Real Estate Sectors See Slower Growth in 2024, According to New Report.

The real estate sector's GDP growth rate declined in 2024, with rates of 0.84%, 0.75%, and 0.68% in Q1, Q2, and Q3 respectively. These figures lagged behind the national GDP growth rate.

The real estate sector's GDP growth rate slowed significantly in 2024, with quarterly figures showing 0.84%, 0.75%, and 0.68% growth rates in Q1, Q2, and Q3, respectively. These numbers lagged behind the national GDP growth rate of 2024, indicating a decline in performance compared to previous years. The subdued growth is attributed to various factors affecting the sector, including economic conditions and market trends. As a result, the real estate sector's overall contribution to the country's GDP was negatively impacted in 2024.