- The market size of the global real estate market increased from $7.4 trillion to $8.5 trillion in 2017, and to $8.9 trillion in 2018.
- For a majority of people, 2/3rd of their family wealth is invested in their own family house.
- As per the report of the federal statistics, real estate’s contribution to the US economy was more than $2.7 trillion in the year 2018. Also, the GDP contribution was about 13%.
- The industry employed about 2 million corporate people and generated a profit of up to $10 billion.
These are a few out of many statements that prove real estate is a wide industry and is ever-growing. Even so, like every other industry, real estate has its own set of hurdles such as environmental changes, price volatility, long, tedious processes, increased mortgage rates, etc.
Also, with the evolving technological trends, traditional real estate business is plugging away to survive and sustain. This is where “Tokenization” comes into play and transforms the industry, removing all the challenges involved, and helping investors with efficient business experience. Now, what is real estate tokenization? Here’s a quick glance - https://www.blockchainappfactory.com/blog/how-to-tokenize-real-estate-assets/