Demography is a critical driver of real estate demand. Population growth in the world rapidly accelerated in the 20th century and is still increasing. While the growth may be leveling off in some industrialized countries, it is still robust in most countries.
Increased population requires more housing, shopping, places to work (which includes both factories and office buildings) and more hotels for travel and recreation. But sheer numbers are only one facet of the growing global population. As people become wealthier, per capita consumption in all goods and services rises, which includes, and sometimes is especially reflected in, real estate.
Read more...Demographics and Real Estate Demand
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