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

The number of employees in the real estate activities sector in Belgium has shown significant fluctuations over the years. In 2023, the employment stood at 24.67 thousand. The year-on-year variation for the last two years indicates a continued growth, with rates of 2.72% in 2022 and 2.62% in 2023. Over the last five years, the sector experienced an average compound annual growth rate (CAGR) of 1.35%, reflecting a more stable, though moderate, increase. However, from 2013 to 2023, there were periods of notable spikes, particularly in 2018 with a 21.9% increase.

Looking forward, forecasted data suggests a steady growth trajectory with an expected CAGR of 1.85% from 2024 to 2028, culminating in a 9.6% growth over the five-year period. The number of employees is projected to reach 27.72 thousand by 2028, indicating ongoing confidence and expansion in the sector.

Future trends to watch for include the impact of technological advancements in real estate, shifts in consumer preferences for property types, and the influence of economic conditions on hiring practices. Additionally, any regulatory changes could also significantly impact employment in this sector.