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China now the 4th largest real estate market globally

China is now the fourth-largest real estate market in the world, overtaking Germany, but still behind US, UK, and Japan. According to the latest MSCI Real Estate Market Size Report, the professionally managed global real estate investment market grew 8.5% to USD11.4tr in 2021 from USD10.5tr in 2020, led by a property rally in the US and China. The US and China accounted for about 60% of the real estate market growth in 2021. The largest change came from the US, whose market size gained USD466.3bn to USD4.12tr, while China came in second, growing by USD123bn to USD791bn. Globally, the largest driver of market size was asset value growth — contributing 9.2% of standing investments.


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