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Real estate is more than the buildings we see and use daily. Behind the façade, there is a vast network of companies and professionals that make the industry possible. Just like any other industry, real estate evolves and faces constant changes. Digitalization and proptech have begun revolutionizing the sector by reshaping business processes and making new services and products possible. With the rise in popularity of coworking and coliving, the concept of space as a service has been changing not only commercial and residential properties but also the way we live and do business.
Value of listed real estate market worldwide as of December 2023, by region (in billion U.S. dollars)
Further details: Visit original statistic Value of listed real estate market worldwide as of December 2023, by region (in billion U.S. dollars)
Coming up with an estimated size of the real estate market is not an easy task. In 2022, the aggregate value of listed real estate companies worldwide was close to four trillion U.S. dollars. Listed real estate companies are companies whose stock is traded on a stock exchange. They can operate in one or more of the following segments: real estate development, investment management, operating, and brokerage.
Value of listed real estate market in Europe, by countryNumber of National Association of Realtors members in the United States from 2009 to 2022 (in millions)
Further details: Visit original statistic Number of National Association of Realtors members in the United States from 2009 to 2022 (in millions)
The role of the real estate agent is to assist both sellers and buyers in making the right decision when purchasing a property. Agents not only market the properties and find buyers, but also prepare the paperwork for the transaction. Approximately 1.6 million people in the United States were registered in the National Association of Realtors in 2021, which was the highest number on record. A similar trend was observed in other countries as well such as the Netherlands and Belgium.
Commission rate of real estate agents in the U.S.Largest proptech funding rounds in the United States in 2023, by company (in million U.S. dollars)
Further details: Visit original statistic Largest proptech funding rounds in the United States in 2023, by company (in million U.S. dollars)
As Artificial Intelligence (AI), blockchain, and big data analytics advance, the real estate industry has a real opportunity to embrace new concepts and products, as well as disrupt and improve existing processes. Naturally, this is not possible without major investment. In 2022, Bond invested 400 million U.S. dollars in Veev, - a building technology company based in Hayward, California, which was the largest proptech investment globally in 2022.
Annual number of proptech funding rounds globallyEquity value of leading real estate media portals in the United States in 2nd quarter 2022 (in billion U.S. dollars)
Further details: Visit original statistic Equity value of leading real estate media portals in the United States in 2nd quarter 2022 (in billion U.S. dollars)
Online media portals offer various products and services, such as information, analytics, and marketplaces for commercial and residential real estate. One of the reasons that makes online media portals a valuable one-stop destination for individuals and businesses is that they combine features concerning different stages of the buying or letting process: property listings, agent profiles, reviews, mortgage calculators, and virtual tours.
Leading REITs worldwide by market capProperty services is an umbrella term for services that facilitate the real estate sector. This includes various institutions specializing in residential and commercial real estate investment, sales, and management. Furthermore, it includes property technology innovation companies that develop and optimize real estate services and products. Naturally, there are many activities that are vital to the sector but are excluded from this section and can be found elsewhere on our platform:
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