How much is global real estate worth?

At the end of 2024, global real estate was valued at $393.3 trillion. Property continues to be the world’s largest asset class, surpassing the combined value of global equities and debt. To put this in perspective, all the gold ever mined equates to just 5% of real estate’s total worth.

However, the value of global real estate showed a slight decline of 0.5% in 2024, the result of a 2.7% fall in global residential property values. Most countries saw growth in residential values, supported by rising house prices and new housing supply. But falling property values in China, which accounts for a quarter of global residential value, dragged down the global average.

Read More: How much is global real estate worth? | Savills Impacts