Between 2013 and 2015, the Value Added in Real Estate Activities in Chile saw a significant surge, peaking at 5.9127 trillion Chilean pesos in 2015. However, the subsequent year witnessed a sharp decline of 35.08%. From 2017 onwards, the sector experienced moderate fluctuations, with minor growth and decline periods. By 2023, the value stabilized at 3.5875 trillion Chilean pesos, marking a year-on-year increase of 0.75%. Over the last five years, the compound annual growth rate (CAGR) was 4.7%. Forecasts from 2024 to 2028 indicate a gradual increase, with a 5-year CAGR of 0.55% and a total growth rate of 2.77%.
Future trends to watch for include:
- Technological advancements impacting property management and sales.- Shifts in consumer preferences towards sustainable and smart buildings.- Potential regulatory changes to stimulate foreign investment.- Macroeconomic factors influencing real estate demand and supply.
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