The number of persons employed in the real estate sector in Germany stood at 581.47 thousand in 2023. Over the past decade, this figure has shown significant fluctuations. Key year-on-year variations include a peak increase of 20.13% in 2014, and the sharpest decline of -33.67% in 2015. The annual average variation, or CAGR, has oscillated, with notable stability around 1.09% in 2023. Looking ahead, from 2024 to 2028, the sector is projected to grow at a moderate CAGR of 1.07%, culminating in a total forecasted employment figure of 621.92 thousand by 2028.
Future trends to watch for:
- Impact of digital transformation and PropTech on employment figures.
- EU regulations and their influence on the real estate job market.
- Market adjustments in response to potential economic instabilities or growth spurts.
- Shifts towards sustainable and green building projects increasing demand for specialized roles.