Has is it ever occurred to you the worth of all properties in the world if being combined? Believe it or not but the total value of all the real estate properties in the world has summed up to $217tn (£153tn). This figure is based on 2015's record.
Telegraph UK has reported that the total worth of all properties in the world has actually arrived at $217tn. Based on the article, the total amount is actually "more than 12 times US GDP, or 21 times China's GDP."
According to the report, the total value has measured "the entire property universe, including commercial and residential property as well as forestry and agricultural land." As explained in the report, the real estate asset is almost thrice as much of its annual income.
Report says that the annual income of world is 36 times the total value of gold that had been mined. It is noted that the amount is approximately $6tn. To add, it is "2.3 times the value of outstanding securitised debt ($94tn), and 3.9 times the total value of equities ($55tn)."
Of course the computed total value of all properties in the world is not totally accurate. It is only limited to real estate properties that are duly recorded, and it doesn't include "properties that are not formally recorded."
The total value of all the real estate properties would soon increase as house prices increased in some other countries. Today, the top 5 most expensive houses and properties in the market are in the following cities: Monaco, London (UK), Hong Kong, New York City, and Paris (France). This is based on the report of Global Property Guide.
As for the cheapest city in the world, the top 5 are: Dar es Salaam (Tanzania), Cairo (Egypt), Nairobi (Kena), San Salvador (El Salvador), and Amman (Jordan).
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