A report issued by Savills, a global specialist in real estate consultancy, showed that the total value of real estate in the world reached $ 379.7 trillion at the end of 2022, down by 2.8 percent from the previous year.
According to the report, despite the annual decline in global real estate value, the long-term trend has increased by 18.7 percent over the past three years.
The report showed that the total value of global real estate shows that real estate remains the largest store of wealth in the world. He pointed out that the value of all the gold extracted in the world ($ 12.2 trillion) is small compared to the size of real estate wealth if the value of gold represents just over 3 percent of the value of global real estate.
Source (Al-Arabiya.net Website, Edited)
