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San Francisco, CA (PRWEB) February 24, 2013
China's large population, the accelerating urbanization process, rising household disposable income and strong economic growth have all contributed to the development of the real estate market. As a result, there is increasing demand for real estate agents in China to meet the expanding market volumes, requirements for higher transaction efficiency, and professional divisions across real estate development enterprises. Over the five years through 2013, the industry is expected to grow at an annualized rate of 11.9% to $17.4 billion.
The Real Estate Agents industry has a low market share concentration level; revenue generated by the top four players accounts for less than 10.0% of total industry revenue. However, market share concentration is expanding in line with the operating scale of the industry's largest firm: E-House, SHenzhen World Union Properties Consultancy, Century 21, and Hopefluent Group Holdings.
Over the five years through 2018, IBISWorld forecasts that the Real Estate Agents industry in China will continue to develop rapidly. With intensifying competition, the separation of real estate development and sales will continue. The outsourcing of real estate sales operations will enhance the operational efficiency of real estate developers and offer new opportunities for real estate intermediation services providers within this industry.