According to a London-based real estate consultancy, Savills (SVLPF), the value of the global real estate, which includes residential, agricultural, forest land, and commercial property is worth a massive 217 trillion USD. Residential real estate has the largest share in the global real estate sector valuing at more than 258.5 trillion USD. This is closely followed by agricultural real estate at 35.4 trillion USD and commercial real estate sector at 32.6 trillion USD.
Residential real estate has the largest share in the global real estate sector because it is linked to the global population. As the global population increases at an exponential rate, the demand for housing and residential real estate increases as well. With a steadily increasing demand for affordable housing, residential real estate continues to grow in value and holds the largest store of global wealth.
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