Real Estate Market Size 2025: An Index Perspective (MSCI)

Summary

• The 2025 investable real estate market is USD 19.9 trillion, up 1.1 T (+5.7%).p.3
• The professionally managed market is USD 13.5 trillion, up 964 B (+7.6%).p.3
• New portfolios added 1.9% to the 2025 market size estimates, while existing portfolios rose 6.3% year on year.p.5
• Global currency impact was +4.9%, with 34 of the 36 markets seeing local currency strengthen against the USD.p.9
• The United States weight in the MSCI Global Annual Property Index fell from 46.1% to 43.8%.p.11
• 53% of data is sourced from MSCI Real Estate datasets.p.4

Key insights

1. The regional breakdown shows EMEA growth of 16.7%, mostly driven by currency impact.p.6
2. Sweden's weight in the Global index rose from 2.3% to 3.0%, the largest net shift of 70 bps.p.11
3. Switzerland's weight in the Global index rose from 3.4% to 3.9%.p.11
4. In the MSCI Europe index, Germany's weight fell from 17.9% to 16.6% and the UK's from 23.6% to 22.3%.p.12
5. In the MSCI Asia index, China's weight fell from 34.5% to 33.1% while Japan's rose from 28.1% to 29.3%.p.13
6. The combined contribution of EUR-denominated currencies to the global currency impact is 2.3%.p.9