The number of persons employed in the real estate sector in Turkey stood at 353,000 units in 2023, indicating a steady growth trend over the past decade. From 2013 to 2023, the employment in real estate saw an overall Compound Annual Growth Rate (CAGR) of approximately 5.66%. More recent annual growth rates have been somewhat lower, with the most recent two years showing around a 3.9% year-on-year increase, reflecting a gradual deceleration in employment growth.
Forecasts for the coming five years (2024-2028) project a slower yet positive trend, with a CAGR of 2.5% leading to an overall growth rate of 13.15% by 2028. This suggests continued, albeit moderate, expansion in the sector.
Future trends to watch for:
- Potential impacts of economic fluctuations on the real estate job market.
- Technological advancements and digital transformation within the real estate sector.
- Regulatory changes influencing market growth trends.