Forecast: Employees in Real Estate Sector in Belgium

The real estate sector in Belgium has shown a steady increase in the number of employees, as indicated by the actual hours worked, from 2013 to 2023. For instance, in 2023, the sector stood at 35.14 million hours. A noticeable dip occurred in 2020 due to the pandemic, but recovery followed swiftly, with a peak increase of 5.23% in 2022, and a year-on-year variation in 2023 showing a very slight growth of 0.023%. The five-year CAGR averaged around 0.82% from 2018 to 2023.

Forecasted data from 2024 onwards predict a continual rise, reaching 37.27 million hours by 2028. The forecasted five-year CAGR is expected to be around 0.93%, resulting in an overall growth of 4.72% over this period.

Future trends to watch for include the potential impact of technological advancements in real estate processes and the influence of economic recovery post-pandemic on employment numbers.