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Real Estate

Overview of the real estate/realty industry

The real estate/realty industry is one of the highest-value and most significant sectors. It focuses on goods and services related to real estate. These are areas comprising land, the buildings on it and natural resources. Such are distributed, managed and owned through property rights, including property titles. These titles can belong to individuals, companies, or the government. Property can be one of six types. These are residential, commercial, industrial, land and specialised realty. It also includes services related to such real estate. These include development, sales, marketing, brokerage, management, lending, and accounting. It results in an industry, the commercial section of which spans over 7 million companies.

Is the industry extensive?

The real estate industry has an extensive network. It is due to the many industries that rely on real estate. Examples include government, education, and manufacturing. There are also links to the mining, agriculture, food, and energy sectors. Likewise, it applies to the banking, chemistry, and transportation industries. Also, it has links to the building and construction division, with all its sections. Furthermore, it has connections to the safety, security, IT, and wood sectors. It results in an industry, the commercial section of which employs over 18.27 million professionals.

Is the industry of high value?

As a result, the real estate industry is one of the most high-value segments. For example, it has recently reached a market size of approximately $9.8 trillion. Likewise, one of the sector’s annual trade expos resulted in $17.3 billion in trade deals. Such events occur in diverse countries and attract tens of thousands of participants. Examples encompass Germany and Switzerland. They also take place in the French Republic and the Kingdom of Saudi Arabia.