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 43,545 industry enterprises employing 575,177 workers with a payroll of $11.1 billion in total wages.
Over the five years through 2015, the industry revenue has grown at the low annualized rate of 10.6% to $29.3.... purchase to read more
Industry Report - Industry Products Chapter
Real estate agencies provide services such as market research, market positioning, marketing strategy analysis and sales of primary real estate for developers. Agency services commission are charged on the transaction value of sold real estate projects according to the contracted rate level. From 1998 through 2007, with greater prosperity in China's real estate markets, the sales value of commercial buildings increased at an average rate of 33.2% annually. At the same time, agency rates in major cities increased, as the specialization of real estate developer operations increased. Revenue from agency services increased rapidly during this period... purchase to read more