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 incomes 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 and requirements for higher transaction efficiency. There were about 46,419 industry enterprises employing 618,315 workers with a payroll of $12.4 billion in total wages in 2016.
Over the five years through 2016, industry revenue grew at the low annualized rate of 18.6% to $38.5 billion.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Between 2011 and 2021, value-added in the Real Estate Agents industry in China is expected to increase at an average rate of 14.6%, higher than China's GDP growth during the same period of 6.5%.
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 an estimated 1.5 billion square meters and $1.6 trillion in 2016.
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 .. purchase to read more