The price of all global real estate in 2017 increased by 6.2%

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The total value of all real estate in the world in 2017 increased by 6.2% to a record 280 trillion 600 billion dollars, a study by the British company Savills showed. The study notes that the price of all global real estate exceeds the total world GDP 3.5 times. Savills points out that the price of gold mined in the history of mankind is equal to 7 trillion 600 billion dollars, which is only 3.5% of the total value of real estate. The largest share accrue to housing - 220 trillion 600 billion dollars. Commercial real estate accounts for 33 billion 300 million dollars, forest and agricultural land – for 27 trillion 100 billion dollars. 44% of all real estate in the world is located in the USA, Canada and developed countries of Europe. China and Hong Kong account for 26% of global real estate.

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