Savills have recently released their 2016 World Research report: ‘Around the World in Dollar and Cents’, and have estimated that ‘the value of all developed real estate in the world amounts to approximately $217,000,000,000,000 (217 trillion US dollars)’ (1).
According to the report, this means the earth’s population owns property assets nearly three times its total yearly income. ‘It [developed property] accounts for roughly 60% of all mainstream global assets’. Gold, for example, appears a triviality in comparison with ‘developed real estate’, with only $6 trillion ever mined.
The report continues…
‘The fact that the value of global real estate exceeds by almost one-third the total value of all globally traded equities and securitised debt instruments highlights the important role it plays in economies worldwide.’
The buy-to-live sector is the largest segment of value across all global real estate.
‘There are approximately 2.5 billion households on the planet […]. We estimate that the median value of the dwellings occupied by all these households is $43,000.’
Thank you to Savills for allowing us to reproduce their research on our blog.
References
1 - http://pdf.euro.savills.co.uk/global-research/around-the-world-in-dollars-and-cents-2016.pdf
