Real Estate Retains Position World’s Largest Store Wealth Worth Us3933 Tril Savills
According to research conducted by Savills, property continues to hold the title of the world’s greatest store of wealth. The data, published by a global real estate services provider, reveals that the total value of all global real estate, including residential and commercial properties, as well as agricultural land, reached US$393.3 trillion ($507.1 trillion) at the beginning of this year.
This figure represents a slight decline of 0.5% compared to the previous year, largely driven by a 2.7% decrease in the value of global residential stock, which amounted to US$286.9 trillion. Savills attributes this drop to the decrease in property values in China, which accounts for almost a quarter of global residential value.
Despite this decline, real estate remains the largest asset class globally, exceeding the value of debt securities (US$144.8 trillion) and equities (US$135.7 trillion) at the start of 2025. It also surpasses the value of all gold that has ever been mined, which amounts to US$20.2 trillion. Since 2019, the total value of global real estate has grown by 21.3%, in line with the growth of global GDP during the same period.
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China has retained its top position as the most valuable real estate market, accounting for 23.5% of the global value of residential and commercial properties. The United States follows closely behind with 20.7%. Other top markets include Japan, Germany, United Kingdom, France, Canada, Australia, South Korea, and Italy. These 10 markets together make up 71% of the world’s total real estate value.
Commercial real estate also saw an increase in value, rising by 4.1% from the previous year to reach US$58.5 trillion. The growth of this sector was driven by the development of new properties and stabilizing property values. Some markets, such as the US, also saw an increase in investment due to onshoring efforts, which encouraged investment in manufacturing.
Despite variations in growth levels across different sectors and geographies, real estate continues to hold relevance in the evolving investment landscape, according to Paul Tostevin, head of Savills World Research. “While shorter-term factors like interest rates and market cycles may affect the values of certain types of properties, real estate’s long-term position as the world’s most valuable asset class is likely to remain unchanged.”
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