Forecast: Total Hours Worked in Real Estate in Chile

The total hours worked in the real estate sector in Chile stood at 177 million hours in 2023. From 2013 to 2023, the sector generally showed a positive trend, peaking at various points and recovering even after minor dips. Year-on-year variations indicated consistent growth, peaking at a 7.69% increase in 2017. The average annual growth rate (CAGR) over the last five years until 2023 was 1.29%

Looking ahead, the forecasted data from 2024 to 2028 suggests a steady increase, with a forecasted 5-year CAGR standing at 0.88%, and an overall growth rate of 4.47% by 2028. This implies a moderate but stable upward trend in total hours worked in the real estate sector.

Future trends to watch for include potential technological advancements in the real estate sector, changing market dynamics post-pandemic, and economic factors that may influence workforce needs and efficiency. Additionally, regulatory changes and environmental sustainability efforts could further impact labor hours in this industry.