Real estate – broadly the land, property, buildings and air or ground space attached – is a large and complex industry with residential housing and commercial subsectors.
Real estate is the world’s most valuable type of asset, and was globally valued at US$228 Trillion in 2016, an increase of 5% from the year before. In advanced economies it accounts for the greatest part of personal and household wealth. Its income generating capacity makes real estate an attractive proposition, especially in times of low interest rates.
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