Global business directory of Estate agents and property sales.
The value of all the world's real estate reached $326.5 trillion in 2020, a 5% increase on 2019 levels and a record high.
In 2021, the global economy will enter the next phase of the V. According to Morgan Stanley Research, global GDP will return to its pre-COVID path (i.e., what it would have been absent the COVID-19 shock) by 4Q21. In the near term, growth will continue to be constrained by lockdown measures, predominately in the U.S. and Europe, but will likely rebound from 2Q onwards as vaccines are rolled out to the broader population which will help drive a more complete reopening of economies around the world.
2021 global growth of 6.4% is expected (following a contraction of 3.4% in 2020)1 to be driven by a global synchronous recovery, with developed and emerging markets growing together in unison for the first time since 2017, albeit at different speeds and trajectories