Savills has released its annual report on the role that real property plays in the investment world. Here are the key points:
- Real estate assets constitute 60% of the value of all assets worldwide;
- Residential real estate constitutes 75% of the value of the world's real estate - the remainder is about evenly split between commercial and agricultural uses;
- Of the world's high-quality commercial real estate, 45% is in North America;
- The value of all developed real estate in the world, by Savills' count, in U.S. dollars, is $217 trillion. This is 2.7 times the world's gross domestic product.
- North America, which represents only 5% of the globe's population, lives in 21% of its residential real estate by value (and shops/works etc. within 45% of the world's commercial real estate by value as noted above.)
