Forecast: Total Hours Worked in Real Estate in Germany

The total hours worked in the German real estate sector are forecasted to experience a steady increase from 2024 through 2028. Starting at 600 million hours in 2024, the figures show a slight annual growth, reaching 603 million hours by 2028. This represents a modest compound annual growth rate (CAGR) over these five years.

In 2023, which serves as our baseline, the actual hours worked were slightly lower than those forecasted for 2024. When comparing year-on-year variations, there is a consistent but gradual increase in the hours worked, reflecting a stable trend within the industry.

Future trends to watch for include:

• Potential impacts of technological advancements, such as automation and AI, on labor hours.
• Economic factors that could influence employment rates and productivity in the real estate sector.
• Regulatory changes affecting labor laws and working conditions within the industry.