Forecast: Number of Persons Employed of Real Estate in Belgium

The number of persons employed in the real estate sector in Belgium has shown a steady upward trend from 2013 to 2023. In 2023, the figure stood at 95.8 thousand employees. Over the last two years (2022-2023), the sector experienced a year-on-year variation of 5.24%, continuing a pattern of consistent growth observed over the preceding years. The last 5-year CAGR (Compound Annual Growth Rate) was 4.48%, indicating a robust expansion in employment within this sector.

The forecasted data suggests that employment in the real estate sector will continue to rise, reaching an estimated 118.92 thousand employees by 2028. The forecasted 5-year CAGR is projected to be 3.42%, with an anticipated overall growth rate of 18.31% from 2024 to 2028.

Future trends to watch for include the impact of technological advancements, such as PropTech, on job roles and opportunities, as well as the potential influence of economic cycles and regulatory changes on real estate market dynamics and employment levels.