In a September 2020 survey among adults in the United States, one in three Millennials who was a person of color (POC) said that they were more interested in buying a home due to the COVID-19 pandemic (35 percent). On the other hand, the share of White Non-Hispanic Millennials who were more likely to purchase a house was 21 percent. In the United States, the 2020 homeownership rate reached 65.8 percent.

In 2020, the global economy was brought to a standstill because of the coronavirus (COVID-19) pandemic. Foreign investment into commercial real estate in the United States was also affected, with 44 percent of National Association of Realtors (NAR) members reporting that travel bans having impacted their international business. Additionally, approximately 22 percent of respondents claimed that the pandemic impacted the availability of credit and lenders. The impacts of the pandemic continued to obstruct cross-border investments throughout 2021: Approximately 25 percent of respondents complained about travel bans and 14 percent - about social distancing affecting their work.

In a September 2020 survey among adults in the United States, 32 percent of Millennial parents said that the coronavirus (COVID-19) pandemic had made them more interested in purchasing a home compared with 26 percent of GenX parents.In the United States, the 2020 homeownership rate reached 65.8 percent.

In August 2020, 54 percent of respondents who became homeowners during the COVID-19 pandemic said they took advantage of the low mortgage interest rates. On the other hand, 26 percent of them said that the coronavirus pandemic didn't play any role in them becoming homeowners. The homeownership rate rose to almost 68 percent in the second quarter of 2020.

Sweden Business Survey: COVID-19 Effect: SO: Services: Real Estate (RE): Response Rate data was reported at 44.000 % in 11 Aug 2021. This records an increase from the previous number of 39.000 % for 15 Jul 2021. Sweden Business Survey: COVID-19 Effect: SO: Services: Real Estate (RE): Response Rate data is updated daily, averaging 44.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 67.000 % in 10 Feb 2021 and a record low of 13.000 % in 29 Jul 2020. Sweden Business Survey: COVID-19 Effect: SO: Services: Real Estate (RE): Response Rate data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S009: Business Survey: COVID-19 Effect: Seizing Operations (Discontinued).

In a March 2020 survey, only three percent of U.S. realtors said that COVID-19 had significantly decreased home buyer interest in their market. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Sweden Business Survey: COVID-19 Effect: Turnover: Services: Renting & Operating of Real Estate (RO): Response Rate data was reported at 58.000 % in 11 Aug 2021. This records an increase from the previous number of 55.000 % for 15 Jul 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Services: Renting & Operating of Real Estate (RO): Response Rate data is updated daily, averaging 51.000 % from May 2020 (Median) to 11 Aug 2021, with 21 observations. The data reached an all-time high of 66.000 % in 09 Dec 2020 and a record low of 34.000 % in 29 Jul 2020. Sweden Business Survey: COVID-19 Effect: Turnover: Services: Renting & Operating of Real Estate (RO): Response Rate data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S008: Business Survey: COVID-19 Effect: Turnover (Discontinued).

In April 2021, the shopper traffic volume in the U.S. physical retail sector was nearly 30 percent lower when compared to April 2019, as the retail sector was still being affected by the coronavirus (COVID-19) pandemic. In August 2021, footfall in the United States was roughly 24 percent lower compared to two years earlier.

Replication code for the analysis and figures in the paper

In a September 2020 survey among adults in the United States, over half of respondents said that their interest in buying a home had not changed due to the COVID-19 pandemic (56 percent). However, Hispanic respondents were more likely to have changed their plans (33 percent) compared to white respondents (16 percent). In the United States, the 2020 homeownership rate reached 65.8 percent.

In a survey conducted in Australia in 2020, regarding businesses that anticipated adverse impacts due to the coronavirus, 66 percent of rental, hiring and real estate service businesses stated that they expected a reduced demand for goods or services to have an adverse impact on their business. In comparison, 25 percent of rental, hiring and real estate service businesses stated that they expected an adverse impact on their business due to supply chain uncertainties.

Codebooks for analyzing property (house, condo, flat, etc.) listing data for each of the 10 select regions in the bay area megaregion of California, USA (SAN JOSE, MODESTO, FRESNO, TURLOCK, LIVINGSTON, ATWATER, MERCED, MADERA, MARIPOSA, OAKHURST) were obtained from Zillow Inc. on a monthly basis between March 2018 and May 2019 (denoted as the period before 2020) and May 2020 and September 2021 (after 2020). Combined, the total number of observations (unique listed properties) is N = 57,414. For each month, we obtained a set of unique listing identifiers (ZPID) by manually scanning across the entire Zillow.com directory for a given region and property type ("For Sale" and "Rent"). Read the enclosed document DataDryad_DataDescription_Petersen_Zillow.pdf for a description of the data and output of provided supporting code. Contact the corresponding author for the raw property-level data files, which are anonymized [property address and property identifier (ZPID) fields].

According to Cognitive Market Research, the global Real Estate Sector market size will be USD 3625.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1450.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1087.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 833.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 181.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 72.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The Commercial real estate is the fastest-growing segment, driven by economic development, urbanization, and a shift toward modern, multi-use spaces

Market Dynamics of Real Estate Sector Market

Key Drivers for Real Estate Sector Market

Urbanization and Population Growth to Boost Market Growth

Urbanization is one of the primary drivers of the real estate sector. As more people migrate from rural areas to urban centers, there is an increasing demand for both residential and commercial properties. The growth of megacities around the world has spurred significant development in infrastructure, housing, and office spaces. This trend is expected to continue as populations in cities grow, creating new opportunities for real estate developers to meet the expanding demand for housing, retail spaces, and industrial areas. Additionally, urbanization leads to an increase in disposable income, further boosting the demand for better housing options and modern amenities. For instance, in October 2021, the Reserve Bank of India (RBI) stated that the benchmark interest rate would remain at 4%, providing a substantial boost to the country's real estate sector. Low house loan interest rates are predicted to fuel housing demand and boost sales by 35-40% during the holiday season of 2021

Economic Expansion and Rising Income Levels to Drive Market Growth

The overall economic expansion in many countries is another key driver for the real estate market. As economies grow, the demand for residential, commercial, and industrial properties rises in tandem. Rising income levels also contribute to increased purchasing power, allowing more people to invest in homes and businesses. Furthermore, a strong economy often leads to higher investor confidence, attracting more capital into the real estate sector. The construction of new infrastructure projects such as highways, airports, and transport systems also fuels further demand for real estate, thereby benefiting the market.

Restraint Factor for the Real Estate Sector Market

High Construction Costs, will Limit Market Growth

One of the significant restraints in the real estate sector is the rising cost of construction materials and labor. The volatility in the prices of raw materials such as steel, cement, and timber, combined with labor shortages, leads to higher construction costs, which can delay projects and reduce profit margins. Additionally, increased costs can make property prices unaffordable for potential buyers, thus slowing the pace of development. This situation is exacerbated by global supply chain disruptions and inflationary pressures, which negatively affect the overall cost structure in real estate development. Developers must navigate these challenges while maintaining competitive pricing to ensure market viability.

Impact of Covid-19 on the Real Estate Sector Market

Covid-19 pandemic significantly impacted the real estate sector, leading to shifts in both demand and operational dynamics. During the early phases of the pandemic, lockdowns and economic uncertainties caused a slowdown in construction activities, delays in project completions, and a decline in property transactions. The residential market experienced a surge in demand for larger homes and properties in suburban areas as people ...

In a September 2020 survey among adults in the United States, many respondents said that the COVID-19 pandemic did not change their interest in buying a home. Millennials were most likely to have changed their homeownership plans: 28 percent of Millennials were more interested in buying a home due to the COVID-19 pandemic compared with nine percent of Baby Boomers.In the United States, the 2020 homeownership rate reached 65.8 percent.

In response to the 2020 COVID-19 pandemic and its anticipated effects on the residential real estate market, the Cook County Assessor will adjust residential assessments. This data can be used to replicate residential COVID adjustments. Code can be located on GitLab. See data notes for link. NOTE that the 'adjusted values' in this data will not necessarily be consistent with each individual PIN's final assessment. To get the final assessment for an individual PIN, please visit www.cookcountyassessor.com.

Chile Real Estate Market: National: Sales: Total data was reported at 3,008.000 Unit in Sep 2024. This records a decrease from the previous number of 3,153.000 Unit for Aug 2024. Chile Real Estate Market: National: Sales: Total data is updated monthly, averaging 4,748.000 Unit from Jan 2004 (Median) to Sep 2024, with 249 observations. The data reached an all-time high of 8,703.000 Unit in Aug 2015 and a record low of 2,169.000 Unit in Apr 2020. Chile Real Estate Market: National: Sales: Total data remains active status in CEIC and is reported by Chilean Construction Chamber. The data is categorized under Global Database’s Chile – Table CL.EB001: Real Estate Market: Supply and Sales. [COVID-19-IMPACT]

La Rioja was the Spanish region where the pandemic impact on real estate prices was higher compared to the previous year, with a decrease of almost 16% in the last quarter of 2020. The only place in Spain where there was an increase in comparison with the pre-pandemic data was in the autonomous city of Melilla.

Key information about Russia Gold Production

• Russia Real Residential Property Price Index was reported at 71.348 2010=100 in Sep 2024.
• This records a decrease from the previous number of 72.130 2010=100 for Jun 2024.
• Russia Real Residential Property Price Index data is updated quarterly, averaging 65.220 2010=100 from Mar 2001 to Sep 2024, with 95 observations.
• The data reached an all-time high of 113.140 2010=100 in Sep 2008 and a record low of 34.944 2010=100 in Mar 2001.
• Russia Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

The Brazil Residential Real Estate Market Report is Segmented by Property Type (Villas & Landed Houses, Apartments & Condominiums), by Price Band (Affordable Housing, Mid-Market, and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build), and More), and by Key Cities (São Paulo, Brasília, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Transactions in the residential real estate sector in Italy have fluctuated since 2005. In the years following the financial crisis (2007 to 2013), the number of transactions in the sector decreased steadily year-on-year. The most significant drop was registered in 2012, when transactions decreased by 25.6 percent compared to the previous year. Starting 2014, the trend began improving and the number of transactions increased steadily. In particular, in 2016, an increase of 18.6 percent was reported. In 2020, under the effects of the coronavirus (COVID-19) pandemic, transactions fell for the firsat time since 2013, by 7.7 percent. 2021 saw the most significant increase since 2005 of 34 percent.