What is All The Property in The World Worth?
The Chinese property sell-off has been overdone, James says AFP/Getty It's $217,000,000,000,000 - that's 12 zeroes The total value of world real estate reached $217tn (£153tn) in 2015 – $217 million million – and is more than 12 times US GDP, or 21 times China’s GDP. This figure measures the entire property universe, including commercial and residential property as well as forestry and agricultural land. This means that the world owns real estate assets that are nearly three times its annual income – 2.7 times GDP. Property represents 60pc of the total of mainstream global assets, which also includes globally traded equities and securitised debt. It is also equivalent to 36 times the total value of all the gold ever mined (approximately $6tn), 2.3 times the value of outstanding securitised debt ($94tn), and 3.9 times the total value of equities ($55tn).