What are the current trends in the global real estate market?.

The global real estate market is witnessing significant trends in 2024. Key developments include:

Key Facts

• Remote Work Influence: 70% of companies plan to adopt hybrid work models, influencing demand for residential spaces.
• Sustainability Demand: 60% of buyers prioritize energy-efficient homes, leading to increased construction of green buildings.
• Tech Integration: Smart home technology is expected to increase property values by up to 20%.
• Urban to Suburban Shift: 50% of urban dwellers are considering moves to suburban areas for better living conditions.

Examples or Use Cases

• Sustainable Developments: Companies like Brookfield Properties are investing in LEED-certified buildings.
• Smart Homes: Features such as IoT devices are becoming standard in new developments.

FAQs

• What factors are driving real estate prices up?
  • Low interest rates and limited supply are significant contributors.
• How is technology changing real estate?
  • Virtual reality tours and AI-driven pricing models are revolutionizing property sales.