The real estate sector in Belgium has experienced steady growth in employment over the past decade, reaching 25,200 employees in 2023. The year-on-year growth rates have shown variability but generally reflect a positive trend, with recent years averaging a growth below 2%. Over the last five years, the CAGR has averaged 1.84%, suggesting consistent albeit modest increases in employment.
Looking ahead, the forecast indicates continued growth, with the number of employees expected to reach 26,900 by 2028. The five-year forecast CAGR is 1.07%, indicating a slightly slower pace but still maintaining upward momentum. Key factors to monitor moving forward include technological advancements in property management, sustainability-driven projects, and economic policies impacting the real estate market.