The real estate industry is one of the significant industry in the global economy. The global real estate market is expected to be US$ 24.7 Trillion by 2015. Real estate is growing particularly due to capital investment, huge market demand and strong trends in construction market. The economic recession has strongly impacted the construction industry which negatively impacted the real estate industry. As economic recovered slightly , strong market demand fueled the grow in the market. The industry is expected to grow at 0.4% from 2010 -2015. Growing population, rise in income levels coupled with the rise of middle class families in the Asian Countries is fueling the grow of real estate industry.
The global real estate involves many activities like commercial housing, renting, leasing, commercial building, property management and handling the existing infrastructure. The global real estate industry is focusing not only on the building of homes and commercial housing but also boosting the performance of the existing buildings. The industry is making significant efforts to optimize energy consumption and carbon emission and waste management. The European real estate market is still struggling due to government controls , market regulations and debt crisis in many economies. Some strong economic regions are expected to grow their real estate industry while others will still lag behind.
list of top real estate companies in world
|CBRE Group||DLA Piper|
|Cushman & Wakefield||DLF|
|Simon Property Group||CB Richard Ellis|
|Grubb & Ellis||Clifford Chance|
|Hogan Lovells||India Bulls Real Estate|
|Jones Lang LaSalle||Marcus & Millichap|
|CoStar Group||Prudential Commercial Real Estate|
|Colliers International||GVA Worldwide|
Housing and commercial real estate is the major component of real estate investment in Asia-pacific region. Asia Pacific is growing dominant in the real estate industry as economic growth propels the strong market demand for housing needs. Asian real estate industry is a booming industry and is attracting a lot of investment from foreign institutional investors. China, India, Hong Kong, Thailand are growing strong in the real estate industry due to the growth in economy. Chinese construction companies top the list of top construction companies in the world , similar the Chinese real estate developers now have a global field to operate. The Chinese are also making significant efforts to connect with the local real estate companies in U.S and other parts of the world. Also there is a growing demand for real estate in the local China and US market and this demand is in part fueling the grow of the industry. The market demand for housing facilities , growing disposable income of Chinese middle class and high rate of urbanization is driving the growth in real estate industry. The real estate business is largely controlled by local players which has a dominant share in the local market.
Real estate companies generally purchase large areas of land , then make construction plans depending on the location to build commercial houses, corporate offices or hotels. Location of the land and locality plays a major role in the real estate business. Sometimes the purchasers are decided first and then the projects are developed or the owner of the plot hires the companies to develop the plot of land. In other cases, these companies use their agents or the real estate brokers for the marketing of the developed properties. These companies also sell undeveloped plots of land but there are a few clients who agree to face the hazards of developing such plots into a house or something else. The’real estate companies’also play the role of a broker when they confirm a deal between a property-seller and a property-buyer. In the process, the companies use to earn a good amount of money as the commission for their professional services. These companies also buy old properties, then renovate them and then sell them to new buyers. This process also helps the companies in earning higher profits. This sector also provides a huge employment opportunities to wide range of professionals ranging from engineers , property dealers, brokers, contractors, land surveyors , engineers and many others.
Last Updated on : 30th Sept. 2013