The forecast for Japan's Real Estate Activities Gross Value Added growth rate from 2024 to 2028 shows a consistent negative trend of -0.21%. This follows the actual data from 2023, indicating a downward movement in this sector. The consistent negative value suggests stagnation or contraction over the medium term, pointing towards persistent challenges in Japan's real estate sector.
Future trends to watch for include:
- Potential policy interventions to revitalize the sector, which could influence growth rates.
- Demographic changes, such as aging population, impacting real estate demand.
- Technological advancements in real estate activities, potentially altering the market dynamics.
- Global economic conditions, which may have spillover effects on Japan’s real estate market.
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