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The world’s real estate costs 280 trillion dollars

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The world’s real estate costs 280 trillion dollars
September 04
09:00 2018

According to the data for the previous year, the total value of the real estate around the world is equal to 280 trillion dollars. This figure is a record in human history.

The agency Savills made a study of the question and explained that the main share of all property was housing (the total cost was estimated at $ 220 trillion US dollars). Just imagine the scale – gold mined in all that time is estimated at only 7.5 trillion US dollars. This is 3.5% of the global real estate valuation.

The lion’s share of the value is the markets of the countries in Americas and Europe. They account for 44% of the total amount. At the same time, the population is 17% of the total population of the planet.

According to the data for the previous year, the total value of real estate on the territory of the Russian Federation is almost $ 3 trillion. The third part of this amount is owned by the capital. The overall estimate of the residential property here is about a trillion dollars, which is 50 trillion rubles.

“In the year 2017, the cost of residential property rose by 8%, overtaking commercial property, the cost of which grew by only 3%. However, if we compare this dynamics with the growth in the value of shares (22%) and gold (13%), the real estate index seems not so great”,- said Yolande Barnes, head of research at Savills World Research.

 

The material was prepared with the participation of Anjela Chromova,
a leading analyst of the brokerage company CT Trade

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