The value of residential real estate transactions in China increased by over one trillion U.S. dollars between 2017 and 2023 and was forecast to continue to rise until 2028. According to data by Statista Market Insights, the value of home sales amounted to 2.7 trillion U.S. dollars in 2023. By 2028, this figure was forecast to reach 3.9 trillion U.S. dollars. China isĀ one of the 20 countries with the highest value of residential real estate transactions.
Value of residential real estate transactions in China from 2017 to 2023, with a forecast until 2028
(in billion U.S. dollars)
Data provided by Statista Market Insights are estimates.
* forecast value
Definition:
Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.
Additional information:
The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (November 28, 2023). Value of residential real estate transactions in China from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 12, 2024, from https://www.statista.com/forecasts/1427246/residential-real-estate-transactions-value-china
Statista. "Value of residential real estate transactions in China from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars)." Chart. November 28, 2023. Statista. Accessed October 12, 2024. https://www.statista.com/forecasts/1427246/residential-real-estate-transactions-value-china
Statista. (2023). Value of residential real estate transactions in China from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 12, 2024. https://www.statista.com/forecasts/1427246/residential-real-estate-transactions-value-china
Statista. "Value of Residential Real Estate Transactions in China from 2017 to 2023, with a Forecast until 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Nov 2023, https://www.statista.com/forecasts/1427246/residential-real-estate-transactions-value-china
Statista, Value of residential real estate transactions in China from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1427246/residential-real-estate-transactions-value-china (last visited October 12, 2024)
Value of residential real estate transactions in China from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) [Graph], Statista, November 28, 2023. [Online]. Available: https://www.statista.com/forecasts/1427246/residential-real-estate-transactions-value-china