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 - Industry Locations Chapter
Within the Real Estate Agents industry in China in 2013, industry activities are highly concentrated in major cities of East China, Middle South China and North China. The main reasons for the high concentration levels in these three regions are the highly concentrated populations, large and rapid increasing real estate market volumes, the highly developed real estate sector in major cities, and relatively high personal disposable income levels. Beijing, Shanghai and Guangdong are the top three cities or provinces in this industry.
Total sales value of residential buildings in Shanghai reached $53 billion and ranked the third in China with a share of about 10.5% in 2009, with sharp increase in sales volume and average housing prices... purchase to read more