Forecast: Production of Real Estate in Spain

The analysis of the real estate production in Spain from 2013 to 2023 reveals fluctuating growth patterns. Between 2013 and 2015, the sector experienced minor contractions. In 2016, there was a modest recovery, which continued with notable increases from 2017 to 2019. However, a decline occurred in 2020 due to external factors, followed by a rebound in subsequent years, reaching 157.09 billion Euros in 2022. The value stood at 159.91 billion Euros in 2023, with a year-on-year variation of 1.79% and a five-year compound annual growth rate (CAGR) of 1.8%.

Future trends to watch include:

  • Continued overall growth trend with a forecasted five-year CAGR of 1.4%.
  • Potential economic impacts and market adjustments influencing real estate production.
  • Technology and sustainability developments shaping future real estate projects.

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