The world of real estate

We estimate the total value of global real estate.

21 January 2014, Words by Yolande Barnes

 

We estimate that the value of all world real estate totals around US$180 trillion. Most of this is directly owned residential property and most of that (72%) is owner occupied. About 17% of it is commercial property. Investable commercial property totals around US$20 trillion, of which about half is owned by private individuals, either directly or indirectly, and the remainder by corporate and institutional investors. At the core of this privately owned real estate is directly owned property holdings, held individually rather than through other investment structures. To our knowledge, these holdings have never been measured against commercial and corporate real estate before. Most direct real estate holdings owned by the world’s 200,000 private, ultra-high-net-worth individuals (UHNWIs) are in residential property, while commercial properties tend to be held non-directly, in corporate or other investing entities. Accounting for just 0.003% of the world’s population, the real estate holdings of these UHNWIs together total over US$5 trillion, or around 3% of all the world’s real estate value. This report examines how privately wealthy individuals are becoming an increasingly important force in the world of real estate.

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Key Contacts

Yolande Barnes

Yolande Barnes

Director
World Research

Savills Margaret Street

+44 (0) 20 7409 8899

 

Paul Tostevin

Paul Tostevin

Associate Director
World Research

Savills Margaret Street

+44 (0) 20 7016 3883