Forecast: Number of Employees in Real Estate in Austria

The number of employees in the real estate sector in Austria has shown varied changes over the past decade. The data indicates a slight decline in employment from 2013 to 2016, followed by a gradual increase from 2017 to 2023. In 2023, the number of employees stood at 49.24 thousand persons. The year-on-year variation over the last two years shows steady and minor increases at around 0.24%. The Compound Annual Growth Rate (CAGR) over the last five years is 0.17%, indicating a very modest but consistent growth trend.

Looking towards the future, the forecast data from 2024 to 2028 predicts a continued but slow increase in employment, with a projected CAGR of 0.18% and a growth rate of 0.89% by 2028. This suggests stability in the industry with slight positive momentum.

Future trends to watch for:

• Technological advancements and their impact on real estate operations and employment.
• Economic factors that could influence real estate demand and workforce requirements.
• Policy changes that might affect the real estate market and employment opportunities.