Forecast: Number of Persons Employed of Real Estate in Germany

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.

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