The gross investment in the real estate activities sector in Chile has shown a general downward trend from 2013 to 2023, falling from 2.3374 trillion CLP in 2013 to 1.4138 trillion CLP in 2023. The most significant annual decline occurred in 2015, with a decrease of 18.75%. The sector experienced brief recoveries in 2017 and 2018, with growth rates of 2.54% and 21.48%, respectively. However, from 2018 onwards, the investments became declining steadily again, with a year-on-year decrease of approximately 2.87% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years is -2.66%, with a forecasted 5-year growth rate of -12.6%, indicating a continued decline through 2028.
Looking ahead, it will be crucial to monitor:
- Macroeconomic conditions in Chile, including inflation rates and GDP growth.
- Government policies and regulations affecting real estate investments.
- Market demand in the residential and commercial real estate sectors.
- Global economic trends impacting foreign investments in Chilean real estate.
- Technological advancements in construction and real estate management.
