The Gross Investment in the Real Estate Activities sector in Spain stood at 5.48 billion Euros in 2023. Over the past decade, the sector has experienced significant fluctuations. The period from 2013 to 2017 saw some growth and recovery, but from 2018 onwards, there has been a recurring decline.
From 2021 to 2023, the sector saw continuous negative growth, with year-on-year variations of -8.52% in 2021, -5.64% in 2022, and -5.92% in 2023. The compounded annual growth rate (CAGR) over the five years leading to 2023 is -2.79%.
Looking forward, the sector is forecasted to continue its decline, with a forecasted five-year CAGR of -5.82% leading to a growth rate of -25.9% by 2028. This indicates a significant contraction in the sector.
Future trends to watch for:
- Market responses to fiscal policies and regulatory changes.
- Potential impacts of technological advancements and digital transformation in real estate.
- External economic factors including interest rate changes and global economic conditions.
- Shifts in demand influenced by demographic changes, urbanization trends, and societal preferences.
