Los Angeles, CA (PRWEB) January 18, 2012
Despite having a short modern history, the Real Estate Agents industry in China has developed rapidly over the past decade, in line with the high growth across China's real estate markets, according to IBISWorld, America's largest publisher of industry research. China's large population, the accelerating urbanization process, rising household disposable income and strong economic growth have all contributed to the development of the real estate market. As a result, there is increasing demand for real estate agents in China to meet the expanding market volumes, requirements for higher transaction efficiency, and professional divisions across real estate development enterprises.
Within the Real Estate Agents industry in China in 2011, affected by the shrinking new house and pre-existing house sales in major first-tier cities, industry revenue is estimated to have decreased by 10% to $14.4 billion. In 2010, affected by the government's macro-control of the overheating real estate market in China, industry revenue growth slowed to 10.3%.
In 2009, China's real estate market recovered from weaker demand growth of 2008, resulting in increased transaction volumes for newly built and pre-existing buildings. Within this industry, revenue increased by 59.3% in 2009, which followed a 17.3% drop in 2008.
Over the five years through 2016, the Real Estate Agents industry in China is expected to develop stably, with industry revenue expected to increase at an annualized rate of 9%.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld’s full report on the Real Estate Agents industry in China for $825 at ibisworld.com.cn.
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Real Estate Agents in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.
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