REAL ESTATE
In nominal terms, Real Estate Services in the second quarter of 2018 grew by 1.03%, lower by –5.14% pointsthan the growth rate reported for the same period in 2017 and higher by 9.41% points compared to thepreceding Quarter. Quarter-on-Quarter, the sector growth rate was 30.26%. The contribution to nominalGDP in Q2 2018 was 7.09%, lower than the 7.97% reported in corresponding quarter of 2017 but higherthan the 5.87% reported in the preceding quarter.
Real GDP growth recorded in the sector in Q2 2018 stood at -3.88%, lower from growth recorded in Q22017 by –0.36% points and higher by 5.52% points relative to Q1 2018. Quarter-on-quarter, the sectorgrew by 24.70% in the second quarter 2018. It contributed 6.83 % to real GDP in Q2 2018, lower than the7.21% it recorded in the corresponding quarter of 2017 and higher than the 5.63 % in the preceding quarterby -0.38% points and 1.19% points respectively.
