The Real Estate Agency and Brokerage by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Real Estate Agency and Brokerage, The real estate agency and brokerage market size has grown strongly in recent years. It will grow from $1414.75 billion in 2023 to $1508.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a rise in disposable income and government initiatives.
The real estate agency and brokerage market size is expected to see strong growth in the next few years. It will grow to $1917.99 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing investment in infrastructure, a rising population, and increasing urbanization. Major trends in the forecast period include focus on metaverse in real estate agency and brokerage, use of ar (augmented reality) and vr (virtual reality), use of artificial intelligence, launch of consumer-facing websites, mobile platforms for real estate agency and brokerage, focus on innovative solutions and strategic partnerships and collaborations.
Economic growth and a rapidly growing urban population are expected to increase the demand for real estate agency and brokerage, during the forecast period. The increasing number of rural residents migrating into cities is resulting in an increasing demand for access to affordable housing and commercial spaces. This provides a significant opportunity for real estate service providers to improve housing, retail, and other commercial services. Globally, around 60% of urban settlements remained to be built. According to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2031. This rapid urbanization is expected to boost the demand for real estate agencies and brokers and drive the real estate agency and brokerage market going forward.
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The real estate agency and brokerage market covered in this report is segmented –
1) By Type: Residential Buildings And Dwellings Brokers, Non-Residential Buildings Brokers, Mini warehouses And Self-Storage Units Brokers, Other Brokers
2) By Mode: Online, Offline
3) By Property Type: Fully Furnished, Semi-Furnished, Unfurnished
Real estate companies are investing in artificial intelligence applications to perform various functions such as property search, building management, and design. Artificial intelligence is helping real estate companies to find people looking to buy or sell properties, find a suitable property based on customer requirements, and redesign office spaces based on user behavior. According to the research conducted by Drooms, AI technology providers around 54% of property professionals surveyed already use artificial intelligence to improve keyword search and 69% believe AI gives their companies a competitive advantage by enabling the high-speed search of documents. For instance, REX, a real estate company analyses data from third parties such as Google to determine the willingness of a person to buy or sell a house. WeWork, a startup that provides shared workspaces is using artificial intelligence to design its office spaces. Skyline, an Israeli company’s artificial intelligence platform recommends properties to real estate investors by using data from more than 130 sources and taking into account over 10,000 different attributes of properties' lives.
The real estate agency and brokerage market report table of contents includes:
- Executive Summary
- Real Estate Agency and Brokerage Market Characteristics
- Real Estate Agency and Brokerage Market Trends And Strategies
- Real Estate Agency and Brokerage Market - Macro Economic Scenario
- Global Real Estate Agency and Brokerage Market Size and Growth
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- Global Real Estate Agency and Brokerage Market Competitive Benchmarking
- Global Real Estate Agency and Brokerage Market Competitive Dashboard
- Key Mergers And Acquisitions In Real Estate Agency and Brokerage Market
- Real Estate Agency and Brokerage Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Anywhere Real Estate Inc.
- Mitsui Fudosan Co., Ltd.
- Berkshire Hathaway Inc.
- CBRE Group
- FirstService Corporation
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The Business Research Company published its Real Estate Agency And Brokerage Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global real estate agency and brokerage market.
The report covers the real estate agency and brokerage market’s segments- by type: residential buildings and dwellings brokers; non-residential buildings brokers; mini warehouses and self-storage units brokers; other brokers and by mode: online; offline.View Complete Report: https://www.thebusinessresearchcompany.com/report/real-estate-agency-and-brokerage-global-market-report-2020-30-covid-19-impact-and-recoveryReal Estate Agency And Brokerage Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The Business Research Company published its Real Estate Agency and Brokerage Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global real estate agency and brokerage market.
The report covers the real estate agency and brokerage market’s segments- residential buildings and dwellings brokers, non-residential buildings brokers, mini warehouses and self-storage units brokers, other brokers.View Complete Report: https://www.thebusinessresearchcompany.com/report/real-estate-agency-and-brokerage-global-market-reportReal Estate Agency and Brokerage Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The real estate agency and brokerage services market consists of the sales of real estate agency and brokerage services by entities (organizations, sole traders and partnerships) that act as agents and/or brokers for real estate activities.
With increasing government initiatives, increased leasing activity, the scope and potential for the global real estate agency and brokerage market is expected to significantly rise in the forecast period.Request A Sample Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2219=smp Few Points From Table Of Content 1.
Real Estate Agency and Brokerage Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the real estate agency and brokerage industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected real estate agency and brokerage market growth numbers 2021-2030.
View Complete Report:https://www.thebusinessresearchcompany.com/report/real-estate-agency-and-brokerage-global-market-report-2020-30-covid-19-impact-and-recovery The Real Estate Agency and Brokerage Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global real estate agency and brokerage market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Real Estate Agency and Brokerage Global Market Report 2021 covers real estate agency and brokerage market drivers, real estate agency and brokerage market trends, real estate agency and brokerage market growth rate, real estate agency and brokerage market major players, player-adopted strategies in the market, and real estate agency and brokerage market size.The global real estate agency and brokerage market is expected to grow from $960.12 billion in 2020 to $1008.95 billion in 2021 at a compound annual growth rate (CAGR) of 5.1%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
