Industry experts expect interest rates and the cost of capital to have the highest impact on the real estate market in the U.S. in 2025. On average, respondents rated interest rates and the cost of capital with a score of 4.3 on a scale from one (no importance) to 5 (great importance). Capital availability was the second-most important issue, with a score of 3.95.

In the United States, interest rates for all mortgage types started to increase in 2021. This was due to the Federal Reserve introducing a series of hikes in the federal funds rate to contain the rising inflation. In the first quarter of 2024, the 30-year fixed rate declined slightly, to 6.75 percent. Despite the cut, this was about 3.9 percentage points higher than the same quarter in 2021. Why have U.S. home sales decreased? Cheaper mortgages normally encourage consumers to buy homes, while higher borrowing costs have the opposite effect. As interest rates increased in 2022, the number of existing homes sold plummeted. Soaring house prices over the past 10 years have further affected housing affordability. Between 2013 and 2023, the median price of an existing single-family home risen by about 88 percent. On the other hand, the median weekly earnings have risen much slower. Comparing mortgage terms and rates Between 2008 and 2023, the average rate on a 15-year fixed-rate mortgage in the United States stood between 2.28 and 6.11 percent. Over the same period, a 30-year mortgage term averaged a fixed-rate of between 3.08 and 6.81 percent. Rates on 15-year loan terms are lower to encourage a quicker repayment, which helps to improve a homeowner’s equity.

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Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

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The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The 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.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

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

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

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The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% 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 Asia Pacific region holds the largest share of The market, dr

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Residential Real Estate Market Size 2024-2028

The residential real estate market size is forecast to increase by USD 482.1 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth, driven by increasing demand from a growing population and urbanization trends. This demand is further fueled by marketing initiatives from real estate developers and agents, who are leveraging digital platforms and creative campaigns to attract buyers. However, regulatory uncertainty poses a challenge to market growth, with varying regulations and policies in different regions impacting investment decisions. For companies seeking to capitalize on market opportunities, it is essential to stay informed of regulatory changes and adapt strategies accordingly. Additionally, collaboration with local experts and partnerships with regulatory bodies can help navigate complex regulatory landscapes and ensure compliance. Overall, the market presents significant opportunities for growth, but requires a strategic approach to address regulatory challenges and effectively target demand. Companies that can navigate these challenges and adapt to local market conditions will be well-positioned to succeed in this dynamic market.

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

Request Free SampleThe market continues to exhibit activity, driven by strong economic fundamentals and population growth. In nominal terms, the market size reached an all-time high in the latest fiscal year, with discerning buyers demonstrating continued interest in spacious accommodations. However, macroeconomic headwinds, such as rising interest rates and inflation, pose challenges for some potential homebuyers. Economic factors, including GDP per capita and purchasing power, remain essential support for the housing market. Despite these conditions, property launches in the luxury residential sector have shown resilience, catering to the demand for high-end living spaces. Residential construction remains a critical component of the market, with new housing units being added to meet the growing demand for homes. Overall, the market is expected to remain a significant contributor to the economy, offering opportunities for both investors and homebuyers.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Mode Of BookingSalesRental/LeaseTypeApartments and condominiumsLanded houses and villasGeographyAPACChinaJapanNorth AmericaUSEuropeGermanyUKSouth AmericaMiddle East and Africa

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 896.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 54% 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 held the largest market share in 2023 and is anticipated to continue leading the market growth during the forecast period. Key drivers of this expansion include population growth and increasing purchasing power, leading to a in demand for spacious accommodations. Rapid urbanization and economic fundamentals, such as GDP per capita, have fueled the construction of new housing units, particularly in countries like India and China. Furthermore, domestic demand and foreign homebuyers have contributed to the unsold inventory overhang, creating investment opportunities in underconstruction properties. Despite these positive indicators, challenges persist, including affordability concerns and critical input costs. In the context of the US housing market, the residential real estate sector offers investment opportunities through traditional options, such as home ownership and rental cash flow, as well as low-risk methods, like investment portfolios. Key economic factors, such as interest rates and supply metrics, impact residential property prices, which may vary in real and nominal terms. The market is also influenced by changing consumer preferences, regulatory reforms, and technological transformation, including home automation and cutting-edge strategies.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holi

House prices grew year-on-year in most states in the U.S. in the third quarter of 2024. The District of Columbia was the only exception, with a decline of three percent. The annual appreciation for single-family housing in the U.S. was 0.71 percent, while in Hawaii—the state where homes appreciated the most—the increase exceeded 10 percent. How have home prices developed in recent years? House price growth in the U.S. has been going strong for years. In 2024, the median sales price of a single-family home exceeded 413,000 U.S. dollars, up from 277,000 U.S. dollars five years ago. One of the factors driving house prices was the cost of credit. The record-low federal funds effective rate allowed mortgage lenders to set mortgage interest rates as low as 2.3 percent. With interest rates on the rise, home buying has also slowed, causing fluctuations in house prices. Why are house prices growing? Many markets in the U.S. are overheated because supply has not been able to keep up with demand. How many homes enter the housing market depends on the construction output, whereas the availability of existing homes for purchase depends on many other factors, such as the willingness of owners to sell. Furthermore, growing investor appetite in the housing sector means that prospective homebuyers have some extra competition to worry about. In certain metros, for example, the share of homes bought by investors exceeded 20 percent in 2024.

The global real estate market size was valued at USD 7,384.14 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 8,690.66 Billion by 2033, exhibiting a CAGR of 1.81% from 2025-2033. North America currently dominates the market in 2024, holding a significant market share of 33.4%. The market is experiencing steady growth driven by rapid urbanization, low interest rates, changing lifestyle trends, e-commerce growth, inflating disposable incomes of individuals, infrastructure development and improvements, remote work, demographic shifts, and favorable government policies.

IMARC Group provides an analysis of the key trends in each segment of the global real estate market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on property, business, and mode.

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Myanmar Residential Real Estate Market Size 2025-2029

The residential real estate market in Myanmar size is forecast to increase by USD 233.2 million at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, particularly in emerging markets such as Myanmar, driven by the expanding residential sector. The integration of technology in property management, including the use of smart sensors and automation, is a key trend transforming the industry. However, regulatory uncertainty remains a challenge, necessitating close monitoring of changes and their potential impact on the market.


In the construction sector, the adoption of concrete watch technology is gaining traction, enhancing the durability and quality of buildings. Real Estate Investment Trusts (REITs) continue to be a significant player In the market, offering investors stable returns. Overall, the market is poised for growth, with technology and regulatory factors shaping its trajectory.

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The market continues to evolve, shaped by various factors influencing urban areas worldwide. Essential services and infrastructure, including transportation systems and functional infrastructure, remain crucial elements driving demand for urban living. Urban sustainability and the development of new metropolises and cities are gaining momentum, with a focus on tall structures and affordable housing solutions. Economic growth and living levels are key factors influencing the market's size and direction. Despite the overall positive trend, economic headwinds and poor management in some areas can lead to imbalances In the demand-supply equation. First-time buyers face challenges in securing real estate loans due to rising mortgage rates and transactional taxes.


Central banks and governments implement measures to stabilize the market, including adjusting mortgage interest rates and promoting inexpensive housing schemes. The industrial regions' growth and the establishment of new urban areas contribute to increasing transaction volumes, with a growing emphasis on urban planning and efficient decision-making processes. However, the market's dynamics are complex, with various factors influencing property values and the homeownership rate. Informal settlements and poor management in some areas can hinder the market's growth and stability.

How is this market segmented and which is the largest segment?

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

Type

  Landed houses and villas
  Apartments and condominiums


Mode Of Booking

  Sales
  Rental/Lease


Geography

  Myanmar

By Type Insights

The landed houses and villas segment is estimated to witness significant growth during the forecast period.

The market is primarily driven by the demand for landed houses and villas. These properties, which accounted for the largest market share in 2024, offer a unique blend of community and privacy. Villas, specifically, are standalone houses with a veranda or yard, typically located in exclusive areas. They provide a sense of community while maintaining privacy, distinguishing them from flats. In contrast, landed houses are stand-alone dwellings that can be constructed on any type of land. Property tax implications, investor confidence, and housing affordability significantly impact the market. Property value fluctuations, home sellers, and housing supply also play crucial roles.

Urban planning strategies, such as sustainable housing development and urban regeneration, are essential to address affordability and urban mobility concerns. Real estate investment trends, including home renovation, property management services, and data analysis, are shaping the market. Smart home technology and urban design are also influencing housing demand. City branding, competitiveness, and resilience are key factors in urban development and planning. Infrastructure development, sustainable urbanism, and economic diversification are essential for creating smart cities and addressing urban sprawl.

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Market Dynamics

Our Market 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.

What are the key market drivers leading to the rise in the adoption of the Myanmar Residential Real Estate Market?

The growing residential sector in Myanmar is the key driver of the market. The market experiences continuous growth due to the increasing construction of various typ

House price growth slowed down in many countries worldwide in 2022 compared to the year before. Conversely, in Turkey, Vietnam, Russia, Sri Lanka, Georgia, and Mexico, house prices continued to grow. Adjusted for inflation, the annual house price increase in Turkey measured a staggering 63 percent. In the United States, on the other hand, price growth felt from 10.5 percent to 1.2 percent. In 2022, mortgage interest rates, increased overall in response to rising inflation and economic instability.

The Latin American residential real estate market, valued at $477.77 million in 2025, is projected to experience robust growth, driven by factors such as increasing urbanization, rising disposable incomes, and government initiatives promoting affordable housing. The market is segmented by property type (apartments & condominiums, landed houses & villas) and geography (Mexico, Brazil, Colombia, and Rest of Latin America). Brazil and Mexico, with their large populations and developing economies, are expected to dominate the market, contributing significantly to the Compound Annual Growth Rate (CAGR) of 8.32% projected from 2025 to 2033. Strong demand from millennials and growing tourism in key areas are also contributing factors. However, challenges remain, including economic volatility in some regions, fluctuating interest rates impacting mortgage affordability, and infrastructure limitations in certain areas. The competitive landscape includes both large national developers like Cyrela, MRV Engenharia, and Grupo Sadasi, along with international players like JLL and CBRE, creating a dynamic and evolving market. Significant growth opportunities exist within the affordable housing segment, catering to the expanding middle class. Further market expansion is anticipated through the development of sustainable and smart homes, reflecting growing environmental awareness and technological advancements. While regulatory hurdles and bureaucratic processes can present challenges, the long-term outlook for the Latin American residential real estate market remains positive, driven by the region's demographic trends and continued economic development. Strategic investments in infrastructure development and supportive government policies will be crucial in unlocking the market's full potential. Detailed analysis of specific countries within the region will reveal nuances in market performance, highlighting areas of exceptional opportunity or risk. This report provides a detailed analysis of the dynamic Residential Real Estate Market in Latin America, covering the period 2019-2033. With a base year of 2025 and a forecast period spanning 2025-2033, this in-depth study leverages historical data (2019-2024) to offer valuable insights into market trends, growth drivers, and challenges. Keywords: Latin America real estate market, residential real estate Latin America, Latin American housing market, Brazilian real estate, Mexican real estate, Colombian real estate, apartment market Latin America, condo market Latin America, real estate investment Latin America. Recent developments include: November 2023: CBRE, a prominent global consultancy and real estate services firm, unveiled its latest initiative, the Latam-Iberia platform. The platform's primary goal is to reinvigorate the real estate markets in Europe and Latin America while fostering investment ties between the two regions. By enhancing business collaborations and amplifying the visibility of real estate solutions, CBRE aims to catalyze growth in the sector., May 2023: CJ do Brasil, a subsidiary of multinational firm CJ Bio, completed its USD 57 million plant expansion in Piracicaba, 160 km from Brazil's capital. CJ Bio is renowned for its expertise in amino acid production. The expansion is projected to create 650 new job opportunities, and the investment also encompasses the establishment of residential, research, and development centers.. Key drivers for this market are: Increase in Population is Boosting the Residential Real Estate Market, Rapid Growth in Urbanization. Potential restraints include: Accelerated Increase in Construction Costs. Notable trends are: Increase in Urbanization Boosting Demand for Residential Real Estate.

Among the factors that influence mortgage interest rates are inflation, economic growth, monetary policies, the bond market, lenders' stability, and the housing market's overall conditions. The mortgage interest rate in Romania fluctuated during the period under observation, with an upward trend from the second quarter of 2017 onwards. The first quarter of 2023 reached the highest value recorded — 7.85 percent; by the third quarter of 2024, it dropped to 6.26 percent.

House Price Index YoY in the United States remained unchanged at 4.80 percent in January. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 3.7% over the five years through 2024, including an estimated slump of 2.1% in 2024 to €196.2 billion, while the average industry profit margin is forecast to reach 34.6%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. Revenue is forecast to swell at a compound annual rate of 4% over the five years through 2029 to €238.7 billion. Following a correction during 2024, housing prices are set to being recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value.

Mortgage interest rates worldwide varied greatly in 2024, from less than four percent in many European countries, to as high as 44 percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increase in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2023, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

Concept: Average interest rate from new credit operations started in the reference period, which are under regulation by the National Monetary Council (CMN) or linked to budget funds. The rate is weighted by the value of operations. Refers to special financing operations which require proof of proper use of funds, linked to medium and long term production and investments projects. Funds origins are shares of checking accounts and savings accounts and funds from governmental programs. Source: Central Bank of Brazil – Statistics Department 25497-month-average-interest-rate-of-earmarked-new-credit-operations---households---real-estate-fin 25497-month-average-interest-rate-of-earmarked-new-credit-operations---households---real-estate-fin

Brazil Loans: Real Estate Financing: Units: Commercial Building: Market Rate data was reported at 176.000 Unit in Nov 2018. This records a decrease from the previous number of 481.000 Unit for Oct 2018. Brazil Loans: Real Estate Financing: Units: Commercial Building: Market Rate data is updated monthly, averaging 923.000 Unit from Dec 2009 (Median) to Nov 2018, with 108 observations. The data reached an all-time high of 4,389.000 Unit in Feb 2014 and a record low of 143.000 Unit in Apr 2011. Brazil Loans: Real Estate Financing: Units: Commercial Building: Market Rate data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Monetary – Table BR.KAB069: Loans: Real Estate Financing: Units: by Region: Commercial Building: Market Rate. The SFH uses the following features to provide credit to citizens: the Guarantee Fund for Time of Service - FGTS (eligible users are allowed the withdraw from FGTS for payment of Real Estate financing under SFH), the current account savings and loans raised in the country or abroad for the implementation of housing projects and mortgage bonds (debt securities) issued by financial agents. Under this scheme, funding can go up to 90% of property value, and cost effective maximum (which includes all charges and expenses incidental to the credit contracted or offered to individuals) may not exceed 12% per year, including interest, fees and other charges. O SFH utiliza os seguintes recursos para fornecer crédito aos cidadãos: o Fundo de Garantia por Tempo de Serviço - FGTS (é permitido o retirar do FGTS para o pagamento de financiamento imobiliário sob SFH), a poupança em conta corrente e empréstimos captados no país ou no exterior para a implementação de projetos de habitação e obrigações hipotecárias (títulos de dívida) emitidas pelos agentes financeiros. Ao abrigo deste regime, o financiamento pode ir até 90% do valor do imóvel, e o custo máximo efetivo (que inclui todos os encargos e despesas acessórias ao crédito contratado ou oferecido a pessoas físicas) não pode exceder 12% por ano, incluindo os juros, taxas e outras encargos.

Brazil Non Performing Loans: Financial System: Households: Earmarked: Real Estate Financing: Market Rates data was reported at 1.600 % in May 2019. This records an increase from the previous number of 1.500 % for Apr 2019. Brazil Non Performing Loans: Financial System: Households: Earmarked: Real Estate Financing: Market Rates data is updated monthly, averaging 3.300 % from Mar 2011 (Median) to May 2019, with 99 observations. The data reached an all-time high of 6.700 % in May 2012 and a record low of 1.500 % in Apr 2019. Brazil Non Performing Loans: Financial System: Households: Earmarked: Real Estate Financing: Market Rates data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Monetary – Table BR.KAB009: Non Performing Loans: Financial System. Brazilian Central Bank has made changes in methodology of Financial System Credit Data in February of 2013 after 13 years following the same methodology. These changes are necessary face the expansion of credit, favored by the improvement of the indicators of employment and income, continuous and sharp reduction of the interest rates and by important institutional advances. It is essential the availability of new information, in particular, which allows more detailed monitoring of credit arrangements with targeted resources, especially real estate financing, whose dynamism has contributed to reducing the housing deficit in the country. The main change includes coverage of data on concessions, interest rates, terms and default rates that were extended to the segment of directed credit and also became necessary to further detailing the statistical framework, to enable identification of the terms most relevant as well as reduce the relative share of loans not classified - embedded in 'other receivables'. Banco Central do Brasil fez mudanças na metodologia de Dados de Crédito do Sistema Financeiro, em fevereiro de 2013 depois de 13 anos seguindo a mesma metodologia. Essas mudanças são fundamentais face a expansão do crédito, favorecido pela melhora dos indicadores de emprego e renda, redução contínua e acentuada das taxas de juro e por importantes avanços institucionais. É imprescindível a disponibilidade de novas informações, em particular, que possibilitem o acompanhamento mais detalhado das modalidades de crédito com recursos direcionados, sobretudo os financiamentos imobiliários, cujo dinamismo tem contribuído para a redução do déficit habitacional no País. A principal alteração compreende a cobertura dos dados relativos a concessões, taxas de juros, prazos e índices de inadimplência que passam a serem estendidos ao segmento de crédito direcionado e também se fez necessário aprofundar o detalhamento do arcabouço estatístico, de modo a possibilitar a identificação das modalidades mais relevantes, bem como reduzir a participação relativa das operações de crédito não classificadas – incorporadas em “outros créditos”.

Long term dataset showing the 30 year fixed rate mortgage average in the United States since 1971.

Australia real estate market size reached US$ 130 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 176 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The market is mainly driven by the rising population growth, economic stability and low interest rates on property purchase. Sustainable buildings, mixed-use developments and increased preference for online site visits and virtual tours are further contributing to the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2024-2032. Our report has categorized the market based on property, business, and mode.

Vietnam residential real estate market size is projected to exhibit a growth rate (CAGR) of 11.37% during 2024-2032. The rapid urbanization and the expanding middle-class population, continuous improvements in healthcare, tourism, and education services, and the increasing availability of lower interest rates for home loans represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type.

The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.