The Real Estate Activities Sector in Sweden witnessed varied growth patterns over the past decade. Starting at 61.9 thousand employees in 2013, it grew significantly until 2017, with noticeable peaks and slight declines. The sector was hardest hit in 2020 with a year-on-year decline of 10.46%, likely due to the global pandemic, but rebounded in subsequent years, reaching 73.2 thousand employees by 2023.
Key Observations:
- 2023: Stood at 73.2 thousand employees.
- 2021-2022: Significant recovery period with healthy year-on-year growth (5.08%).
- Last 5 years CAGR: Stood at 1.61%, reflecting an overall steady growth.
- Future CAGR (2024-2028): Forecasted at 1.21%, indicating moderated but consistent growth.
Future trend to watch for includes the potential for technological advancements in real estate transactions, sustainability initiatives influencing employment needs, and economic factors affecting market dynamics.
