Global Real Estate Agency and Brokerage Industry to 2031 – Identifying Growth Segments for Investment – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Real Estate Agency and Brokerage Market Report 2022 by Type, Mode, Property Type” report has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the critical information they need to assess the global real estate agency and brokerage market emerging from the COVID-19 lockdown.

The global real estate agency and brokerage market is expected to grow from $1,221.82 billion in 2021 to $1,344.45 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $1,912.99 billion in 2026 with a CAGR of 9.2%.

Companies cited

  • Realology Holdings Corp.

  • Mitsui Fudosan Co.Ltd.

  • Berkshire Hathaway Inc.

  • CBRE Group

  • First service company

  • House Sekisui

  • Savills plc

  • Jones Lang LaSalle Inc.

  • International Necklaces

  • Shimizu Company

Reasons to buy

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  • Identify growth segments for investment.

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The real estate agency and brokerage services market includes sales of real estate and brokerage services by entities (organizations, sole proprietorships and partnerships) that act as agents and/or brokers for real estate activities.

The main types of real estate agencies and brokerages are residential building and housing brokers, non-residential building brokers, mini-warehouse and self-storage unit brokers and other brokers. A real estate broker is a licensed real estate broker who has completed their education and obtained a local real estate broker’s license. The different modes include online, offline and involve different types of properties such as fully furnished, semi-furnished, unfurnished.

Economic growth and a rapidly growing urban population are expected to increase the demand for residential and commercial building brokers over the forecast period. With the growing number of rural residents migrating to cities, there is a growing demand for access to affordable housing and commercial space. This presents real estate service providers with a significant opportunity to improve housing, retail and other business services. Globally, about 60% of urban settlements remained to be built. According to the World Bank, the urban population in South Asia is expected to increase by 250 million by 2031. This rapid urbanization is expected to drive the demand for real estate agencies and brokers and advance the real estate agency and brokerage market.

The coronavirus disease (COVID-19) outbreak has acted as a massive constraint on the real estate agency and brokerage market in 2020 as the need for the services offered by these establishments has diminished due to lockdowns imposed by governments around the world. whole world. COVID-19 is an infectious disease with flu-like symptoms including fever, cough and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei Province in the People’s Republic of China, and has spread around the world, including Western Europe, North America and Asia. Measures taken by national governments to contain transmission have led to a decline in economic activity as countries enter a state of ‘lockdown’ and the outbreak has negatively impacted businesses throughout 2020 and into in 2021.

Real estate companies are investing in artificial intelligence applications to perform various functions such as property search, building management and design. Artificial intelligence helps real estate companies find people looking to buy or sell properties, find suitable property based on customer needs, redesign office spaces based on user behavior. According to research conducted by AI technology provider Drooms, around 54% of real estate professionals surveyed are already using artificial intelligence to improve keyword research and 69% believe that AI gives their companies a competitive advantage by enabling rapid document retrieval.

Asia-Pacific was the largest region in the real estate agency and brokerage market in 2021. North America was the second largest region in the real estate agency and brokerage market. Regions covered in the real estate agency and brokerage market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.

For more information on this report, visit https://www.researchandmarkets.com/r/k7bt25

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