The real estate sector is a fundamental driver of the global economy, encompassing residential, commercial, and industrial properties. It contributes to urban development, infrastructure, and employment, making it a key pillar of economic growth. In 2024, the global real estate market was valued at approximately $10 trillion, accounting for around 13% of global GDP. This sector involves a wide range of professionals, including real estate agents, developers, architects, engineers, and construction workers, employing millions worldwide.

With increasing urbanization and population growth, the real estate sector is projected to expand at a CAGR of 4.3%, potentially reaching $14 trillion by 2030. Leading players in the industry include countries such as the United States, with major metropolitan markets like New York and Los Angeles; China, a key player in commercial and residential real estate; and Germany, known for its stable real estate market. The sector’s growth is fueled by rising demand for both commercial spaces and affordable housing globally.