Forecast: Employees in Real Estate Sector in Austria

The real estate sector in Austria has experienced a generally upward trend in employment from 2013 to 2023. Starting at 55.52 thousand jobs in 2013, the number dipped slightly in 2014 but quickly rebounded, showing incremental growth each year. The most significant increase occurred in 2022 with a year-on-year growth of 2.31%. By 2023, the employment in the sector stood at 59.59 thousand jobs, reflecting a 0.24% rise from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years has averaged 1.23%.

Looking forward from 2024 to 2028, the sector is expected to continue its expansion trajectory, with forecasted numbers indicating a modest but steady increase. The forecasted data suggests a 5-year CAGR of 0.45%, totaling a projected growth rate of 2.29% by 2028.

Future Trends to Watch:

• Technological advancements and digital transformation in real estate operations.
• Government policies affecting real estate growth and employment.
• Shifts in consumer demand and housing market trends.
• Economic factors such as interest rates and inflation impacting property markets.
• Increased focus on sustainability and green buildings.