Global real estate value dips 0.5% YoY

China's real estate market accounted for 23.5% of the worldwide value.

The value of all global real estate, covering residential and commercial real estate, and agricultural land, stood at $393.3t as of the start of 2025, according to Savills.

The total global real estate value showed a slight annual decline of 0.5% due to a 2.7% reduction in the value of global residential stock to $286.9t.

Whilst most countries saw residential values grow, driven by rising house prices and new stock, falling property values in China brought down the global average.

Despite this, China's real estate market continues to be the most valuable, accounting for 23.5% of the worldwide value.

It is followed by the US at 20.7%. In addition to Japan, Germany, the United Kingdom, France, Canada, Australia, South Korea, and Italy account for the remaining 71%.

Further, commercial real estate value totalled $58.5t, an increase of 4.1% year on year, driven by the development of new stock and stabilising values.