The value of the world’s real estate assets rose 5 percent in 2020 to $326.5 trillion, making it the world’s most significant store of wealth and more valuable than all global equities and debt securities combined, and worth almost four times that of global GDP, according to new research released by Savills as part of its Impacts 2021 program.
The growth in real estate’s value was driven by residential property — by far the largest real estate sector — which accounts for 79 percent of all global real estate value, said Savills. Residential real estate saw its value increase by 8 percent between 2019 and 2020 to $258.5 trillion, driven by activity i