The employment in the real estate sector in Austria displayed a fluctuating trend from 2013 to 2023. Starting at 42.07 thousand units in 2013, it saw a drop to 39.79 thousand units in 2017. Thereafter, it rebounded to 42.19 thousand units in 2023. Year-on-year variations showcased this volatility, with significant dips in 2016 (-4.38%) and rebounds in 2018 (+5.95%). The Compound Annual Growth Rate (CAGR) remained relatively low, reflecting the overall modest growth in the sector. Forecasts indicate a steady increase, with employment projected to rise to 42.8 thousand units by 2028, maintaining a forecasted 5-year CAGR of 0.23%.
Future trends to watch for include:
- Impact of digitalization on real estate operations and workforce requirements
- Potential effects of economic fluctuations on real estate market demand
- Adaptations in employment due to environmental and sustainability policies
