Forecast: Number of Employees in Real Estate Activities Sector in the Netherlands

The number of employees in the real estate activities sector in the Netherlands has been fluctuating over recent years. As of 2023, the sector employed 65.19 thousand workers, marking a decline in employment from the previous year and continuing a downward trend seen since 2020. The sector's employment peaked in 2020 with 68.43 thousand employees, followed by a drop of 3.6% in 2021. Over the last five years, the compound annual growth rate (CAGR) was -0.31%, indicating an overall slight decline in employment. From 2013 to 2016, the number of employees saw a steady decrease, followed by a few years of modest growth until 2020, after which it started to decline again. Between 2013 and 2023, the sector faced challenges maintaining a stable workforce.

Looking ahead, the employment in the real estate activities sector is forecasted to continue its downtrend, with a forecasted five-year CAGR of -0.47%, projecting a further decline to approximately 63.31 thousand employees by 2028. Key future trends to watch include the impact of technological advancements, the potential shift towards remote work reducing demand for commercial real estate, and the regulatory changes aimed at sustainability in the real estate sector. These factors may significantly influence employment dynamics in the industry.