On the real estate market, there is a wide range of “products”, from the most modest to the most coveted, with the Trophy Assets being part of the latter category. But the real estate market is not fixed and can fluctuate widely. Moreover, this is the price at a given point in time. “By comparison, the value of all the gold that has been produced is in the order of $6 trillion, real estate is 36 times that,” Savills calculates. It is therefore interesting to put them into perspective in an attempt to tame them. These figures can be dizzying because they are simply difficult to imagine. Housing accounts for the bulk ($162 trillion). So what is it all about? “The value of all real estate in the world: residential, commercial, but also agricultural land and forests for the first time,” the study said. All the real estate on the planet would be worth some 217 billion dollars, or 2.7 times more than the world’s GDP, according to a study published by the British real estate network Savills in 2017.
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