Forecast: Real Estate Output in Mexico

The real estate output in Mexico has seen a steady increase from 2013 to 2023, growing from 1.8124 Trillion Mexican Pesos to 2.7541 Trillion Mexican Pesos. The year-on-year variation over the past decade has fluctuated, with peaks reaching 5.34% in 2021 and lows of 2.92% in 2020, reflecting external economic impacts.

Looking at the Compound Annual Growth Rate (CAGR) gives deeper insight into the average year-on-year growth stability. From 2015 to 2019, the CAGR remained around 4.18-4.64%, stabilizing despite economic pressures. However, between 2020 to 2023, the CAGR hovered around 4.37%, signifying resilience amid the COVID-19 pandemic's economic disruptions.

Forecast data for 2024 to 2028 suggests a more conservative growth outlook, with a forecasted CAGR of 2.7% and a five-year cumulative growth rate of 14.23%. This indicates a deceleration in growth compared to previous years yet maintains an upward trajectory.

Future trends to watch for in this sector include the impact of regulatory reforms, advancements in sustainable development, and shifts towards remote work influencing real estate demands. Keeping an eye on macroeconomic variables, technological adoption, and consumer preferences will be crucial for anticipating further developments in Mexico's real estate market.