Industry Analysis & Industry Trends
The still young Real Estate Agent industry in China has developed rapidly over the past decade, in line with the high growth across China's real estate markets. China's large population, the accelerating urbanization process, rising household disposable income and strong economic growth have all contributed to the development of the real estate market. As a result, there is increasing demand for real estate agents in China to meet the expanding market volumes, requirements for higher transaction efficiency, and professional divisions across There are about 37,928 industry enterprises employing 483,674 workers with a payroll of $8.7 billion in total wages.
Over the five years through 2013, the industry has grown at an annualized rate of 17.7% to $22.4 billion.... purchase to read more
Industry Report - Starting a New Business Chapter
Entry barriers to this industry have generally been low. However, these levels can fluctuate in different sub-industries.
The barriers to operate in the pre-existing real estate brokerage industry are fairly low. Start-up costs and requirements for employees in brokerage companies are low. However, new entrants may be faced with limited real estate information and few customers.
Operations for real estate agencies, consulting and evaluation have high requirements for employee professional qualifications and registered capital. For example, the minimum registered capital for the establishment of a real estate evaluation firm is RMB 300,000 ($44,000 in the form of a limited liability company or RMB 500,000 ($73,500) in the form of a partnership... purchase to read more