The value of all global real estate (residential and commercial real estate, and agricultural land) was US$393.3 trillion as of the start of 2025, according to Savills, maintaining the asset’s position as the world’s most significant store of wealth.

Savills says property continues to represent the largest asset class globally, exceeding the combined value of global equities, debt and gold. In fact, the value of all the gold ever mined (US$20.2 trillion) equates to slightly more than 5 percent of real estate’s total worth. Since 2019, the total value of global real estate has grown by 21.3 percent, broadly in line with global GDP growth during the same period (25.6 percent).

Savills notes total global real estate value showed a slight annual decline of 0.5 percent due to a 2.7 percent reduction in the value of global residential stock to US$286.9 trillion. While most countries saw residential values grow, driven by rising home prices and new stock, falling proper