The analysis of Global Total Hours Worked in Real Estate reveals significant variations among countries. In 2023, the United Kingdom led with 941.06 million hours, featuring a year-on-year growth of 1.84%. Colombia and Germany followed with 624.0 and 599.0 million hours respectively, though Germany showed minimal growth at 0.17%. Switzerland, Spain, and Sweden also observed positive increments. Conversely, Poland and Estonia experienced declines in hours worked. Rapid growth was noted in countries like Greece (4.84%) and Israel (2.82%), while Luxembourg, Belgium, and Iceland showed significant increases.
Future trends to watch include the potential for continued growth in emerging markets like Greece and Israel, as well as the impact of technological advancements and economic conditions on real estate sectors across different countries. Monitoring these trends will provide a comprehensive understanding of shifts in global labor patterns within the real estate industry.
Top countries in Total Hours Worked in Real Estate by Country
| # | 10 Countries | Million Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 941.06 | 2023 | +1.64% | +1.84% | View data |
| 2 | 2 Colombia | 624 | 2023 | +0.16% | +0.99% | View data |
| 3 | 3 Germany | 599 | 2023 | +0.17% | +0.17% | View data |
| 4 | 4 Switzerland | 482.39 | 2023 | +0.75% | +0.64% | View data |
| 5 | 5 Spain | 420.84 | 2023 | +1.94% | +1.68% | View data |
| 6 | 6 Poland | 283.81 | 2023 | -0.37% | -0.23% | View data |
| 7 | 7 Czech Republic | 192.53 | 2023 | +0.72% | +0.49% | View data |
| 8 | 8 Chile | 177 | 2023 | +1.14% | +1.29% | View data |
| 9 | 9 Sweden | 161.33 | 2023 | +1.45% | +1.54% | View data |
| 10 | 10 Hungary | 124.19 | 2023 | +0.59% | +0.47% | View data |
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