Experts Reveal Hidden 2024 Property Growth Predictions Secrets
Demographic Shifts and Urbanization
Demographic trends, such as urbanization and population growth, are also critical to understanding property market dynamics. Urban areas continue to attract a growing number of people seeking employment and better living standards. The United Nations projects that by 2024, over 56% of the world's population will reside in urban areas2. This urban migration trend is likely to drive demand for housing and commercial spaces, making urban properties a potentially lucrative investment.
Furthermore, the aging population in many developed countries is leading to increased demand for retirement communities and healthcare facilities. Investors who can anticipate and cater to these demographic needs may find profitable opportunities in specialized property markets.