Forecast: Number of Persons Employed in Real Estate in Belgium

The Belgian real estate sector has exhibited a steady increase in employment from 2013 to 2023, starting at 24.8 thousand persons in 2013 and reaching 32.3 thousand in 2023. Year-on-year growth rates have varied, peaking in 2017 at 4.41% and showing a more modest increase of 1.57% by 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) is 2.04%.

The forecast data from 2024 to 2028 suggests a continued, albeit slower, increase in employment. With a forecasted CAGR of 1.19%, the sector is expected to grow by 6.1% over this period, reaching 34.8 thousand persons employed by 2028.

Future trends to watch for include potential impacts from technological advancements in property management and real estate transactions, as well as economic conditions that could influence housing demand and real estate investments. Sustainability trends and regulatory changes might also affect employment dynamics in the sector.