Chinese buyers comprise one of the largest groups of foreign buyers of residential property in the United States. In 2017, a record number of residential properties were bought by Chinese nationals, but since then, both the sales volume and percentage of all foreign-bought properties has declined. In 2025, Chinese buyers were responsible for ** percent of all sales to foreigners. Who is the biggest buyer of U.S. residential property? During the coronavirus pandemic, buyers from Canadian and Mexican origin dominated international transactions. In 2025 Chinese nationals were the largest buyers of U.S. residential property. They were also responsible for the largest share of the aggregate value of properties purchased. On average, Chinese bought properties were also substantially more expensive than the ones purchased by other buyer groups, such as Canadians. How has the market developed? The total property sales to foreign buyers peaked at *** U.S. dollars in 2017, followed by a period of declining transaction value. The coronavirus pandemic has significantly contributed to cross-border transactions remaining subdued. In 2024, the value of property sales to foreigners was the lowest observed since recording began.

Despite the increasing globalization of housing markets, little is known about its political implications. This study investigates whether rising Chinese investments in US homes influenced local voting in recent US presidential elections. Building on pocketbook/sociotropic voting and nativism theories, I develop hypotheses on the electoral consequences of foreign real estate investment through greater home demand and equity, improved local economies, and changing neighborhoods. Using difference-in-differences designs that combine a unique shock to Chinese capital outflows in 2013 with county-level measures of local attractiveness to Chinese investments, I find that greater exposure reduced Democratic vote shares in both the 2016 and 2020 presidential elections. Furthermore, an initially larger white population strengthened this effect, while a larger college-educated population weakened it. In contrast, local equity gains, housing competition, or economic strength did not systematically influence the effect. Together, the results appear more consistent with the pro-conservative effects of nativism.

On the 2025 Fortune China 500 ranking for real estate companies, China’s leading real estate developer Poly Real Estate ranked first with a total revenue of ************ U.S. dollars, followed by China Vanke and Country Garden. Real estate market in ChinaIn the last 20 years, China’s real estate market has experienced its most prosperous development. Land purchase has also become an important source of financial revenue for many local governments. The housing price increased so rapidly, especially in larger cities, that the government had to take measures to restrict investment. With the slowdown of China’s economic development and gradually saturated market, people are also afraid of the burst of the real estate bubble. While the real estate price in smaller cities tended to stay stable or even decrease, there is still growing potential for real estate prices in larger cities, especially the first-tier cities. China’s consumers are increasingly interested in the high-quality real estate products built by leading real estate developers. Leading real estate developers in ChinaCompared to the ranking in 2021, there were ***** new members entering the leading ten real estate developer club in 2022. The larger developers became stronger as they had advantages in land acquisitions, financing, marketing and pricing power which is difficult for smaller developers to catch up with. Thus, consolidation is also very common among China’s real estate developers. In 2022, *** real estate giants disappeared from the Fortune 500 ranking list, Evergrande and Sunac. Affected by the changing real estate market, they were facing cash flow problems and were affected heavily by the debt crisis.

In 2025, Canadians made up the second-largest share of major foreign buyers of property in the United States, following Chinese buyers. In that year, ** percent of residential properties were purchased by Canadians buyers and ** percent by Chinese buyers. That amounted to an aggregate value of **** billion U.S. dollars of housing sales to Chinese buyers.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is valued to increase USD 485.2 billion, at a CAGR of 4.5% from 2024 to 2029. Growing residential sector globally will drive the residential real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 55% growth during the forecast period.
By Mode Of Booking - Sales segment was valued at USD 926.50 billion in 2023
By Type - Apartments and condominiums segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.01 billion
Market Future Opportunities: USD 485.20 billion
CAGR : 4.5%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and ever-evolving sector that continues to shape the global economy. With increasing marketing initiatives and the growing residential sector globally, the market presents significant opportunities for growth. However, regulatory uncertainty looms large, posing challenges for stakeholders. According to recent reports, technology adoption in residential real estate has surged, with virtual tours and digital listings becoming increasingly popular. In fact, over 40% of homebuyers in the US prefer virtual property viewings. Core technologies such as artificial intelligence and blockchain are revolutionizing the industry, offering enhanced customer experiences and streamlined processes.
Despite these advancements, regulatory compliance remains a major concern, with varying regulations across regions adding complexity to market operations. The market is a complex and intriguing space, with ongoing activities and evolving patterns shaping its future trajectory.

What will be the Size of the Residential Real Estate Market during the forecast period?

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How is the Residential Real Estate Market Segmented and what are the key trends of market segmentation?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period.

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The Sales segment was valued at USD 926.50 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 55% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia Pacific (APAC) region holds a significant share and is projected to lead the global market growth. Factors fueling this expansion include the region's rapid urbanization and increasing consumer spending power. Notably, residential and commercial projects in countries like India and China are experiencing robust development. The residential real estate sector in China plays a pivotal role in the economy and serves as a major growth driver for the market.

With these trends continuing, the APAC the market is poised for continued expansion during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

In the Residential Real Estate Market, understanding the impact property tax rates home values and effect interest rates mortgage affordability is essential for buyers and investors. Key factors affecting home price appreciation and factors influencing housing affordability shape market trends, while the importance property due diligence process and requirements environmental site assessment ensure informed decisions. Investors benefit from methods calculating rental property roi, process home equity loan application, and benefits real estate portfolio diversification. Tools like property management software efficiency and techniques effective property marketing help tackle challenges managing rental properties. Additionally, strategies successf

This statistic shows the volume of cross-border capital invested in commercial real estate in the United States from the third quarter of 2017 to the second quarter of 2018, by country. In that period, *** billion U.S. dollars was invested in commercial real estate in the United States by Chinese investors.

This statistic shows the volume of commercial real estate investments made by investors from China and Hong Kong in the United States from 2011 to 2017. In 2017, the Chinese/Hong Kongese invested *** billion U.S. dollars into CRE in the United States.

Alibaba has had a bad week when it was revealed that it will donate $15 Billion to ‘common prosperity’, really this just means that it will contribute more to development projects, which is already does as evidenced by its massive financing of startups already. Secondly, the breakup and re-organization of Ant Group, where it will still have a sizeable share. In both cases it’s likely to profit from the moves. Thirdly, $15 billion isn’t that much for Alibaba’s core revenue and growth in the Cloud and in Ads. So let’s get down to it with some of the facts. Ant Group is massive: According to the most recent numbers, Alipay has over 1.2 billion users overall, while its credit card platform Huabei had 190 million users, and its installment loan product Jiebei had 500 million users. Reported in June, the new lending company will be called Chongqing Ant Consumer Finance Co. It will be 50% owned by Alipay, with the other 50% coming from other companies, including some state-owned banks. The new company will also be liable for up to 30% of the loans it issues, which means the new company will need to hold more capital on its balance sheet, and will likely get a much lower valuation in the marketplace. This is all quite far and reasonable although Ant Group will have to hand over the precious data to the State. Not a big deal. That was bound to occur. Alibaba’s current market cap is just over $422 Billion, which makes no sense, that is, it’s currently undervalued. The P/E is now 18.77 that is very reasonable. Remember this company has income of nearly $23 Billion. At the end of August, the company pledged to donate $15.5 billion to China’s ‘Common Prosperity’ initiative . The money will be paid out over five years to support various technology and small business initiatives. It’s unclear at this stage whether Alibaba will receive any equity in return for the donations. It’s highly likely the donations won’t be fully without Alibaba profiting. China isn’t crazy, it just wants to spread the wealth around a bit better. So which other Chinese stocks appear very undervalued? $VIPS $BEKE $MOMO $YINN (as a long-term play) Do your own due diligence if you don’t believe me. If there is a correction of Western equities in October, 2021 or later before 2022, those are stock names I’d take a closer look at. While Alibaba is a huge company its growth in the Cloud and Ads should be able to absorb its serious setback. $15.5 billion is a lot of money, even for a company of Alibaba’s size. This sum is also in addition to a $2.75b fine imposed by China’s anti-monopoly regulator, which has already been paid. However it doesn’t justify the stock going much below $150, unless there is a strong push from short squeeze effort from other big investors. Chinese stocks will continue to go down as the sentiment and regulation puts a lot of uncertainty for their future in the West. However those companies are not drastically impacted from a business perspective. Alipay will likely also have to spin off its credit-scoring wing into a new joint venture that will also share with state-owned entities. Reuters has reported that Alipay will only retain a 35% stake in the new joint venture. So even in the shut-down of Ant Group as we knew it, Alibaba retains quite a sizeable portion of the businesses. Additionally BAT companies keep investing in very legit startups that will do incredibly well in the years ahead as China’s economy keeps maturing even with various bumps and dips on the macro landscape. While Western stocks are in a massive equity bubble, since a bull-market since 2009, Chinese stocks are nearing fair value. Alibaba has led investments worth more than $300 million into Chinese autonomous driving start-up DeepRoute.ai recently, for the most part its business as usual. Chinese regulation is actually good for its own particular version of state augmented capitalism. It can no longer tolerate monopolies abusing their position. On the operating side, things are looking good for BABA, as it continues to deliver sizeable business growth in its core business as well as in other areas, such as cloud computing. It’s cloud computing segment itself as a huge runway for growth with limited competition from Baidu, Huawei, Tencent and so forth. It’s the AWS of China for sure. Alibaba only owns 33% of Alipay, so the growth headwinds at Alipay aren’t likely to warrant Alibaba’s 50% haircut. Alibaba’s own investments are maturing, and ChinaTech is just beginning their global play with ByteDance, Xioami, JD.com and others. Alibaba’s moat is stronger in China than Amazon’s is in the U.S., which is saying a lot. Legitimate growth from JD.com and Pinduoduo keep Alibaba innovative. When you look at the E-commerce growth of $VIPS you begin to understand just how many winners can fit in China’s massive ecosystem of consumers. The exodus from Chinese stocks won’t last forever as as a whole those companies will grow faster than their American peers, who are concentrated in too few names. The U.S. will likely be 10-15 years late in its own common prosperity and antitrust regulation fixes to a broken Pyramid of U.S. capitalism. Few actually understand this and how the move is inevitable. So China is regulating technology is a superior way, not just building more innovative companies better, faster and with more of them. The EV sector in China is the perfect example. While the U.S. has about a dozen okay EV efforts, with Rivian and Lucid perhaps the most shiny among them, China has around 30x to 50x as many. China’s electric car sector is seeing rapid growth, with tens of thousands of companies jumping on the bandwagon and shares of Chinese electric car makers such as Nio and Xpeng surge, according to business database Qichacha. Alibaba is the most diversified Chinese company, and with State intervention it can only get stronger in the end, not weaker. When you do the math it should be a $1 trillion dollar company again by 2023 in terms of market cap. Right now it’s likely around at least 20% undervalued. Regulation in China is good, not bad. Antitrust, consumer protections and investor confidence will gain higher as more Billionaires understand that the common good is what’s important in China, not their personal wallets. The real-estate, technology, education and many other spaces will slowly be cleaned up. China’s long-term vision of innovation and economic superiority is rooted in master plans with layers and 5-year plans the likes of which make the U.S. corporate monopolies that aren’t regulated look like tyrants of an old outdated version of capitalism. Alibaba is not there for Jack Ma to be a celebrity but for China to improve itself economically for the benefit of all of its consumers. With Beijing as the hub and on the board rooms of these companies, China’s astounding growth can work in a cohesive harmony that won’t be possible in any other country. ByteDance, Alibaba, JD.com and others will be huge winners in the New China capitalism with state intervention.

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Private Equity Market Size 2025-2029

The private equity market size is forecast to increase by USD 885.7 billion at a CAGR of 9.5% between 2024 and 2029.

The private equity and venture capital investment landscape is experiencing significant growth, driven by an increase in deal volumes and the rising number of high-net-worth individuals (HNWIs) worldwide. This trend is fueled by the attractive returns offered by private equity and venture capital investments, which have become a popular asset class for wealth management portfolios. However, this market is not without challenges. Transaction risks, such as regulatory changes and foreign exchange fluctuations, can pose significant hurdles for investors. Additionally, there is a growing demand for impact investing, particularly in sectors like renewable energy, as investors seek to align their financial goals with social and environmental objectives.
Navigating these trends and challenges requires a deep understanding of market dynamics and a strategic approach to investment opportunities. This market trends and analysis report delves deeper into these topics, providing valuable insights for professionals seeking to maximize their private equity investments.

What will be the Size of the Private Equity Market during the forecast period?

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The markets continue to evolve, with investment strategies becoming increasingly data-driven and sophisticated. Investor returns remain a key focus, with growth stage investing and innovation hubs driving value creation. Risk management is crucial in this industry, with deal origination and fundraising strategies carefully considered. Management fees and capital calls are essential components of the fund lifecycle, while deal closing and post-investment management ensure optimal portfolio performance. Cryptocurrency investments represent an emerging trend, with digital assets joining traditional assets in investment portfolios. Impact measurement and regulatory compliance are also critical, as private equity firms strive for transparency and customer experience.
ESG integration and industry consolidation are shaping the venture capital ecosystem, with secondary market sales providing liquidity for investors. Fund size and investment strategies vary, with some focusing on start-ups and emerging technologies. Technology adoption is a significant factor in fund performance, with customer acquisition and retention key to long-term success. Fund returns are closely monitored, with performance fees incentivizing top-performing funds. In the global private equity landscape, fundraising strategies and industry trends continue to evolve. Regulatory compliance and customer experience are paramount, with digital assets investment and ESG integration shaping the future of the industry.
Private equity sales and industry consolidation are ongoing, with post-investment management and portfolio optimization crucial to maximizing returns.

How is this Private Equity Industry segmented?

The private equity industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Privately held companies
  Start-up companies


Application

  Leveraged buyouts
  Venture capital
  Equity investment
  Enterpreneurship


Investments

  Large Cap
  Upper Middle Market
  Lower Middle Market
  Real Estate
  Large Cap
  Upper Middle Market
  Lower Middle Market
  Real Estate


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa



  APAC

    Australia
    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The privately held companies segment is estimated to witness significant growth during the forecast period.

In the realm of investment, private equity portfolios play a significant role in the additive manufacturing market. These portfolios encompass various investment vehicles, such as buyout funds, growth equity funds, strategic investments, and late-stage funding. Each type caters to different growth stages of companies in the sector. Buyout funds focus on acquiring controlling stakes in mature companies, often facilitating digital transformation and operational improvements. Growth equity funds, on the other hand, invest in companies with proven business models, aiming to fuel their expansion through capital infusion and industry expertise. Strategic investments are made by firms seeking to gain a foothold in a new market or expand their existing presence.

Legal frameworks and regulatory landscapes play a crucial role in shaping the market dynamics. Alternative investments, such as distressed debt funds and private debt, provide opportunities

Mount Baker Station Associates LLC (MBSA) is undertaking the construction of an apartment complex in Seattle, Washington, the US.The project involves the construction of an apartment complex comprising 301 units in two buildings on 0.6ha of land. It includes the construction of a seven-story building, an eight-story building, community space, a fitness center, 221 parking spaces and related facilities.Morgan Design Group LLC has been appointed as Architect and Osborne Construction Company as general contractor, Indigo Real Estate Services for property management, On June 27, 2017, MBSA held a groundbreaking ceremony on the project site.In January 2018, MBSA secured US$76 million 221(d)(4) loan arranged by CBRE Group from the Department of Housing and Urban Development (DHUD). Equity investment of US$500,000 provided by local investors paired with EB-5 investment from foreign private investors mostly from Chinese investors.Construction activities are underway and scheduled for completion in the second quarter 2019. Read More

This statistic shows the volume of commercial properties bought in the United States from the third quarter of 2017 to the second quarter of 2018, by investor country. In that period, Chinese buyers bought *** commercial properties in the United States.

KAV 5666 First signed 12/16/1999 Last signed 12/16/1999 Entry into force (supplemented by last signed) 12/16/1999 stamped 00-16 C06536754 cover memo

In 2023, real estate developers in China invested ***** billion yuan in office buildings, a drop of around ** billion yuan compared to the previous year. A broader economic shift from a manufacturing-based economy to a service-based economy in recent years has increased the demand for office space in China. This trend was especially apparent in large cities. Cost saving through working from home The outbreak and spread of COVID-19 in early 2020 impacted nearly every industry and significantly altered the way people live and work. During the strict lockdown in China many employees worked from home, prompting many employees and employers to question whether this work model would continue after the lockdown was lifted. Since expenditure for offices accounts for a significant share of a companies fixed costs, omitting or limiting the need for office space could be a viable method to improve a business’ bottom line. V-shaped demand recovery Looking at the office real estate deals completed in 2020, the demand for office space appeared to be robust. China, with its swift and strict lockdown policy in combination with heavy cross border travelling restrictions, was able to contain the national spread of the virus. As a result, the impact on the economy was relatively limited which protected the office real estate industry to some extent. Major transactions were completed, including, Singapore’s sovereign wealth fund’s acquisition of the LG Twin Towers in Beijing for **** billion U.S. dollars and the purchase of the Gopher Center in Shanghai for *** million U.S. dollars by the Chinese insurance giant Ping An. This observation led many experts to conclude that China’s real estate industry was in the process of a V-shaped recovery.

Citizenship by Investment Services Market Outlook

According to our latest research, the global citizenship by investment services market size reached USD 6.1 billion in 2024, reflecting a robust demand for alternative citizenship solutions worldwide. The market is projected to expand at a CAGR of 8.7% from 2025 to 2033, reaching an estimated USD 12.3 billion by 2033. This growth is primarily fueled by increasing geopolitical uncertainties, evolving global mobility needs, and the growing appeal of investment migration among high net worth individuals (HNWIs) and affluent families. The market’s expansion is also supported by governments’ willingness to attract foreign direct investment and diversify their economies through structured citizenship programs.

A key growth factor for the citizenship by investment services market is the rising demand for global mobility and access to secure, stable jurisdictions. Increasing political instability, economic volatility, and restrictive visa regimes in several regions have driven individuals and families to seek alternative citizenships that offer enhanced travel freedom, better healthcare, and improved educational opportunities. Investors are also motivated by the ability to secure a safe haven for their assets and families, particularly in the face of unpredictable regulatory changes or civil unrest in their home countries. This demand is especially pronounced among HNWIs from emerging markets in Asia, the Middle East, and Africa, who view citizenship by investment as a strategic tool for wealth preservation and risk mitigation.

Another significant driver is the proactive stance of governments in launching and marketing citizenship by investment (CBI) and residency by investment (RBI) programs. Countries in the Caribbean, Europe, and the South Pacific have capitalized on the opportunity to attract foreign capital by offering attractive citizenship programs that require investments in real estate, government bonds, or national development funds. These programs are often designed to stimulate economic development, create employment opportunities, and fund public infrastructure projects. The competitive landscape among host countries has led to the continuous refinement of application processes, reduction of processing times, and enhancement of program transparency, further boosting investor confidence and participation in the market.

Technological advancements and the digitalization of application processes have also played a pivotal role in market growth. The integration of online platforms, digital identity verification, and secure document management systems has streamlined the due diligence and application process, making it more accessible for clients worldwide. This has not only improved user experience but has also enabled service providers to expand their reach across geographies. The rise of specialized wealth management firms, legal advisory firms, and immigration consultants offering tailored CBI solutions has further contributed to market expansion, as clients increasingly seek professional guidance to navigate complex regulatory landscapes and optimize their investment strategies.

Regionally, Europe and the Caribbean have maintained their dominance in the citizenship by investment services market, accounting for a significant share of global revenues in 2024. European programs, particularly those in Malta, Cyprus, and Portugal, are highly sought after due to their access to the European Union, while Caribbean nations such as St. Kitts and Nevis, Antigua and Barbuda, and Dominica offer cost-effective and efficient pathways to citizenship. The Asia Pacific region is emerging as a high-growth market, driven by increasing demand from Chinese, Indian, and Southeast Asian investors. North America, while less prominent in program offerings, remains a key market for outbound investment migration services, with a growing number of U.S. and Canadian citizens exploring alternative citizenships for tax planning and lifestyle reasons.

Service Type Analysis

The service type segment of the citizenship by investment services market is highly diversified, with real estate investment, government bonds investment, business investment, donation/charity, and other niche services each catering to distinct investor profiles. Real estate investment remains the most preferred pathway, accounting for over 45% of the total market share in 2024. This is largel

According to Milward Brown's BrandZ China Top 100 ranking in 2020, Evergrande Real Estate was the most valuable real estate brand in China, with an estimated brand value of 6.9 billion U.S. dollars. In spite of the tighter credit policies from the government, most of the leading developers achieved a positive growth in their brand values in 2020.

Between 2006 and 2023, China invested around ***** billion U.S. dollars in the Australian mining and energy sector. In second place came the commercial real estate sector with an investment of ***** billion U.S dollars.

In 2019, the collective brand value of Chinese real estate companies amounted to ***** billion U.S. dollars. Chinese brands dominated the top 25 global real estate brand ranking and accounted for **** percent of the total brand value among the top global brands.

This statistic displays the value of investment by overseas Chinese in Taiwan as of 2018, by industry. As of that year, the value of investment from overseas Chinese within the finance, insurance and real estate industry in Taiwan totaled approximately **** billion U.S. dollars.

In November 2023, Jones Lang LaSalle Inc, headquartered in Chicago, U.S. was the biggest real estate investor and developer trading on the European stock exchange, by number of employees. The company employed approximately *** thousand people as per the latest data. For comparison, the Chinese-headquartered company Country Garden Holdings Co Ltd, which was in second place, had over ** thousand employees. Almost all of the companies in the ranking were listed in Germany.