Based on historical data, self-employed individuals in Spain's real estate sector displayed fluctuations from 2013 to 2023. The number increased from 92.78 million hours in 2013 to 217.94 million hours in 2023. Significant growth spurts occurred around 2016-2018 and 2020-2022, having YOY variations up to 18.26% and average CAGRs close to 10% in peak periods. However, minor declines and modest growth rates were also noted, rounding up to a more steady CAGR of 7.65% by 2023.
Future projections suggest a continuation of growth, though at a more tempered rate, with an average annual increase (CAGR) of 2.37% from 2024 to 2028, achieving a cumulative growth of 12.42% by 2028.
Future trends to watch for:
- Technological advancements and digitalization in real estate.
- Economic shifts and their impacts on the real estate market.
- Regulatory changes affecting self-employed workers.
