Real Estate Appraisal Market Report
Global Real Estate Appraisal Market, Dynamics, Market Analysis See less
Global Real Estate Appraisal Market, Dynamics, Market Analysis
The Global Real Estate Appraisal Market is segmented By Type (Residential, Commercial, Industrial) and Region. This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global real estate appraisal market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Real Estate Appraisal Market is estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of xx % during the forecast period. The U.S. Real Estate Appraisal Market was valued at USD 7.6 billion in 2020.
Figure: Global Real Estate Appraisal Market Size, 2020-2026 (USD Billion)
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Real estate appraisal, also known as land or property valuation is the process of developing an opinion of value or valuation of real property. Real estate transactions generally require appraisals as they occur infrequently and every property is unique. The financial crisis has played a vital role in shaping the relevant regulations of the appraisal process. The appraisal of a property plays an important role in shaping the relevant regulations of the appraisal process. The appraisal of a property could be done either through a third-party or in-house known as Appraisal Management Company (AMC).
Key players operating in the global real estate appraisal market are-
The housing sector is flourishing in both developed and developing countries across the globe.
The global real estate appraisal market has been categorized into residential, commercial, and industrial.
By region, Asia Pacific witnessed the largest market share in 2020.
The companies are rearranging their operations and recovering from the unprecedented COVID-19 impact, which earlier has led to restrictive containment measures involving remote working, social distancing, and the closure of commercial activities that led to operational challenges, affecting the market growth. The pandemic has severely hit both residential and non-residential construction markets, thus negatively influencing the real estate appraisal market.
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The following is a list of the customers that the Real Estate Appraisals market aims to convert the most:
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CoreLogic, Inc. (The U.S.), Real Matters, Inc. (Canada), Wells Fargo & Company (The U.S.), JP Morgan Chase & Co. (The U.S.), CBRE (The U.S.), The Accurate Group (The U.S.), Clarocity (The U.S.), and Flatworld Solutions Pvt. Ltd. (India) are among the key players in the real estate appraisal market.
Asia-pacific witnessed largest share of the real estate appraisal market in 2020.
Booming construction activities in the developing economies of China, India, and South Asian countries of Hong Kong, Singapore, and Indonesia among others, increasing standards or living are among the factors driving the growth of real estate appraisal market in Asia-pacific region.
The residential segment is expected to register healthy CAGR in the real estate appraisal market over the next five years.
The U.S. Real Estate Appraisal Market was valued at USD 7.6 billion in 2020.
Real estate appraisal companies, Real estate companies, Real estate agencies, Construction companies, Housing societies are the target audience in the real estate appraisal market.