Forecast: Real Estate Gross Value Added in Japan

The Real Estate Gross Value Added (GVA) in Japan is forecasted to exhibit a gradual decline from 2024 to 2028. In 2023, the GVA was recorded at approximately 590 billion US dollars. The forecasts indicate a continuous decrease, with a year-on-year reduction in value: 0.64% from 2024 to 2025, 0.64% from 2025 to 2026, 0.63% from 2026 to 2027, and 0.64% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period shows a steady average decline.

Future trends to watch for include potential market adjustments due to demographic shifts, policy changes on foreign investment, and technological advancements in real estate technology which could impact recovery and growth patterns.

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