Real estate market size worldwide in 2021, with forecasts up until 2030

The revenue of real estate companies worldwide was valued at 9.5 billion U.S. dollars in 2021 and is predicted to increase in terms of CAGR by 4.8 percent between 2021 and 2030, according to a report by Next Move Strategy. With a growing demand for industrial and commercial infrastructure and the recovery of the global economy from the coronavirus (COVID-19) pandemic, by 2030, the size of the real estate market is expected to reach 14.6 billion U.S. dollars. According to the source, other factors that are likely to impact the development of the market are the saturation of the residential real estate market in certain countries and cities, as well as the increased government spending on infrastructure development.