The number of researchers in real estate activities in South Korea has seen a significant rise from 2013 to 2023, starting from 26.9 and growing to 115.99 Full-Time Equivalents. The growth has been somewhat volatile, with dramatic increases particularly between 2015 and 2017. Notably, there was a sharp rise of 57.24% in 2016 and 27.37% in 2017, followed by more modest growth rates. From 2018 onwards, growth has stabilized, with year-on-year variations generally under 20%. The last two years saw growth rates of 5.2% in 2022 and 4.92% in 2023. The average annual growth rate, or CAGR, over the last five years was 2.51%.
Forecasts for the period from 2024 to 2028 suggest a steady increase, with a projected 5-year CAGR of 3.3%. While growth rates are expected to be more gradual compared to previous years, the overall number of researchers continues to rise, with an anticipated total of 142.76 Full-Time Equivalents by 2028.
Future trends to watch for include the impact of technological advancements on real estate research roles, economic conditions influencing real estate activities, and policy changes that may affect the demand for researchers in the sector.