The real estate sector in Spain saw fluctuations from 2013 to 2023, with the number of employees standing at 145.1 thousand units in 2023. The year-on-year variation for 2022-2023 was 0.76%, while the CAGR (Compound Annual Growth Rate) over the last five years reflected a moderate growth of 0.069%. The sector experienced significant growth from 2013 to 2019, peaking at a high rate before a sharp decline in 2020 due to the pandemic's impact. Recovery began slowly in 2021, continuing upward through 2022.
Looking forward, projected data for the period 2024-2028 suggests a steady but modest increase in employment within the real estate sector. The forecasted 5-year CAGR is 0.46%, with an overall growth rate of 2.33% by 2028. Future trends to watch for include technological advancements, economic conditions, and changes in housing demand as influential factors in the sector's employment trajectory.
