Between 2013 and 2023, the production of real estate in Chile saw consistent growth, starting at 12.634 trillion Chilean Pesos in 2013 and reaching 23.197 trillion Chilean Pesos in 2023. The year-on-year variation peaked in 2015 at 11.17% and steadily decreased to 3.05% by 2023. A notable downturn occurred in 2020 with a -1.6% change, likely influenced by global events. The five-year CAGR also demonstrated a downward trend, from 9.69% in 2018 to 2.28% in 2023.
For the forecasted period of 2024-2028, the production of real estate is expected to grow at an average annual rate of 2.28%, reaching 26.718 trillion Chilean Pesos in 2028. This indicates a slower growth rate compared to previous years, but a total growth of 11.92% over five years.
Future trends to watch for include potential impacts of economic policies, investments in infrastructure, and shifts in demand dynamics influenced by global economic conditions. Sustainability factors and housing market adjustments will also play crucial roles in shaping the trajectory of real estate production in Chile.
