Forecast: Number of Persons Employed in Real Estate Activities Sector in Austria

The real estate employment sector in Austria witnessed fluctuations from 2013 to 2023. Employment peaked at 54.65 thousand in 2013, dipped from 2014 to 2016, and began a general upward trend from 2017, reaching 57.96 thousand in 2023. The recent year-on-year variations over the last two years were 2.69% and 2.6%, suggesting a stable growth rate. The compound annual growth rate (CAGR) over the last 5 years stood at 3.13%.

Projections from 2024 indicate continued growth, with employment expected to reach 65.08 thousand by 2028, reflecting a forecasted 5-year CAGR of 1.84% and an overall growth rate of 9.54%.

Future trends to watch for include:

• Technological advancements impacting the real estate sector, potentially altering employment dynamics.
• Government policies and economic factors influencing real estate market conditions.
• Changes in demand for real estate services driven by demographic shifts and urbanization trends.