The trend from 2013 to 2023 in the self-employed real estate sector in Austria shows a fluctuating pattern with periods of both decline and growth. By 2023, the sector stood noticeably at 27.18 million hours. Early years showed steady declines, particularly sharp in 2014 and 2015. The period witnessed sporadic growth spurts, especially in 2018 and 2019, with a high increase in 2018 (12.21%). A significant drop occurred in 2020, followed by a recovery phase marked by growth in 2021 and slight fluctuations until 2023. The CAGR over the last five years stands at around -1.53%, indicating a mild long-term decline.
Future trends to watch for:
- Modest growth forecasted from 2024 to 2028 with an average CAGR of 0.67%.
- Expected steady rise to reach 28.38 million hours by 2028.
- Potential impacts of economic conditions, technological advancements, and regulatory changes on self-employment in the real estate sector.