Global Real Estate Gross Value Added by Country

In 2024, India's real estate sector leads with a Gross Value Added (GVA) of 21.72%, reflecting a strong year-on-year (YoY) increase of 1.11% from 2023. Israel and Canada follow with GVAs of 14.31% and 13.33%, respectively, showing moderate annual growth. Conversely, Finland, the United Kingdom, and Japan saw declines, with YoY variations of -0.34%, -1.7%, and -0.19%, respectively. The United States recorded a slight growth of 0.13%, while Hungary experienced the highest increase at 5.16%. On the other end, Colombia and Australia faced significant declines with variations of -4.28% and -2.61%, respectively, reflective of broader market challenges. Estonia, Brazil, and Belgium showed positive incremental growth. Germany, Austria, and Denmark registered marginal declines.

Future trends to watch include the continued robustness of the Indian real estate sector driven by urbanization and increasing investment. Israel and Canada are expected to maintain steady growth. Depressed markets like the United Kingdom and Australia may see recovery contingent on economic policies and market conditions. Growth in Hungary may taper off due to potential market saturation. Monitoring economic policies, technological advancements, and global investment flows will be crucial for predictive insights.