Society is on the brink of a new era that will be shaped by major advances in technology and lasting demographic transformations. Over the next 20 years, changes in consumer models and behavior as well as the environment will affect how we do business, the value of property investments and even the global real estate market as we know it. The following list shows the megatrends we can expect in upcoming years. Megatrends of the future: Population growth and urbanization Aging demographics Environmental laws E-commerce advances Smart home technology Telecommuting Distance learning Independent travel 1. The rise of the megacity The world's urban population will reach 6.3 billion by 2050 according to the United Nations, from 3.9 billion currently. Two-third...
- Megacities -- cities with a population of more than 10 million -- will grow from 28 to 41 by 2030.
- The population will tally 1.4 billion people over the age of 60 -- that's 56 percent of the world population by 2030.
- There will be far less demand for brick-and-mortar stores or even schools for that matter with the popularization of e-commerce and distance learning.