With a pandemic bringing the global economy to a standstill, it would be an understatement to say that 2020 has been a tough year. Marked by nationwide lockdowns, the second quarter of the year triggered rising unemployment levels and a global recession. Nevertheless, according to industry experts, real estate is still seen as an asset class that can generate acceptable returns during this period of huge uncertainty. This is not true for all types of commercial real estate though. While industrial and logistics properties enjoy sound investment and development prospects, retail and hotel have been stagnating.
Meanwhile, governments and central banks worldwide have responded with tax reliefs and record-low residential mortgage rates. Naturally, the increase in demand for housing has led to an upward trend in house prices, but also concerns about housing affordability.
Real estate is private property in the form of buildings and land that can be used for residential or commercial purposes. Residential real estate includes single-family and attached houses, as well as apartments and condominiums. Commercial real estate refers to offices, industrial and logistic facilities, retail, and hospitality properties.
In this section, Statista provides the most relevant and up-to-date data on the financing, selling, and renting of real estate. Among the key market indicators are mortgage advances, house prices, rents, vacancies, take-up, investment volumes, market leaders, and digital innovation.
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