Real estate sector grow 3 times to $1.5 trillion by 2034

Real estate sector expected to grow three times to $1.5 trillion by 2034

The proportion of high-net-worth and ultra-high-net-worth individual households is expected to rise from 3 % now to 9% by 2034,

Which will drive demand for luxury housing.

The real estate sector is seen reaching $1.5 trillion by 2034

More than trebling from $482 billion

Constituting 10.5% of the total economic output

Up from 7.3%last year, over the next decade, says an industry report.