The employment in the UK real estate sector has shown a steady increase from 2013 to 2023, with the number of employed persons standing at 593.52 thousand units in 2023. Over the years, the sector experienced some fluctuations, such as a notable dip in 2016 with a -1.6% change. However, the general trend has been positive, averaging a CAGR of 2.46% over the last five years leading up to 2023. The forecast from 2024 onwards predicts a continued but slightly slower growth, with a five-year CAGR of 1.27% projected, leading to an expected employment figure of 643.11 thousand units by 2028.
Trends to Watch For:
- Technological advancements influencing real estate practices.
- Policy changes and their impacts on the employment landscape.
- Shift towards sustainable and environmentally-friendly real estate solutions.
- Influence of remote work trends on commercial real estate demand.
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