The real estate market has been booming since the onset of the COVID-19 pandemic because homebuyers have been capitalizing on the low-interest-rate environment and remote working trends. This trend has been continuing so far in 2022 despite surging market volatility, with 45% of the homes being purchased within the last two weeks for the month ended January 27.
In addition to demand for residential and commercial spaces due to the extended remote life and work culture, the commercial real estate sector is also seemingly bullish. Property billionaire Sam Zell said recently, “I think retail is much more of a falling knife than office, and I think that office is likely to recover much quicker than retail.” According to Market Watch, the Global Real Estate Sector market is expected to reach $11.18 trillion in 2025, growing at a 4.1% CAGR.
