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National Real Estate Investor
Assessing the Size of Global Real Estate Markets
WMRE Staff Aug 24, 2020

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1. United States
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Not surprisingly, the United States boasts by far the largest professionally-managed real estate investment market. In all, MSCI pegged the size of the market at $3.42 trillion at the end of 2019, up from $3.15 trillion at the end of the 2018. That marked an 8.6 percent rise. 

2. Japan
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Japan ranks a distant second to the United States, at $881.4 billion. The market grew 5.0 percent from 2018 to 2019. 

3. United Kingdom
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The United Kingdom comes in at number three on MSCI's size rankings. In 2019, the U.K..'s market was worth $745.5 billion, up 0.4 percent the year prior.

4. China
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China's professionally-managed real estate investment market stood at $592.2 billion at the end of 2019. That was up 11.2 percent from the $540.4 billion figure at the end of 2018. 

5. Germany
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Germany has the largest professionally-managed real estate investment market in continental Europe. The market was worth $580.1 billion at the end of 2019, up 10.3 percent from $535.4 billion a year prior.

6. France
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France's real estate investment market is about $140 billion smaller than its next door neighbor. In all, France's market was worth $441.2 billion at the end of 2019, up 5.3 percent from a figure of $426.6 billion at the end of 2018. 

7. Hong Kong
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MSCI measures Hong Kong's real estate market separately from mainland China. The city's market was worth $378.3 billion at the end of 2019, up 2.8 percent from the $366.3 billion figure at the end of 2018. 

8. Canada
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The Great White North boast the eight largest professionally-managed real estate investment market in the world. The market's value stood at $361.0 billion at the end of 2019, up 7.2 percent over the 2018 figure of $319.8 billion.

9. Australia
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Australia's real estate investment market grew at a rapid pace in 2019, ending the year 10.5 percent larger than it was 12 months prior. Overall, Australia's investment market was worth $306.8 billion at the end of 2019, up from $278.1 billion in 2018. 

10. Switzerland
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Switzerland rounded up MSCI's top 10. The nation's real estate investment market was worth $266.3 billion at the end of 2019, up 8.5 percent over the 2018 figure of $241.0 billion.

11. Sweden
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Sweden just missed out on cracking the top 10. The nation's real estate investment market was worth $231.5 billion at the end of 2019. It was one of the markets that grew the largest in the year, however. It was 14.7 percent larger than the $213.1 billion figure for 2018. 

12. Netherlands
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The professionally-managed real estate investment market in the Netherlands grew to $184.2 billion in 2019, up 12.2 percent over the $167.2 billion figure for 2018. 

13. Singapore
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Singapore's real estate investment market remained in the top 20, but it was one of the few markets that showed no growth from 2018. The $176.0 billion figure for 2019 was essentially unchanged from the $173.6 billion figure at the end of 2018. 

14. Italy
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Italy's real estate investment market grew modestly from 2018 to 2019. The 14th largest market on the globe stood at $128.1 billion at the end of 2019, up 4.4 percent from $125.0 billion at the end of 2018. 

15. Spain
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Spain is the last market on MSCI's list to crack the $100 billion threshold. At the end of 2019, the market stood at $110.8 billion, up from $104.4 billion at the end of 2018. 

16. South Korea
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South Korea's professionally-managed real estate investment market was worth $88.4 billion at the end of 2019, up from $83.6 billion at the end of 2018. 

17. Finland
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Finland's market stood at $86.5 billion at the end of 2019, up from $79.4 billion at the close of 2018. 

18. Denmark
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Denmark's professionally-managed real estate investment market was worth $70.7 billion at the end of 2019, up from $66.7 bilion the year prior.

19. Belgium
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Belgium's market was worth $59.8 bilion at the close of 2019. It had been $57.8 bilion at then of the previous year. 

20. Norway
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Norway rounds up the top 20 markets. The professionally-managed real estate investment market stood at $56.7 billion at the end of 2019. 

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