Between 2013 and 2023, real estate production volumes in Chile exhibited an overall upward trend, growing from 14.363 Trillion to 18.136 Trillion Chilean Pesos. Despite a dip in 2020 due to external factors, the market rebounded and continued its growth trajectory. The year-on-year growth rates varied, with significant growth observed in 2022 at 6.8%. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 was 1.35%, indicating steady, albeit modest, growth.
Looking ahead, forecasted data from 2024 to 2028 suggests continued growth in the real estate sector, with production volumes expected to reach 19.403 Trillion Chilean Pesos by 2028. The predicted five-year CAGR stands at 1.12%, with a total forecasted growth rate over these five years of 5.74%.
Future trends to watch include:
-Potential impacts of economic and political changes on the real estate market.
-Technological advancements and their integration into real estate practices.
-Shifts in consumer demand and preferences, especially post-pandemic.
-Environmental regulations and sustainability considerations shaping construction practices.
