PUBLISHER: TechSci Research | PRODUCT CODE: 1902273
PUBLISHER: TechSci Research | PRODUCT CODE: 1902273
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The Global Residential Real Estate Market will grow from USD 6.36 Trillion in 2025 to USD 9.86 Trillion by 2031 at a 7.58% CAGR. The Global Residential Real Estate Market is defined as the sector comprising properties developed for human habitation, including single-family homes, apartments, and condominiums. The primary drivers supporting this market's growth are rapid urbanization and steady household formation, which collectively sustain a continuous demand for accommodation worldwide.
| Market Overview | |
|---|---|
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 6.36 Trillion |
| Market Size 2031 | USD 9.86 Trillion |
| CAGR 2026-2031 | 7.58% |
| Fastest Growing Segment | Apartments & Condominiums |
| Largest Market | North America |
Key Market Drivers
The relentless pace of urbanization and the simultaneous expansion of the global population act as the primary engines for the Residential Real Estate Market, necessitating substantial increases in physical housing stock. As rural populations migrate to urban centers in search of economic opportunities, the density of metropolitan areas intensifies, compelling developers to accelerate construction activities to bridge the widening supply-demand gap. This demographic pressure is not merely a theoretical projection but a tangible driver of physical market growth.
Key Market Challenges
The persistent issue of housing affordability, intensified by a high-interest-rate environment, stands as a critical barrier impeding the growth of the Global Residential Real Estate Market. Elevated borrowing costs have drastically reduced the purchasing power of prospective buyers, making mortgage payments prohibitively expensive for a significant portion of the population. As financing becomes less accessible, entry-level buyers are increasingly excluded from the market, while existing homeowners are discouraged from trading up due to the "lock-in" effect of their current lower rates.
Key Market Trends
The acceleration of office-to-residential adaptive reuse projects represents a structural transformation in the market, driven by the dual pressures of high commercial vacancy rates and acute housing shortages in metropolitan cores. Developers are increasingly repurposing obsolete commercial assets into multifamily housing to capitalize on existing infrastructure and location value, effectively monetizing underutilized space while addressing supply deficits.
In this report, the Global Residential Real Estate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Residential Real Estate Market.
Global Residential Real Estate Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: