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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.

See How Residential Real Estate Market Demand is Rising in APAC Request Free Sample

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

Zhejiang: Real Estate: Total Asset data was reported at 9,132,347.712 RMB mn in 2023. This records a decrease from the previous number of 9,283,473.820 RMB mn for 2022. Zhejiang: Real Estate: Total Asset data is updated yearly, averaging 1,881,833.230 RMB mn from Dec 1995 (Median) to 2023, with 27 observations. The data reached an all-time high of 9,283,473.820 RMB mn in 2022 and a record low of 60,041.710 RMB mn in 1995. Zhejiang: Real Estate: Total Asset data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: Zhejiang.

United States New York Stock Exchange: Index: MSCI US Real Estate Index data was reported at 232.090 NA in May 2024. This stayed constant from the previous number of 232.090 NA for Apr 2024. United States New York Stock Exchange: Index: MSCI US Real Estate Index data is updated monthly, averaging 217.340 NA from Dec 2012 (Median) to May 2024, with 138 observations. The data reached an all-time high of 333.710 NA in Dec 2021 and a record low of 159.970 NA in Aug 2013. United States New York Stock Exchange: Index: MSCI US Real Estate Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: New York Stock Exchange: MSCI: Monthly.

Korea Average: AH: Not Married: Real Estate data was reported at 100,700.000 KRW th in 2017. This records an increase from the previous number of 80,520.000 KRW th for 2016. Korea Average: AH: Not Married: Real Estate data is updated yearly, averaging 81,890.000 KRW th from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 100,700.000 KRW th in 2017 and a record low of 65,930.000 KRW th in 2010. Korea Average: AH: Not Married: Real Estate data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H079: SHFLC: Household Assets, Liabilities & Income By Marital Status of Households Head.

Japan JP: SRD: Earning per Share data was reported at 102.580 JPY in Jun 2018. This records a decrease from the previous number of 252.620 JPY for Mar 2018. Japan JP: SRD: Earning per Share data is updated quarterly, averaging 86.595 JPY from Mar 2000 (Median) to Jun 2018, with 56 observations. The data reached an all-time high of 252.620 JPY in Mar 2018 and a record low of -44.270 JPY in Mar 2001. Japan JP: SRD: Earning per Share data remains active status in CEIC and is reported by Sumitomo Realty & Development. The data is categorized under World Trend Plus’s Top Company: Property: Asia Excluding China – Table RK.AT001: Sumitomo Realty & Development Company Limited (SRD): Financial Highlights.

South Korea Median: HPL: Owner: TA: NFA: Real Estate data was reported at 310,000.000 KRW th in 2018. This records an increase from the previous number of 300,000.000 KRW th for 2017. South Korea Median: HPL: Owner: TA: NFA: Real Estate data is updated yearly, averaging 305,000.000 KRW th from Mar 2017 (Median) to 2018, with 2 observations. The data reached an all-time high of 310,000.000 KRW th in 2018 and a record low of 300,000.000 KRW th in 2017. South Korea Median: HPL: Owner: TA: NFA: Real Estate data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H081: 2017 SHFLC: Household Assets, Liabilities & Income: By The Status of Worker of Household Head.

Real Estate Investment: Hangzhou data was reported at 440,068.810 RMB mn in 2023. This records an increase from the previous number of 388,909.570 RMB mn for 2022. Real Estate Investment: Hangzhou data is updated yearly, averaging 83,043.610 RMB mn from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 440,068.810 RMB mn in 2023 and a record low of 5,727.490 RMB mn in 1996. Real Estate Investment: Hangzhou data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKE: Real Estate Investment: City.

Korea Average: AH: Owner: Real Estate data was reported at 346,860.000 KRW th in 2017. This records an increase from the previous number of 340,260.000 KRW th for 2016. Korea Average: AH: Owner: Real Estate data is updated yearly, averaging 330,045.000 KRW th from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 346,860.000 KRW th in 2017 and a record low of 308,040.000 KRW th in 2012. Korea Average: AH: Owner: Real Estate data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H081: SHFLC: Household Assets, Liabilities & Income By The Status of Worker of Household Head.

Korea Median: HPL: Owner: Real Estate data was reported at 300,000.000 KRW th in 2017. This records an increase from the previous number of 290,000.000 KRW th for 2016. Korea Median: HPL: Owner: Real Estate data is updated yearly, averaging 255,000.000 KRW th from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 300,000.000 KRW th in 2017 and a record low of 244,000.000 KRW th in 2010. Korea Median: HPL: Owner: Real Estate data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H081: SHFLC: Household Assets, Liabilities & Income By The Status of Worker of Household Head.

CN: Real Estate Investment: Jiangxi data was reported at 147,014.520 RMB mn in 2024. This records a decrease from the previous number of 158,070.000 RMB mn for 2023. CN: Real Estate Investment: Jiangxi data is updated yearly, averaging 96,962.000 RMB mn from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 252,883.100 RMB mn in 2021 and a record low of 4,237.000 RMB mn in 2000. CN: Real Estate Investment: Jiangxi data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKA: Real Estate Investment: Summary.

Korea Average: AH: Iregular Income Employee: Real Estate data was reported at 110,510.000 KRW th in 2017. This records an increase from the previous number of 98,870.000 KRW th for 2016. Korea Average: AH: Iregular Income Employee: Real Estate data is updated yearly, averaging 89,350.000 KRW th from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 110,510.000 KRW th in 2017 and a record low of 74,760.000 KRW th in 2010. Korea Average: AH: Iregular Income Employee: Real Estate data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H081: SHFLC: Household Assets, Liabilities & Income By The Status of Worker of Household Head.

China Real Estate: Total Liability data was reported at 57,127,484.830 RMB mn in 2017. This records an increase from the previous number of 48,975,032.165 RMB mn for 2016. China Real Estate: Total Liability data is updated yearly, averaging 6,547,667.170 RMB mn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 57,127,484.830 RMB mn in 2017 and a record low of 943,614.080 RMB mn in 1995. China Real Estate: Total Liability data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

Korea Average: HPL: Not Married: Real Estate data was reported at 157,600.000 KRW th in 2017. This records an increase from the previous number of 127,030.000 KRW th for 2016. Korea Average: HPL: Not Married: Real Estate data is updated yearly, averaging 127,160.000 KRW th from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 157,600.000 KRW th in 2017 and a record low of 100,780.000 KRW th in 2010. Korea Average: HPL: Not Married: Real Estate data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H079: SHFLC: Household Assets, Liabilities & Income By Marital Status of Households Head.

Shanghai: Real Estate: Total Asset data was reported at 8,088,124.187 RMB mn in 2023. This records an increase from the previous number of 7,978,863.960 RMB mn for 2022. Shanghai: Real Estate: Total Asset data is updated yearly, averaging 2,612,182.580 RMB mn from Dec 1995 (Median) to 2023, with 27 observations. The data reached an all-time high of 8,088,124.187 RMB mn in 2023 and a record low of 279,455.520 RMB mn in 1995. Shanghai: Real Estate: Total Asset data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: Shanghai.

Real Estate Inv: Year to Date: Land Transaction Amount: Shanghai data was reported at 84,023.780 RMB mn in Dec 2022. This records an increase from the previous number of 65,855.260 RMB mn for Nov 2022. Real Estate Inv: Year to Date: Land Transaction Amount: Shanghai data is updated monthly, averaging 8,077.831 RMB mn from Jan 2011 (Median) to Dec 2022, with 144 observations. The data reached an all-time high of 84,023.780 RMB mn in Dec 2022 and a record low of 0.000 RMB mn in Mar 2020. Real Estate Inv: Year to Date: Land Transaction Amount: Shanghai data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKA: Real Estate Investment: Monthly: Land Transaction: By Province.

China Real Estate: Total Asset data was reported at 72,223,601.830 RMB mn in 2017. This records an increase from the previous number of 62,573,370.234 RMB mn for 2016. China Real Estate: Total Asset data is updated yearly, averaging 8,839,799.080 RMB mn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 72,223,601.830 RMB mn in 2017 and a record low of 1,303,907.250 RMB mn in 1995. China Real Estate: Total Asset data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

Guangdong: Real Estate: Total Asset data was reported at 15,141,324.963 RMB mn in 2023. This records a decrease from the previous number of 15,224,404.491 RMB mn for 2022. Guangdong: Real Estate: Total Asset data is updated yearly, averaging 2,505,315.550 RMB mn from Dec 1995 (Median) to 2023, with 27 observations. The data reached an all-time high of 15,797,935.798 RMB mn in 2021 and a record low of 283,324.840 RMB mn in 1999. Guangdong: Real Estate: Total Asset data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: Guangdong.