Global Real Estate Market Research Reports, Analysis & Trends
Real estate industry is always in a great condition of generating incredible amount of revenues. With urbanization, real estate industry is always on the lookout for fresh new talents in the various fields of real estate and architecture. Real estate globally consists of various sectors, housing, property, rental/ lease or sell of lands, building, and properties that have certain value that varies from time to time according to the market and demand. The performance and demand is different in size and prospects of growth are different from one country to another. Each country’s economy is a crucial factor that determines how well real estate is growing. Real estate industry also provides services in brokerage, and management. Brokerage and management of real estate also comprises two important divisions, residential brokerage and management, and commercial brokerage and management.
Real Industry markets in the US, Europe and Asia are growing differently from one another offering different type of services and features. Infrastructure in each region is different and the prospect of growth also differs from one region to the other. In addition to that, the cost of the whole project, labour charges, cost of the materials and various other factors come into deciding the end value of a property. Companies that are into construction and building of properties have ventured into developing infrastructure with variety of developments, such as housing, hotels, commercial offices, parks etc.
There is a new challenge everyday for companies that are established or the new entrants in the commercial real estate sector that they need to overcome to sustain, moreover with the increased demand, countries that are affected by the debt or economic crises pose a new barrier. Developed countries or regions usually seem difficult to show any growth potential, therefore suburbs and small towns offer great prospect and opportunities for newer entrants in the market.
Current Development in Global Real Estate Industry
Although majority of the industry’s focus is mainly put into residential and commercial sector; there is a great future prospect for the growth or expansion in foreign regions. Many foreign countries’ construction companies are hired for improving the infrastructure and beautification of the commercial property.
The way technology for real estate has evolved, in terms of better usage of materials, better skilled labours, higher qualified engineers and more creative entrepreneurs, similarly the usage of information technology or computer products is expected to transform the real estate business in the coming years. Prospective buyers can use the internet to check the models and designs of the properties and decide more conveniently as compared to the traditional methods of visiting. Marketing on the internet has played another big role in creating awareness and allowing the consumers to see the important announcements about the property related news.
In addition, real estate industry is gaining incredibly with the policies formed by the governments that shape substantial return projections although there are risks involved. With involvements of banks for loans at a percentage of interest, there are more opportunities explored in the real estate sector. Insurance policies being other factor that have had an advantageous turn around as there are risks and threats involved with the quality, age and production of real estate, real estate industry is secure with the insured policy for the property as the regular premiums are being paid.
Major Players In Global Real Estate Industry
Major players in real estate industry are the companies that have had an enormous growth in the last few decades; their growth in terms of revenue, the number of unique properties that have been traded, and landmark constructions across the world. The big players are ERA Real Estate, Sotheby’s International Realty®, Corcoran, DLF, Oberoi Realty, Godrej Properties and Keller Williams Realty, Inc.