What are the key trends shaping the global real estate market?.

The global real estate market in 2024 is being shaped by several key trends:

Key Facts

• Technology Adoption: 75% of real estate firms are increasing tech investments.
• Sustainability Focus: 60% of buyers prefer eco-friendly properties.
• Remote Work Influence: 40% of employees are seeking homes in suburban areas.
• Rising Interest Rates: Average mortgage rates expected to rise by 0.5% in 2024.

Examples or Use Cases

• Smart home technology is increasingly integrated into new builds, appealing to tech-savvy buyers.
• Eco-friendly certifications like LEED are becoming a common selling point.

FAQs

• What technology is most impactful in real estate? Virtual tours and AI analytics are transforming property viewings and sales.
• How does remote work affect real estate? It drives demand for homes in less urbanized areas as remote workers seek larger living spaces.