From 2013 to 2023, the Spanish real estate activities sector showed fluctuating growth, with notable increases in 2015 and 2017, marked by year-on-year growth rates of 8.92% and 10.14%, respectively. Despite a decline in 2020 by -8.63%, the sector rebounded with substantial growth in the following years, reaching 30.45 billion euros in 2023. The compound annual growth rate (CAGR) for the past five years was 4.17%, indicating consistent recovery and expansion after the dip in 2020.
Looking towards the future, the forecasted data predicts steady growth, with the sector reaching 36.18 billion euros by 2028. The five-year forecasted CAGR stands at 2.73%, maintaining a positive trend though at a slightly moderated pace.
Future trends to watch in the real estate activities sector in Spain include:
- Impact of economic policies and regulations on real estate investment.
- Technological advancements and digital transformation in property management and transactions.
- Potential shifts in demand for commercial versus residential real estate due to changing work habits and demographics.
