In 2023, the number of persons working at the location of establishments in real estate agencies in individual proprietorships in Japan stood at 13.6 thousand. By 2024, this number is forecasted to decline to 13.2 thousand. Forecasts indicate a consistent downward trend with the number expected to drop to 11.55 thousand by 2028. Year-on-year, there is a forecasted decline of approximately 3-4% annually, with a compound annual growth rate (CAGR) over the five-year period estimated at around -3.36%.
Future trends to watch for include:
- Impact of demographic changes and aging population on the labor workforce in the real estate sector.
- Technological advancements leading to potential shifts in work processes and efficiencies.
- Policy changes and economic factors that could influence employment dynamics and real estate market activity.