Based on the provided data, the output of real estate in Portugal has shown a steady increase from 2013 to 2023, with the value standing at 30.25 Billion Euros in 2023. The year-on-year variation has generally been positive, except for a slight slowdown in growth observed in 2020 due to external factors likely linked to global events. Over the last two years, there was a modest increase in real estate output with growth rates of 2.59% annually. The Compound Annual Growth Rate (CAGR) over the past five years has been 3.43%.
Looking ahead to the forecast period from 2024 to 2028, the real estate output is expected to continue its growth trend but at a slower pace, with an average annual growth rate (CAGR) of 1.81% and a cumulative growth of 9.37% over the five-year period.
Future trends to watch for include potential impacts of economic policies, shifts in market demands, and external economic factors such as inflation rates or global economic shifts. Additionally, changes in technology and sustainability practices in real estate could influence future output and overall market dynamics.
