The value of the global ‘invested market’ will grow by nearly 40% to $13.7 trillion (£6.7 trillion) over the next five years, according to the latest research by RREEF.

The property fund manager arm of Deutsche Bank revealed the figure in its report The Future Size of the Global Real Estate Market published today.

But this means a global slowdown, the report said: ‘This growth is far smaller than experienced during the bull run of recent years with, for instance the US market increasing in value by over 20% alone.’

‘Despite the slowing in the pace of growth, the increase in the market by $4 trillion (£1.9 Trillion) represents a further significant growth in the market that will provide opportunities, and risks, for investors participating across global markets.’