{"id":2834,"date":"2016-01-27T16:24:17","date_gmt":"2016-01-27T09:24:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-if-you-combine-the-worth-of-all-real-estate-properties-in-the-world\/"},"modified":"2016-01-27T16:40:29","modified_gmt":"2016-01-27T09:40:29","slug":"what-if-you-combine-the-worth-of-all-real-estate-properties-in-the-world","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-if-you-combine-the-worth-of-all-real-estate-properties-in-the-world\/","title":{"rendered":"What if you combine the worth of all real estate properties in the world?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Bangkok.png?fit=740%2C493\" width=\"740\" height=\"493\">&#013;<br \/>\nYou get USD217 trillion<\/p>\n<p>The total value of all developed properties around the globe has been revealed to be USD217 trillion, which is 2.7 times larger than the world\u2019s GDP.<br \/>\nLet that sink in for a moment.<br \/>\nIn a new analysis by consultancy and advisory firm Savills, which published the study for the first time, the world\u2019s developed property universe has been estimated to make up 60 percent of mainstream global assets.<br \/>\nThe \u201cuniverse\u201d includes all formally recorded residential and commercial real estate, and forestry and agricultural land as of 2015. With a 75 percent share, residential property dominates the industry is worth a cumulative USD162 trillion.<br \/>\n\u201cTo give this figure context, the total value of all the gold ever mined is approximately USD6 trillion, which pales in comparison to the total value of developed property by a factor of 36 to one,\u201d said Yolande Barnes, head of Savills world research.<br \/>\nMore: Cross-border investors in APAC prefer liquid markets in 2016<br \/>\nThe global property sector easily beat other assets such as globally traded equities and securitised debt.<br \/>\n\u201cReal estate is the pre-eminent asset class which will be most impacted by global monetary conditions and investment activity and which, in turn, has the power to most impact national and international economies,\u201d noted Barnes.<br \/>\nReflecting the rapid growth of China\u2019s property sector in the past decades, approximately 24 percent of all residential developments are found on Mainland China and Hong Kong. It\u2019s not hard to figure out why, as one fifth of the world\u2019s population lives in these territories.<br \/>\nSavills noted that Asia represents a \u201cpotentially huge market\u201d alongside commercial real estate.<br \/>\nMore: There are now officially 100 supertall skyscrapers worldwide<br \/>\n\u201cIf the quantity and value of commercial space in these regions were to reach the current global average per head of population, the total value of commercial real estate globally would rise by 54 percent,\u201d the study stated.<br \/>\nThe pioneering study was conducted using census, house price data, and national property reports, among other sources.&#013;<br \/>\n&#013;<br \/>\nSource : property-report.com&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.property-report.com\/what-if-you-combine-the-worth-of-all-real-estate-properties-in-the-world\/\" target=\"_blank\">What if you combine the worth of all real estate properties in the world?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; You get USD217 trillion The total value of all developed properties around the globe has&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":2835,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-2834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Bangkok.png?fit=740%2C493&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-JI","jetpack-related-posts":[{"id":83265,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-zealand-houses-now-worth-close-to-1-trillion\/","url_meta":{"origin":2834,"position":0},"title":"New Zealand houses now worth close to $1 trillion","date":"March 21, 2018","format":false,"excerpt":"\r The total value of New Zealand residential property is close to $1 trillion, according to a new report.Property Institute of New Zealand and data company Valocity figures show that nationwide, the total value of residential property,...\r \r Source : nzherald.co.nz\/Property\r Read more...New Zealand houses now worth close to trillion","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/usd3-9-trillion-in-global-wealth-to-be-transferred-in-next-10-years\/","url_meta":{"origin":2834,"position":1},"title":"USD3.9 trillion in global wealth to be transferred in next 10 years","date":"September 16, 2016","format":false,"excerpt":"\r But things could get complicated, especially in APAC nevodka\/Shutterstock More than 14,000 ultra-high-net-worth individuals (UHNWIs) will be passing down their wealth in the next 10 years, data from Wealth-X and NFP\u2019s \u201cPreparing for Tomorrow: A Report on Family Wealth Transfer\u201d showed. This means that USD3.9 trillion or 13 percent\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nzs-house-market-tops-1-trillion-kiwis-owe-248b-in-mortgages\/","url_meta":{"origin":2834,"position":2},"title":"NZ&#039;s house market tops $1 trillion, Kiwis owe $248b in mortgages","date":"April 4, 2018","format":false,"excerpt":"\r The value of all New Zealand residential real estate has reached a new high, now standing at $1.07 trillion of which 23 per cent or $248b is borrowed in home loans, according to new research released today.CoreLogic NZ has just...\r \r Source : nzherald.co.nz\/Property\r Read more...NZ's house market tops\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69396,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-seas-threaten-nearly-1-trillion-worth-of-us-homes-and-most-are-moderately-priced-zillow\/","url_meta":{"origin":2834,"position":3},"title":"Rising seas threaten nearly $1 trillion worth of US homes, and most are moderately priced: Zillow","date":"October 18, 2017","format":false,"excerpt":"\r More than $900 billion worth of U.S. residential real estate could be lost, a new report says.\r \r Source : cnbc.com\r Read more...Rising seas threaten nearly trillion worth of US homes, and most are moderately priced: Zillow","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86511,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-to-pilot-real-estate-investment-trusts-moves-a-step-closer-to-us1-8-trillion-market\/","url_meta":{"origin":2834,"position":4},"title":"China to pilot real estate investment trusts, moves a step closer to US$1.8 trillion market","date":"April 26, 2018","format":false,"excerpt":"\r China moved a step closer to standard real estate investment trusts (Reits) on Wednesday, after the government said it would pilot a product to support the residential leasing market, kick starting a market that could potentially be worth US$1.8 trillion. In a document released by the China Securities Regulatory\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23727,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indian-real-estate-may-be-a-world-leader-by-2030\/","url_meta":{"origin":2834,"position":5},"title":"Indian real estate may be a world leader by 2030","date":"August 23, 2016","format":false,"excerpt":"\r Indian urbanisation will be a force to reckon with in the next decades The Indian subcontinent lights up from space. Image credit: Rakchai Duangdee By 2030, India\u2019s population will have grown so large that its real estate and construction sector will become the third largest on earth, according to\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/2834"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=2834"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/2834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/2835"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=2834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=2834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=2834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}