The self-employed people in Denmark's real estate sector experienced fluctuating trends over the past decade. The value, in million hours, stood at 9.70 in 2023. The sector saw significant variations with notable peaks and troughs; for instance, a major spike in 2015 followed by a gradual decline until 2020. From 2013 to 2023, year-on-year variations varied significantly, reflecting the sector's volatility, whereas the CAGR over the last 5 years was -1.94%, indicating an overall minor decline in activity.
Looking ahead, the forecast suggests a stabilization with slight growth. The average annual growth rate (CAGR) forecast over the next five years is 0.23%, leading to a total growth of approximately 1.13% by 2028.
Future trends to watch for:
- Technological impact on real estate practices.
- Economic influences and policy changes.
- Shifts in market demand and housing needs.