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 36,790 industry enterprises employing 464,327 workers with a payroll of $8.2 billion in total wages.
Over the five years through 2014, the industry revenue has grown at the low annualized rate of 2.4% to $18.2.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Between 2009 and 2019, value-added in the Real Estate Agents industry in China is expected to increase at an average rate of 4.5%, lower than China's GDP growth during the same period.
China's real estate market has developed rapidly since housing system reforms were implemented in 2000. The sales volume and sales value of housing in China expands rapidly from 186.4 million square meters and $47.5 billion in 2000 to 1.2 billion square meters and $1.23 trillion in 2014.
As the real estate market in China continues to develop, demand for real estate agency services grows, and many new enterprises have been established in recent years. In the future, with the expansion of the existing real estate market in China, demand for brokerage services in this industry will also grow... purchase to read more