The production of real estate in Portugal exhibited a steady growth trend from 2013 to 2023, reaching 28.62 Billion Euros in 2023. Year-on-year growth between 2013 and 2019 averaged around 4.41%, with a notable dip in 2020 due to the pandemic, but rebounded with a significant increase in 2022 at 7.75%. The compound annual growth rate (CAGR) over the last five years up to 2023 stood at 2.23%. Forecasts suggest continued growth from 2024 to 2028 with a five-year CAGR of 1.73%, reflecting a moderate yet steady upward trajectory.

Future trends to watch for:

Economic recovery and stability post-pandemic driving investment in real estate.
Increased demand for sustainable and energy-efficient buildings.
Technological advancements in construction methods potentially reducing costs and increasing production efficiency.