Forecast: Number of Persons Employed in Real Estate in Germany

The number of persons employed in real estate in Germany has shown a steady increase from 2013 to 2023, with the figure standing at 489,000 units in 2023. This upward trend reflects a broad growth trajectory despite some minor fluctuations, particularly around 2015 and 2016. Notably, year-on-year variations for the last two years were 0.41% each, while the Compound Annual Growth Rate (CAGR) over the past five years averaged 0.50%.

Future trends to watch for:

• From 2024 onwards, the sector is expected to continue its growth, estimated to reach 499,000 by 2028.
• The forecasted 5-year CAGR is projected to be lower at 0.32%, indicating potentially slower growth.
• Long-term monitoring of economic factors and policy impacts on the real estate sector will be crucial.