In analyzing the number of employees in the Real Estate Activities sector in the UK, we see a steady increase from 469.79 thousand in 2013 to 540.38 thousand in 2023. The year-on-year variations show an average annual growth of 1.73% from 2019 to 2023. Specifically, from 2022 to 2023, the sector grew by 1.56%. The 5-year CAGR leading up to 2023 registers at 1.73%. Looking forward, from 2024 to 2028, forecasting indicates a 1.1% CAGR with an overall growth rate of 5.64% over these five years, anticipating 579.47 thousand employees by 2028.
Future trends to watch include:
- Implementation of technology and digital tools in real estate.
- Impact of remote work on commercial real estate demand.
- Environmental, social, and governance (ESG) factors affecting real estate investments.
- Potential fluctuations in property prices and rental markets.
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