The Value Added of Real Estate in Chile has shown a steady upward trend from 2013 to 2023, with the value standing at 18.577 Trillion Chilean Pesos in 2023. Since 2013, the year-on-year growth has seen fluctuations with a notable decline during 2020 at -1%. Despite this, the sector recovered steadily, achieving a 3.53% increase in 2023. Observing a compound annual growth rate (CAGR) over the past five years, there has been a deceleration to 3.54%, reflecting more modest growth compared to earlier years.
Looking forward to 2028, forecasts suggest continued growth with an average annual increase of 2.59%, culminating in a forecasted value of 21.834 Trillion Chilean Pesos, achieving a cumulative growth rate of 13.65% over the next five years. Thus, while growth may be slower than in the earlier years, the real estate sector in Chile remains steadily expanding.
Future trends to watch for:
- Potential impacts of economic policies and global economic conditions on growth rates.
- Technological advancements and sustainability trends within the real estate sector.
- Urbanization and demographic shifts which may influence demand and investment in real estate.
