What is the largest store of wealth in the world Many citizens and investment seekers are wondering about how to save their wealth and the direction of the global market in this matter.
A recent report found that the value of global real estate reached 379.7 trillion dollars at the end of 2022, despite the annual decline in real estate, but the long-term trend indicates an increase of 18.7% over the past three years.
According to a report by “sfels”, a specialist in real estate consulting at the global level, real estate is still considered the largest store of wealth in the world, the size of its value exceeds the total value of global stocks and bonds, and is almost four times the global GDP.
Although the value of gold mined in the world (12.2 trillion dollars) is insignificant in comparison, gold accounts for only about 3% of the value of global real estate.
It is clear from the report that just over three quarters of the value of real estate is related to residential real estate, as its value reached 287.6 trillion dollars at the end of 2022, commercial real estate accounts for about 13% of the total value, while agricultural land accounts for 11%.
Residential and commercial real estate markets globally were affected in the first half of 2022 by rising interest rates and increasing economic uncertainty, and this trend continued until 2023.
