Forecast: Self-Employed People in Real Estate Sector in the UK

The trend in self-employed individuals in the UK real estate sector exhibited significant fluctuations from 2013 to 2023, with values peaking in 2019 before a sharp decline in 2020. The value stood at 84.03 million hours in 2023. Year-on-year variations have shown notable volatility, with significant declines in 2017 and 2018, followed by a substantial recovery in 2019. The last two years up to 2023 saw moderate growth, reflecting a stabilizing trend. The average annual variation over the previous five years (CAGR) was 1.99%. Forecasted data from 2024 indicate a steady increase, culminating in a value of 89.94 million hours by 2028.

Future trends to watch for in the UK real estate sector include technological advancements impacting self-employment, regulatory changes that could influence market dynamics, and economic factors such as interest rates and property market fluctuations. Monitoring these elements will be crucial for anticipating changes in self-employed hours within the sector.