The Houses And Housing Estate Developments 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 Houses And Housing Estate Developments, The houses and housing estate developments market size has grown strongly in recent years. It will grow from $72.76 billion in 2023 to $78.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to urbanization and population growth, economic growth and consumer confidence, government policies and incentives, interest rates and mortgage affordability, infrastructure development and accessibility.
The houses and housing estate developments market size is expected to see strong growth in the next few years. It will grow to $108.56 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to changing demographics and lifestyle preferences, sustainability and green building practices, technological integration in smart homes, affordable housing initiatives, urban planning and mixed-use developments.. Major trends in the forecast period include implementation of virtual reality (vr) for property viewing, adoption of modular and prefabricated construction, rise of co-living and co-housing concepts, integration of 5g technology.
Rising urbanization is expected to propel the growth of the houses and housing estate developments market going forward. Urbanization is the process of people moving from rural areas to cities or urban areas in search of better economic opportunities, social amenities, and quality of life. The progress of the urbanization is creating huge demand for infrastructure development including real estate development, leading to the growth of houses and housing estate developments market. For instance, in October 2022, according to The World Bank, a US-based international financial institution, around 4.4 billion people, or 56% of the world’s population, presently reside in cities. By 2030, the world is predicted to have 1.2 million km² more of urban built-up area because urban land consumption is expected to continue to expand at a rate that is up to 50% faster than population growth. Therefore, rising urbanization is anticipated to fuel the houses and housing estate developments market.
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The houses and housing estate developments market covered in this report is segmented –
1) Houses And Housing Estate Developments Market By Types: Condominiums, Villas, Other Types
2) Houses And Housing Estate Developments Market By Property: Residential, Commercial, Industrial, Land, Other Properties
3) Houses And Housing Estate Developments Market By Building Type: Smart Buildings, Traditional Buildings
4) Houses And Housing Estate Developments Market By Construction Type: New Construction, Renovation
5) Houses And Housing Estate Developments Market By End User: Private, Public
Top Major Players
Colliers International Group Inc.
Technological advancements are the key trends gaining popularity in the houses and housing estate developments market. Major companies operating in the houses and housing estate developments are focused on developing technologically advanced solutions to strengthen their position in the market. For instance, in March 2023, Lifesize Plans, an Australia-based architecture and planning company, launched the world’s first real-scale walk-through technology. This technology is intended to aid in developing and constructing new housing. The company offers stakeholders the chance to ‘walk through’ a site before a brick is laid by highlighting the layout of upper and lower floors, external landscaped areas, common areas, and renderings using cutting-edge projection technology. This helps various sectors of the real estate and construction industries. With the capacity for an instant, one-on-one cooperation and feedback, the technology may also be utilized as a sales tool similar to a display suite but on a 1:1 scale. This has enormous benefits for real estate design.
The houses and housing estate developments market report table of contents includes:
1. Executive Summary
2. Houses And Housing Estate Developments Market Characteristics
3. Houses And Housing Estate Developments Market Trends And Strategies
4. Houses And Housing Estate Developments Market – Macro Economic Scenario
5. Global Houses And Housing Estate Developments Market Size and Growth
…….
31. Global Houses And Housing Estate Developments Market Competitive Benchmarking
32. Global Houses And Housing Estate Developments Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Houses And Housing Estate Developments Market
34. Houses And Housing Estate Developments Market Future Outlook and Potential Analysis
35. Appendix
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