Forecast: Employees in Real Estate Sector in the Netherlands

The real estate sector in the Netherlands has seen a steady increase in employee work hours from 2016 to 2023, with the value standing at 97.16 million hours in 2023. Over the last two years, the year-on-year growth rates have been 0.36% in 2022 and 0.7% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years (2019-2023) has been 1.45%. The sector achieved a significant rebound from its earlier decline seen between 2013 and 2015, showing sustained growth since 2016.

Looking ahead, the forecasted values suggest a continued albeit moderate growth trajectory with a 5-year forecasted CAGR of 0.26% through to 2028, implying a slightly decelerated pace compared to recent years. Future trends to watch for include:

• Technological advancements in real estate management
• Impact of policy changes on workforce demand
• The shift towards sustainable and smart buildings
• Market dynamics post-pandemic and their influence on employment