The data shows a decline in government subsidies on housing development from 2013 to 2020, with a significant dip in 2020. However, a remarkable rebound occurred in 2021, where subsidies surged by 57.32%. The value stood at 63.8 million euros in 2023, reflecting a small increase of 2.57% from 2022. Over a 5-year period leading up to 2023, the Compound Annual Growth Rate (CAGR) is -0.89%, indicating an overall declining trend.
From 2024 onwards, forecasted data suggests a gradual increase in subsidies, growing at a forecasted 5-year CAGR of 0.22%, reaching 64.8 million euros by 2028. This represents an overall growth rate of 1.09% over the forecasted period.
- Short-term recovery in 2021 after a decline in 2020
- Stabilization in the subsequent years with moderate growth expected till 2028
Future trends to watch for include potential policy shifts, changes in economic conditions affecting government budgets, and socio-economic factors influencing housing demand.
