The Value Added in the Real Estate Activities Sector in Chile has experienced significant fluctuations over the past decade. After a notable peak in 2015 with an increase of 125.74%, the value dropped by 35.08% in 2016 but rebounded with a 24.53% increase in 2017. The sector saw a sharp decline in 2018 (-40.36%), followed by moderate growth in subsequent years. By 2023, real estate value stood at 3.5875 trillion Chilean Pesos, representing a modest 0.75% year-on-year growth.
Recent trends show a steady but slow growth, with a CAGR of 4.7% over the last five years and a forecasted 0.55% CAGR from 2023 to 2028. Overall, the sector is projected to grow at an average annual rate of 2.77% over the next five years.
Future trends to watch for include:
- Technological advancements in real estate management and transactions.
- Regulations impacting property development and ownership.
- Economic factors influencing investment in real estate.
- Shifts in consumer preferences for residential versus commercial properties.
