The subcontracted employees in Japan’s real estate agents and land subdividers and developers sector are forecasted to decline steadily from 2.87 thousand persons in 2024 to 2.48 thousand persons in 2028. This represents an annual decrease of approximately 3.49% from 2024 to 2025 and a continued decline through subsequent years with a compound annual growth rate (CAGR) of about -3.58% over the five-year period. As we enter 2024, the sector showed a potential downward trend starting from the current figures.
Future trends to watch include:
- The impact of technological advancements reducing the demand for subcontracted roles.
- Shifts in market dynamics, possibly driven by an aging population, influencing real estate development.
- Potential policy changes affecting employment structures within the sector.
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