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The global real estate and building industry refers to developing, constructing, managing, buying, selling, and leasing properties worldwide. It plays a significant role in the global economy because of the increasing demand for housing all around the world. The market size of this sector depends on certain factors such as population growth, urbanization, economic conditions, and government policies. Real estate and building sector deals with four types of properties, institutional, industrial, residential, and commercial.
China and USA are one of the biggest real estate markets in the world. The other prominent markets include United Arab Emirates, Russia, Turkey, Mexico, Indonesia, Brazil, etc. The concept of “Smart Cities” is gaining momentum in the real estate industry focusing on using technology to improve urban living. Smart and efficient infrastructure, and intelligent transportation systems, are being developed worldwide to enhance the quality of life in cities.
Technology is transforming the real estate industry with advancements in areas like artificial intelligence, and automated building systems are being used to improve efficiency, security, and maintenance of buildings.
The real estate and building industry is one of the world's biggest and most lucrative industries. As per research, China and the USA make up 42% ($84.8 trillion) of global property value alone. Japan, India, Germany, the UK, France, Brazil, Italy, and Russia are among the top 10 real estate markets in the world.
The worldwide value of real estate reached $326.5 trillion in 2020, a 5% increase from preceding years. The growth of the global industry is driven mostly by residential properties, the largest real estate sector. The real estate and building industry also contributes significantly to the global GDP. In 2020, the real estate sector and buildings contributed around 7% to the global GDP, according to the International Monetary Fund (IMF).
Real Estate and Building industry is a vast and diverse sector and many trade exhibitions are held to showcase the recent market trends. Some of the notable and beneficial exhibitions professionals can attend are:
MIPIM Cannes: One of the most advanced exhibitions for the international real estate community. It is held in Cannes, France to showcase real estate properties from different parts of the world. It is an ideal avenue to meet investors, buyers, agencies, and contractors.
MIPIF: An international-level real estate trade show that brings together the industry’s most prestigious companies and projects. The platform showcases the latest investments in real estate and citizenship by property options. It takes place in Moscow, Russia, and attracts the global community.
United Property Expo: One of the most advanced exhibitions for the international real estate community. It is held in different locations to highlight real estate properties in different parts of the world. It is an ideal avenue to meet investors, buyers, agencies, and contractors.
MAPIC Cannes: A prominent event in the retail property sector that brings over 1000 retailers worldwide. It is a 3-day event featuring exhibitions, conferences, and seminars by industry experts. It is held at Palais des Festivals, Cannes, France.
The real estate and building industry is one of the largest and fastest-growing industries in the world. It deals with various aspects of housing from residential to industrial to commercial properties. Sectors that can benefit from real estate exhibitions include residential housing, industrial properties, office builders and furnishers, retail properties, hospitality (hotels and tourist accommodations), healthcare property developers, mixed-use properties, leisure properties (theme parks, entertainment centers, etc.), and many more. Additionally, various building sectors including lighting, heating, building materials, etc may also find such trade exhibitions beneficial.