The employment in the real estate sector in Finland has shown a steady increase in terms of million hours worked over the past decade. In 2023, it reached 40.1 million hours. The sector experienced varied year-on-year growth with notable peaks in 2015 and 2022, exhibiting growth rates of approximately 4.88% and 3.12% respectively. The five-year compound annual growth rate (CAGR) leading up to 2023 is approximately 1.84%, indicating a moderate but consistent upward trend. The forecasted figures suggest continued growth, reaching 41.8 million hours by 2028. The forecasted five-year CAGR from 2024 to 2028 is 0.68%, which signifies a more gradual growth rate.
Future trends to watch for include:
- The impact of technological advancements, such as PropTech, on employment and productivity within the sector.
- The influence of economic policies and regulatory changes on the real estate market.
- The evolving demand for commercial vs. residential properties, particularly in response to post-pandemic urban planning strategies.
