The research report provides in-depth analysis and discussion of key industry trends, market dynamics, market size, and market share estimates. Furthermore, the report outlines the drivers, restraints and opportunities of the global real estate market, which is essential for implementing strategies and achieving sustained growth over the forecast period. Furthermore, a detailed analysis of the impact of Covid-19 on the global real estate market is also published in the report.
That global real estate market The size was estimated at $6,872.8 billion in 2018 and is projected to grow to $8,662.2 billion by 2026, at a CAGR of 2.8% from 2019-2026. thereon. Factors driving the growth of the real estate market include public-private partnerships, economic recovery and increased government efforts in infrastructure development. Growing public-private partnerships in different countries like India and China would continue to fuel the growth of the real estate industry. For example, in December 2017, the Indian government drafted a new policy on public-private partnerships to provide affordable housing and attract private developers. Similarly, China has adopted the public-private partnership model, in which private companies invest in government infrastructure projects.
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Effects of Covid-19:
Real estate production activities have been halted due to the implementation of a strict lockdown. To prevent the spread of the coronavirus, governments in all countries have mandated social distancing, leaving market players facing a shortage of workers. In addition, restrictions on import and export activities caused disruptions in the supply chain, which in turn led to shortages of raw materials. This in turn led to challenges in carrying out the fabrication…