From 2013 to 2023, the real estate value added in Brazil showed moderate growth, with some fluctuations. The Compound Annual Growth Rate (CAGR) has decreased over time, starting at 1.79% in 2013 and dropping to 0.18% in 2023. The year-on-year variations also indicate volatility, with peak growth in 2015 at 3.75% and slight declines in 2018 and 2019. By 2023, the industry value stood at 9.87, showing a 0.24% increase from the previous year. From 2024, the future forecasts suggest a marginal growth, with a 0.18% CAGR and an overall growth rate of 0.9% by 2028.
Future trends to watch for:
- Maintain a close watch on potential policy changes impacting the real estate sector.
- Monitor the global economic conditions which might influence Brazil's market.
- Observe technological advancements and green building practices for possible industry evolution.