Forecast: Employment in Real Estate Activities Sector in Spain

The employment in the Real Estate Activities sector in Spain showed a notable increase from 2013 to 2017, transitioning from 98.1 to 125.03 thousand FTEs. However, from 2018 onwards, the sector experienced fluctuations but an overall slight decline. In 2023, employment stood at 117.98 thousand FTEs. The year-on-year variations over the last two years were -0.50% for both 2022 and 2023. The 5-year compound annual growth rate (CAGR) for 2023 was -0.71%. Forecasts from 2024 to 2028 indicate a continuing, gradual decline with a 5-year forecast CAGR of -0.39%.

Future trends to watch for:

  • Potential impacts of economic recovery post-pandemic on the real estate employment sector.
  • The influence of technological advancements and digital transformation in real estate operations.
  • Regulatory changes affecting property investments and real estate market dynamics.
  • Market responses to shifts in consumer preferences for residential and commercial properties.

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