Forecast: Number of Employees in Real Estate Activities Sector in Austria

The number of employees in the Real Estate Activities Sector in Austria stood at 40.44 thousand in 2023. Over the past decade, the sector saw fluctuations, with an initial decline from 37.24 thousand in 2013 to 35.54 thousand in 2015, followed by a stable growth trajectory peaking at 40.44 thousand in 2023. Year-on-year variations highlight a mix of minor decreases and increases, with a notable growth observed from 2020 onwards. The five-year CAGR up to 2023 was 1.94%. Forecast data projects continued growth, reaching 43.73 thousand by 2028, with a forecasted five-year CAGR of 1.24% and an overall growth rate of 6.37% over the forecast period.

Future trends to watch for:

• Potential impact of digital transformation and automation on employment in the sector.
• Influence of economic policies and real estate market dynamics on job creation.
• Shifts in demand for real estate services driven by demographic changes and urbanization.