The global property management service market is anticipated to grow at a CAGR of 10.5% during the forecast period (2023-2030). According to the United Nations, the global human population reached 8.0 billion in mid-November 2022 from an estimated 2.5 billion people in 1950, adding 1 billion people since 2010 and 2 billion since 1998. The world’s population is expected to increase by nearly 2 billion persons in the next 30 years, from the current 8 billion to 9.7 billion in 2050, and could peak at nearly 10.4 billion in the mid-2080s. As the population grows, the demand for housing also increases. Population growth often demands the development of infrastructure to support the expanding population's needs. This includes the construction of transportation networks, schools, healthcare facilities, shopping centers, and other facilities. Also, there is a lot of paper works involved in the process of buying and renting a house or to construct any of the above facilities and with their busy lives people opt for property management services. Companies and the government are taking necessary steps toward maintaining the real estate business and making people’s life easier. For instance, in January 2022, Greystar Real Estate Partners, LLC, a global leader in the investment, development, and management of real estate properties, completed the acquisition of 5 properties worth $400 million.
Browse the full report description of “Property Management Service Market Size, Share & Trends Analysis Report by Application (Residential and Commercial), by Services (Mortgage & Utility Payment, Rent Collection, Legal & Accounting Services, Leasing, and Repair & Maintenance), and by End User (Housing Associations, Property Managers, Property Investors, and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/property-management-service-market
Another factor supporting the market growth includes various market key players' growing adoption of strategic initiatives. For instance, in December 2021, Aurum Proptech will invest $5million to acquire a majority share in B2B SaaS firm TheHouseMonk. The startup is in the real estate business. It intends to use the fund raised for expansion in Europe and the United States, as well as entry into Asia, which is now its main market.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Application
o By Services
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes CBRE Group Inc., Lincoln Property Management, Cushman & Welfare Plc., The RMR Group LLC, Vacasa LLC, Greystar Worldwide LLC, BH Management Services, LLC, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Property Management Service Market Report Segment
By Application
By Services
By End User
Global Property Management Service Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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