The real estate industry's market comprises of the sales of real
estate services by the several individuals (organizations, sole traders and
partnerships) that rent, lease and enable the usage of the buildings and/or
land. The industry also involves the managing real estate for others, selling,
renting and purchasing real estate for others and reviewing real estate.
According to the report analysis, ‘Real Estate Global Market Report 2019’
states that in the real estate global market there are numerous companies which
recently operating more actively for leading the fastest market growth and
registering the handsome value of market share around the globe in the near
years while delivering the better consumer satisfaction, decreasing the linked
cost, advancing the applications of the related services, employing the young
services, implementing the profitable strategies, and studying the government’s
rules and regulations includes CBRE Group, Jones Lang LaSalle Inc, New World
Development Company Limited, Colliers International, Newmark Grubb Knight Frank
and several others.
In addition, the Blockchain is emerging as a technology to
eradicate hidden costs and disorganizations in the housing market. Blockchain
is a record-keeping technology performing as the encrypted catalogue of digital
data. It can encode possessions with an exclusive identifier, and is thus proficient
of recording the movement of asset from one owner to the next. In addition, the
real estate is a document-intensive business, and a dispersed blockchain ledger
can amalgamate the mortgage, escrow and deed transfer record-keeping, and can
also enable the automated accommodation of provisional events in the terms of
contracts. This supports in accelerating the real estate transactions, decreasing
the fraud and bargaining the total transparency. In July 2016, Sweden became
the foremost western region to explore the usage of the blockchain for real
estate. The Republic of Georgia, Honduras and Brazil have also proclaimed pilot
curriculums for blockchain in real estate.
Based on the region, the Asia Pacific region was the largest
region in the worldwide real estate market, registering for 41% of the market
in 2018. North America was the second largest region dominating for 23% of the international
real estate market. For instance, the Africa was the smallest region in the worldwide
real estate market.
Furthermore, prominent increase in the government investment in
infrastructure development to support the real estate is anticipated to deliver
the lucrative opportunities for the growth of the market during the future.
Government is taking several initiatives connected to infrastructure advancements.
Economic growth is one of the foremost drivers. At the same duration, advancing
economies in underdeveloped countries such as India, Indonesia, and several others
have resulted in large-scale foreign investments, an aspect that subsequently
boosts the requirement for the construction equipment in infrastructural
projects around the several segments. In addition, the foremost players
operating in the worldwide real estate market have implemented the key
strategies such as acquisition and business enlargement to strengthen their
market outreach and endure the inflexible competition in the market. Therefore,
in the near years, it is anticipated that the market of real estate will
increase around the globe more significantly over the near years.
For More Information, refer to
below link:-
Related
Report:-
Contact Us:-
Ken Research
Ankur Gupta,
Head Marketing & Communications
+91-9015378249
