The Punch
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.
Brief written with AI from reporting by The Punch. All rights to the original story belong to the publisher.