From 2013 to 2023, employment in the Real Estate Activities sector in Germany exhibited significant variability, with notable growth periods amid some downturns. Particularly, the sector saw substantive increases such as in 2016 with a 20.02% rise, and a slight recovery post-2020. In 2023, employment stood at 325.33 thousand FTEs, maintaining a moderate year-on-year growth of 5.51%. Over the last two years, this sector's employment grew by an average of 6.58% annually. The 5-year CAGR indicates an average growth rate of 2.63% per year.
Looking into the future, from 2024 onward, forecasts project a more stable, yet modest growth in employment. The 5-year CAGR from 2023 to 2028 is expected at 1.42%. Key trends to monitor include:
- Technological advancements impacting productivity and employment.
- Structural changes within the real estate market influenced by economic policies.
- Environmental regulations necessitating shifts in operations.
- Demand variations driven by demographic and societal changes.