The total value of all real property in the world currently amounts to $228 trillion, according to Savills’ report.
The report noted that, in the beginning of 2016, this figure amounted to $217 trillion.
As director of the world research department at Savills, Yolanda Barnes, said, the increase in cost of objects has led to the growth of an aggregative index to $228 trillion in fixed prices, that is +5% in real terms.
According to the document, three quarters of the total value of world’s real estate accounts for housing – $168,5 trillion.
As it follows from the report, over the course of the last year, the aggregate value of commercial real estate grew faster (+7%) than the price of housing (+5%).
