Forecast: Employment in Real Estate Activities Sector in Belgium

Employment in Belgium's real estate activities sector has shown mixed trends from 2013, with initial years fluctuating moderately. Significant growth was noted in 2018 with a year-on-year increase of 20.88%. This was followed by minor variations until 2020, which saw a drop of 8.71%, likely impacted by the pandemic. From 2021 onwards, the sector rebounded moderately, with a 2.37% increase in 2023. As of 2023, employment stood at 19.76 thousand Full-Time Equivalents. The forecast predicts a steady growth, with a CAGR of approximately 1.69% over the next five years, reaching 21.97 thousand by 2028.

Future Trends to Watch For:

• The integration of technology and digital innovations in real estate services.
• Sustainability and green building trends influencing employment types and skills.
• Potential market consolidation and the rise of large real estate corporations driving employment growth.
• Global economic fluctuations and their impact on investment in real estate.