Industry Analysis & Industry Trends
Despite having a short history, the Real Estate Agents 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 real estate development enterprises. Over the five years through 2013, the industry is expected to grow at an annualized rate of 11.9% to $17.4 billion.... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years through 2013, revenue for the Real Estate Agents industry in China is expected to grow at an annualized rate of 11.9% to $17.4 billion. The number of industry enterprises is expected to total 35,666 with about 457,763 workers and a payroll of $7.2 billion in total wages.
The rapid development in China's real estate market in the first few years of the period stimulated demand for real estate intermediation services from this industry.
During 2009, China's economy recovered gradually with the implementation of the government's four-trillion-yuan economic stimulus plan. A high volume of banking loans was extended to support the implementation of the stimulus plan, and greater liquidity existed in China's economy... purchase to read more