The data showed strong nominal growth of about 89 percent, but a more modest real growth of 3.5 percent, with the sector contributing 13.36 percent to overall GDP. This reflects rising investment and property values, even as the broader economy continues its recovery.
The performance was better than the prior quarter, but slightly lower than Q3 2024, with key drivers being rising property values, increased investment, and a buoyant rental market, particularly for short-lets.
To improve on this performance, experts say a few things need to be done, including working on both the demand and supply sides of the real estate products.