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The cost of the entire real estate world broke a new record

Стоимость всей недвижимости мира побила новый рекордMost all real estate in the world in terms of value are located in the United States.

The total value of all real estate in the world increased in 2017 and 6.2% and reached a record high in history $280,6 trillion.

This is stated in the study of the British company Savills Plc.

For comparison: world stock markets last year increased by 22%, gold has risen by 13%. According to estimates by Savills, the value of all real estate in the world 3.5 times more than the total world GDP. The value of mined throughout human history, gold is equal to $7.6 trillion is only 3.5% of the total cost of housing.

The largest share of the total value of world real estate accounts for housing – $220,6 trillion. The aggregate value of commercial real estate is $33.3 billion, another $27,1 trillion falls on agricultural and forest land.

Almost half of all real estate in the world in value terms (44%) located in the United States, Canada and developed European countries. However, these countries account for only 17% of the population.

China and Hong Kong accounted for 26% of global real estate and 19% of the population.

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