Forecast: Number of Employees in Real Estate Activities Sector in Germany

The number of employees in the Real Estate Activities sector in Germany saw significant variations from 2013 to 2023. Starting at 265.06 thousands in 2013, the sector experienced periods of growth and decline, peaking at 445.04 thousands in 2023. Notable year-on-year fluctuations include a substantial rise in 2014 (14.87%), a dramatic drop in 2020 (-18.34%) due to the COVID-19 pandemic, and a steady incline leading up to 2023 (9.1%). Over the past five years, the sector demonstrated resilience with an average annual growth rate (CAGR) of 4.45%.

Forecast data suggests continued growth through 2028, with a projected number of employees reaching 549.71 thousands. The expected average annual growth rate (CAGR) over the next five years is 3.34%, reflecting a more stable yet positive trend compared to previous years.

Future trends to watch for:

• Technology advancements in property management and real estate transactions.
• Impact of remote work and flexible office spaces on commercial real estate employment.
• Potential market adjustments in response to economic policies and interest rate changes.
• Increasing demand for environmentally sustainable and energy-efficient properties.