The production value of real estate in Spain has shown a general upward trend from 2013 to 2023, with some fluctuations. In 2023, the value stood at 30.45 billion Euros. Between 2013 and 2023, notable growth periods occurred in 2015 (8.92% YoY) and 2019 (10.83% YoY). However, dips were observed in 2018 (-3.3% YoY) and 2020 (-8.63% YoY). The last five years (2018-2023) saw an average CAGR of 2.73%, indicating a steady growth trajectory. Forecasts suggest the value will continue to rise, reaching 36.18 billion Euros by 2028, marking a 14.43% aggregate growth over the next five years.

Future trends to watch for:

Potential impact of macroeconomic factors such as inflation and interest rates.
Technological advancements influencing real estate development and transactions.
Government policies and regulations affecting the real estate market.
Demographic changes impacting housing demand.