In the analysis, published on January 25th, all commercial and residential property, forestry and agricultural land were valued at $217,000,000,000,000 for 2015.

The head of Savills world research, Yolande Barnes, revealed his opinion on this analysis.

"To give this figure context, the total value of all the gold ever mined is approximately US$6 trillion, which pales in comparison to the total value of developed property by a factor of 36 to 1. The value of global real estate exceeds – by almost a third – the total value of all globally traded equities and securitised debt instruments put together and this highlights the important role that real estate plays in economies worldwide. Real estate is the pre-eminent asset class which will be most impacted by global monetary conditions and investment activity and which, in turn, has the power to most impact national and international economies.”

Majority of this estimate is in residential property, which makes sense since people need more homes than offices, market, e.t.c.

21% of the world’s total residential worth can be found in North America, while China, which has early a fifth of the world’s population, accounted for nearly a quarter of the total value.

South America, the Middle East and Africa had 5% of the commercial market, Europe had over a quarter while Asia and Australasia made up for 22%.