The number of persons employed in the UK real estate activities on a fee or contract basis is projected to consistently rise from 283,400 in 2024 to 294,270 by 2028. This represents a steady year-on-year growth, reflecting a positive trend in this sector post-2023. By 2023, the actual employment number stood at 280,000, which serves as a baseline for the forecasted growth. Over the forecast period, the average annual growth rate (CAGR) is approximately 0.94%, indicating moderate yet consistent expansion.
Future trends to watch for include potential impacts of Brexit on labor mobility, technological advancements in real estate practices, and evolving consumer preferences which may influence the demand for contract-based real estate services. Additionally, economic conditions such as interest rate changes and housing market dynamics will be crucial factors in shaping employment within this sector.
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