Savills data shows the total global value of real estate hit $217 trillion in 2015—the largest asset type by a few trillion dollars.
Residential real estate makes up the biggest piece of the pie, at $162 trillion, leaps ahead of both high quality/commercial ($29 trillion) and agricultural ($26 trillion).
For context, all the world's gold comes out to "just" $6 trillion, less than 3% of the total real estate value, Savill's head of world research, Yolanda Barnes, says.
That $217 trillion is also almost three times the world’s GDP. According to the Savills study, quantitative easing and low interest rates fueled a real estate price spike, which helped boost the total value.
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