**Real Estate Remains World’s Most Valuable Asset; U.S. Leads in Commercial Sector**
As of early 2025, the total global value of real estate—including residential, commercial, and agricultural land—has reached an estimated $393.3 trillion, according to a new report from Savills. This staggering figure underscores real estate’s continued dominance as the world’s largest and most significant store of wealth, surpassing the combined value of global equities, debt, and gold. The real estate market now stands at nearly four times the size of global GDP.
China retains its position as the most valuable real estate market globally, accounting for 23.5% of the total value. The United States follows closely with a 20.7% share. However, when focusing solely on commercial real estate (CRE), the U.S. remains the largest and most valuable market in the world.
Paul Tostevin, Head of Savills World Research, noted that despite varying growth rates across regions and sectors, the fundamental strength of real estate persists. “While the pace of growth may vary across sectors and geographies, real estate’s long-term fundamentals remain strong: it is a store of wealth, a driver of economic growth and development, and its ability to reflect global economic shifts ensures its continued relevance in an evolving investment landscape.”
Tostevin further emphasized that although short-term challenges such as high interest rates and shifting market cycles may temporarily impact property values, “long-term, real estate’s position as the world’s most valuable asset class looks set to remain.”
Real estate continues to serve not only as a cornerstone of global economic infrastructure but also as a resilient asset class amid changing macroeconomic conditions.
