Published on 9 Feb 2023 on Insider Monkey via Yahoo Finance
20 Most Valuable Real Estate Companies in the World
In this article, we will discuss the 20 Most Valuable Real Estate Companies in the World. You can skip our industry overview and go directly to the 5 Most Valuable Real Estate Companies in the World.
The global real estate industry involves the buying, selling, and management of properties such as residential homes, commercial buildings, and industrial spaces. It is a complex and diverse industry that includes a wide range of participants, including real estate agents and brokers, property developers, landlords and property managers, real estate investment trusts (REITs), and financial institutions. As is true for most other industries, the world of real estate is prone to influence by a number of factors, including economic conditions, demographic trends, government policies, and technological advancements. Following a pandemic-fueled course correction, the global real estate industry faces transformational shifts in how buildings will be used, valued, and transacted in 2023 and beyond. This is evidenced by Deloitte's 2023 Commercial Real Estate Outlook, which revealed that only 40% of global real estate chief financial officers (CFOs) expected to finish 2022 with higher revenues than last year, and 33% anticipated cuts to expenses, citing sustained high inflation, workforce management, and cyber as the top risks to financial performance.
According to a report by GrandViewResearch, the global real estate market size was valued at $3.69 trillion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. The market is expected to grow at a healthy pace during the forecast period, owing to the rising population and a desire for personal household space. As of 2021, the commercial real estate space was estimated to be the most important element driving industry expansion. Additionally, in terms of revenue, rental real estate types dominated the market with a share of 52.1% in 2021. This is attributable to rising home prices in developed countries, owing to which there is a rise in the number of renters, favoring the segment growth.