In 2023, the output of the real estate sector in Brazil stood at 816.76 billion Brazilian Reals. Over the past two years, the year-on-year growth rates were 4.69% in 2022 and 4.44% in 2023. The average annual growth rate (CAGR) over the past five years was 5.01%. Historical data from 2013 to 2023 shows a decreasing trend in the year-on-year growth rates, suggesting a gradual stabilization in the market.
For the forecasted period from 2024 to 2028, the five-year compound annual growth rate (CAGR) is projected to be 2.97%, resulting in a total forecasted growth rate of 15.74%. This indicates a slowing growth trend compared to the previous period.
Future trends to watch for:
- Potential impact of economic policies and regulations on real estate investments.
- Changes in demographic trends affecting housing demand.
- Technological advancements and their influence on the real estate market, including smart buildings and digital real estate platforms.
- Environmental factors and sustainability requirements increasingly shaping real estate development and investments.
