2024−2031), according to SkyQuest’s latest research report. The population growth, urbanization, low mortgage rates, housing affordability, employment opportunities, demand for rental properties, government incentives, migration trends, digital real estate platforms, and investment opportunities fuel the market’s growth.

In the dynamic realm of Residential Real Estate from 2024 to 2031, the market encompasses a spectrum of property types, ranging from charming single-family homes, convenient apartments, stylish condominiums, and cozy townhouses to the opulent allure of luxury villas. These residences are available in various price ranges, including affordable housing options, mid-range properties, and luxurious homes. The market’s vitality is further shaped by a diverse array of buyer demographics, encompassing age, income levels, and unique lifestyle preferences. This multifaceted landscape presents a promising horizon for the real estate industry.

Download a detailed overview:

www.skyquestt.com/sample-…ate-market

According to SkyQuest’s latest global research of the Residential Real Estate market, remote work and flexible living arrangements, sustainable and energy-efficient homes, smart home technology integration, co-living and co-housing concepts, suburban migration, affordable housing initiatives, virtual property tours and sales, real estate data analytics, multi-generational living spaces, and short-term vacation rentals are the trends that aid in the market’s growth.

Browse in-depth TOC on “Residential Real Estate Market”

• Pages – 157
• Tables – 176
• Figures -79

Residential real estate is property (both land and buildings) used for housing. This contrasts commercial or industrial real estate, where land and buildings are zoned for operating a business, such as a store, office or factory.

Strategies of top companies in Residential Real Estate Market

 

Skyquest’s recently published Residential Real Estate Report provides detailed information and analysis on top companies in the Residential Real Estate Market.

 

• CBRE Group, Inc. (US)
• Jones Lang LaSalle Incorporated (US)
• New World Development Company Limited (Hong Kong)
• Longfor Group Holdings Limited (China)
• China Vanke Co., Ltd. (China)
• Evergrande Group (China)
• Mitsui Fudosan Co., Ltd. (Japan)
• Mitsui Home Co., Ltd. (Japan)
• Country Garden Holdings Company Limited (China)
• Sun Hung Kai Properties Limited (Hong Kong)
• Vanke Property (Overseas) Limited (China)
• Greenland Holdings Group (China)
• CapitaLand Limited (Singapore)
• Lendlease Corporation Limited (Australia)
• Taylor Wimpey plc (UK)
• Barratt Developments plc (UK)
• Persimmon plc (UK)
• Redrow plc (UK)
• Taylor Morrison Home Corporation (US)
• Toll Brothers, Inc. (US)

Report Scope & Segmentation:

Attributes	Details
Forecast Period	2024-2031
Market Size in 2023	33.56 Billion
2031 Value Projection	49.96 Billion
CAGR	5.1%
Segments Covered	●       Type of property single-family homes, apartments, condominiums, townhouses, and luxury villas ●       Price range affordable housing, mid-range properties, and luxury homes ●       Buyer demographics age, income level, and lifestyle preferences ●       Application Overview, house, rent and others ●       Type overview, low block, mansion, datcha and others
Regions Covered	North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)

Single-family Homes Demand to Grow Substantially in the Forecast Period

Single-family homes dominate the global online market, providing greater privacy than multi-family housing like apartments and condominiums. This privacy appeals to many buyers, including those who value their personal space.

Request Free Customization of this report:

www.skyquestt.com/speak-w…ate-market

First-time Homebuyers are the Leading Application Segment

In terms of application, first-time homebuyers are the leading segment, representing a significant demographic in the real estate market. This segment consists of individuals and families looking to purchase their first home, often young adults entering the housing market for the first time.

North America is the leading Market Due to Technological Advancements

Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. Factors such as a robust economy, urbanization, housing demand, and investor interest contribute to its significance. Cities like New York, Los Angeles, and San Francisco are known for high-value real estate markets. The suburban and affordable housing markets have gained momentum in recent years due to changing lifestyle preferences and remote work trends.

A recent report thoroughly analyzes the major players operating within the Residential Real Estate market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for Residential Real Estate.

Key Developments in Residential Real Estate Market

• In February 2024 Portland-based JPM Real Estate Services merged with Willamette Valley-based, SMI Property Management. This merger will help SMI expand its industry-leading services into the greater Portland area, while maintaining all staff and properties served by JPM.
• In March 2024, Magnum Estate proudly presented its Indonesia Investment Vision at the Magnum Estate & Congress AWARDS Press Conference held at the JW Marriott Cannes. This esteemed event, held on March 14, 2024, offered attendees an immersive experience into the rich culture of Indonesia and the captivating allure of Bali.
• In January 2024, Webuy Global Ltd., a growing e-commerce retailer specializing in groceries and travel in Southeast Asia, and Ohmyhome Ltd., a comprehensive property technology platform offering a range of services for buying, selling, renting, and managing properties in Singapore, have announced a strategic partnership. This collaboration aims to promote and sell each other’s products and services in Singapore, providing customers with a wider range of options and convenience.
• In February 2024, Peerage Capital’s effective management approach and strategic partnerships drive growth in luxury real estate investments.
• In March 2023, CBRE Group, Inc. announced the acquisition of NGKF, a leading commercial real estate services firm. The acquisition will make CBRE the largest commercial real estate services firm in the world.
• In April 2023, The Blackstone Group, a global investment firm, announced the acquisition of Invitation Homes, a leading single-family rental company. The acquisition will make Blackstone the largest owner of single-family rental homes in the United States.

View report summary and Table of Contents (TOC):

www.skyquestt.com/report/…ate-market

Key Questions Answered in Residential Real Estate Market Report

• What specific growth drivers will impact the market during the forecast period?

• Can you list the top companies in the market and explain how they have achieved their positions of influence?

• In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?

This post was originally published on this site be sure to check out more of their content.