Residential Real Estate

Whether owned or a rental, having the right home is more than just a necessity. For many, buying a home is an important milestone in life and a way to build equity over time. In a household’s portfolio, housing is often the most valuable asset. The housing sector concentrates a significant portion of global wealth. Though the residential real estate market differs widely in different countries and regions worldwide, since the coronavirus pandemic, there has been an overall trend of growing house prices. This trend has also affected rental housing and has increased the popularity of residential real estate among investors. Multifamily real estate, also known as build to rent housing, has become one of the biggest investment asset classes. Renting is very popular in certain countries and cities. For many, the reason they rent is because of affordability and job security. Though this might be the case, renting is often a lifestyle choice that allows more flexibility.

Median sales price of a luxury condo in Manhattan, NY
10.23m USD
Number of condos sold in Japan
70.7k
House price-to-rent ratio in the UK
112.7

Market size

House sales in the United States slow down after a record-breaking year

Number of new house sales in the United States from 2000 to 2021, by financing type (in 1,000s)

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Further details: Visit original statistic Number of new house sales in the United States from 2000 to 2021, by financing type (in 1,000s)

Employment security, the cost of borrowing, and the availability of homes for sale are some of the major factors that boost or slow down the growth of the housing market. During the coronavirus pandemic, many aspiring homeowners in the U.S. and around the world capitalized on the record-low mortgage rates and bought a home, leading to a spike in residential real estate transactions in 2020. As mortgage rates rise due to inflation and lower inventory, the market has shown signs of cooling down.

U.S. housing market
Global housing market
UK housing market

Market segments

How much does an apartment cost in some of Europe’s biggest cities?

Average cost of an apartment in Europe in the 1st quarter 2021 and 1st quarter 2022, by city (in euros per square meter)

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Further details: Visit original statistic Average cost of an apartment in Europe in the 1st quarter 2021 and 1st quarter 2022, by city (in euros per square meter)

Owning an apartment in some of Europe’s biggest and most prosperous cities can get expensive. While the availability is limited, perpetual demand drives prices up. Buying a 75 square meter apartment in London could cost up to 14,000 euros per square meter – approximately twice as much as in Copenhagen and five times as much as in Warsaw.

Global luxury home market
U.S. single family homes
U.S. apartments

Industry trends

One-fourth of U.S. Millennials expect to always rent

Share of Millennial renters who expect to always rent in the United States from 2018 to 2022

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Further details: Visit original statistic Share of Millennial renters who expect to always rent in the United States from 2018 to 2022

Though homeownership has been traditionally seen as a cornerstone of the American Dream, Millennials are more hesitant when it comes to buying a home compared to older generations. Since 2018, the share of Millennials who expect to always rent has gradually increased. One of the major factors contributing to this trend is that homes have become substantially less affordable in recent years, meaning that many Americans have given up on homeownership.

U.S. senior housing
Co-living real estate in the UK
Coronavirus (COVID-19) impact on real estate in the U.S.

Market leaders

Canada’s largest REIT specializes in residential real estate residential properties

Leading real estate investment trusts (REITs) in Canada in 2022, by market capitalization (in billion Canadian dollars)

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Further details: Visit original statistic Leading real estate investment trusts (REITs) in Canada in 2022, by market capitalization (in billion Canadian dollars)

One of the ways to invest in real estate is through Real Estate Investment Trusts (REITs). REITs are public companies that own and lease income generating real estate. Instead of buying the properties, investors buy shares and receive dividends in return. In Canada, the leading REIT in 2022, CDN Apartment UN, had a market cap of about 9.5 billion U.S. dollars. The company is an apartment properties investment trust that specializes in midtier and luxury multiunit rental properties.

Gross revenue of leading U.S. home builders
Leading building societies in the UK, by number of investors and borrowers
Leading real estate companies in Japan, by the number of condos managed

State of the industry

  • Luxury residential real estate in North America
  • Residential real estate in New York
  • Residential property market in London (UK)
  • Residential rental market in the United Kingdom (UK)
  • Residential real estate in California
  • Residential real estate in Belgium
  • Residential property market in Scandinavia
  • Residential real estate in Europe
  • Housing market in the United Kingdom
  • Housing market in the United States
  • Global housing market

Industry Definition

Residential real estate is real estate that has been developed for living purposes. Housing comes in different shapes and sizes and varies across countries and regions. It includes apartments and multi-family housing more common for dense urban areas and city centers, as well as single-family or semi-detached housing typical for areas with predominantly residential use. While student housing, coliving, and build-to-rent properties also have a residential aspect, they are often developed and operated primarily for commercial purposes which classes them as commercial real estate. Further facts on the supply spectrum of the market can be found in our Construction section.

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