Comparative Analysis of the Real Estate Market in Different Countries

Abstract

As a matter of fact, real estate industry has always been an important market that countries attach importance to. In recent years, the whole world seems to be facing a decline in the real estate market, especially in Asia including China. In reality, the globalization effect is not so strong for the real estate market. With this in mind, this study will compare the situation of the real estate industry (sales, house prices, etc.) in China, the United States and Japan in the past few years. Based on the analysis and evaluations, this research finally analyses whether the real estate market is globalized. Subsequently, this paper will analyze the similarities and differences of the development trends of the real estate market in different countries in recent years. According to the analysis, relative suggestions will be put forward based on the estimations. Overall, these results shed light on guiding further exploration of real estate market analysis in different regions.