Forecast: Number of Persons Employed of Real Estate in Austria

Employment in the Austrian real estate sector increased from 54.65 thousand employees in 2013 to 57.96 thousand employees in 2023, demonstrating a notable upward trend despite fluctuations. The year-on-year growth in 2023 stood at 2.6%, while the CAGR over the last five years was 3.13%. This indicates a consistent annual increase in employment within the sector. The forecasted data projects continued growth, with employment expected to reach 65.08 thousand by 2028, reflecting a 5-year CAGR of 1.84% and a total growth rate of 9.54% over this period.

Future trends to watch for include the impact of economic policies, technological advancements, and market demands on employment in the real estate sector. These factors could significantly influence growth rates, potentially leading to either accelerated expansion or stabilization in the coming years.