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Real estate
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Understanding the world of real estate: A vast and lucrative venture

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Global real estate market was valued at US$9.8 trillion in 2023 and is predicted to reach US$14.54 trillion by 2030.

Photo credit: Shutterstock

The real estate industry is one of the most diverse and profitable sectors globally.

Market intelligence provider, Next Move Strategy Consulting, indicate that the global real estate market was valued at US$9.8 trillion in 2023 and is predicted to reach US$14.54 trillion by 2030, at a compound annual growth rate of 5.8 per cent from 2024 to 2030.