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  • Date of publication: 31 August 2020
  • 1053
  • businessbuysale.com
  • All real estate costs more than $ 280 trillion - study

    Synopsis

    The aggregate value of all real estate in the world as of the end of 2017 reached a record $ 280.6 trillion, according to a study by Savills World Research.

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Description

The aggregate value of all real estate in the world as of the end of 2017 reached a record $ 280.6 trillion, according to a study by Savills World Research.

 

Experts of the company note that the largest share falls on residential real estate - $ 220.6 trillion. For comparison, the cost of all gold that was ever produced is $ 7.6 trillion - only 3.5% of the total cost of housing.

Experts note that the largest share of the total cost of housing falls on the developed markets of North America and Europe. The share of the total cost of housing (44%) in these regions exceeds the share of the world population that accounts for them (17%).

The aggregate value of all residential real estate in Russia at the end of 2017 was $ 2.9 trillion, while 1/3 falls on Moscow, where the total value of the housing stock is $ 0.87 trillion or 52.3 trillion rubles.

"Last year, the total value of all residential real estate in the world increased by 8.0% and amounted to $ 220.6 trillion, exceeding the indicator for the commercial sector (by 3%, $ 33.3 trillion) and the growth in the value of agricultural land and forest land (for - 0.4%, $ 27.1 trillion.) For comparison, the value of the shares showed an increase of 22% and the price of gold increased by 13%, "comments Yolanda Barnes, director of the world research department Savills.

 

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