The net operating surplus for the real estate sector in Chile has shown a robust growth trajectory from 2013, witnessing incremental increases year-on-year. The value in 2023 stood at 11.521 trillion Chilean Pesos, marking an increase of 3.39% from the previous year. The last two years have demonstrated relatively lower growth rates, reflecting a slight deceleration. However, the Compound Annual Growth Rate (CAGR) from 2018 to 2023 was observed at 3.26%, indicating moderate yet steady growth. The CAGR from 2023 to 2028 is forecasted at 2.26%, suggesting a continued albeit slower upward trend, with an overall growth rate of 11.84% over the period.
Future trends to watch for:
- Impact of regulatory changes on real estate investments and operating surpluses.
- Inflationary pressures and currency fluctuations affecting real estate revenues.
- Technological advancements and their adoption in property management to improve efficiency.
- Shifts in consumer preferences and economic conditions influencing real estate demand.
