Rapid urbanisation and demographic changes will drive the global stock of institutional-grade real estate up from $29 trillion (€21 trillion) in 2012 to $45.3 trillion (€33 trillion) in 2020 and as high as $69 trillion (€50 trillion) in 2030, according to the latest report from PwC — Real Estate 2020: Building the future.

The growth will be felt strongest in developing countries, where an expected 8.9 percent compound annual growth in investable real estate stock will bring the total supply in these countries up to $20.3 trillion (€15 trillion) by 2020 — nearly double what it is today and nearly five times what it was in 2004. This will bring the percentage of the global real estate market in developing countries up from 24 pe