The real estate output in Finland has consistently shown growth from 2013 to 2023. By 2023, the output stood at 40.22 billion Euros. Analyzing year-on-year variations, there has been an average annual increase, albeit slight deceleration in growth rates: from 4.23% in 2013 to 2.66% in 2023. However, the long-term Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) has been approximately 2.83%.
Future trends indicate a continued but moderated growth path with a forecasted five-year CAGR of 1.88%, leading to a 9.77% total growth by 2028. The output is expected to reach 45.28 billion Euros by 2028.
Trends to monitor:
- Potential impacts of economic fluctuations and policy changes on the real estate market.
- Technological advancements in real estate and construction sectors.
- Shifts in consumer behavior and preferences due to remote work trends and urbanization patterns.
- Regulatory measures related to sustainability and environmental considerations in property development.