The Real Estate Gross Value Added (GVA) in Brazil has shown a steady increase over the years, rising from BRL 419.2 billion in 2013 to BRL 705.12 billion in 2023. Year-on-year growth has generally been decreasing: from a peak of 16.79% in 2013 to 3.36% in 2023. The compound annual growth rate (CAGR) also reflects this trend, showing a decline from 13.63% in 2013 to 3.7% in 2023. Over the last two years, the growth rate has averaged around 3.36% per year.
Looking forward, the forecast for 2024 onward indicates a continued but slower growth rate with a five-year CAGR of 2.25%. By 2028, the Real Estate GVA is expected to be BRL 813.17 billion, showing a forecasted five-year growth rate of 11.76% from 2023 to 2028.
Future trends to watch for include regulatory changes, macroeconomic conditions, investment inflows, and technological advancements in real estate. Also, monitoring the impacts of global economic shifts on Brazil's real estate market could provide further insights.
