The employment in the Real Estate Activities sector in Austria has shown a generally upward trend from 2013 to 2023, starting at 28.51 thousand full-time equivalents in 2013 and reaching 30.82 thousand in 2023. Over this decade, the sector has experienced fluctuations with a mix of small dips and rises, yet maintaining a positive trajectory overall. The latest year-on-year variations, 1.27% in 2022 and 1.24% in 2023, depict steady growth. The compound annual growth rate (CAGR) for the last five years stands at 1.55%, indicating consistent, albeit modest, gains.
Future trends point towards continued growth in employment, with forecasts predicting the sector to reach 32.62 thousand full-time equivalents by 2028. This translates to a five-year forecast CAGR of 0.9%, and an overall growth rate of 4.58% over the next five years, signaling a stable yet moderate increase in employment. Key trends to monitor include the impact of digital transformation, demographic shifts, and economic policies that may influence demand for real estate and associated employment needs.
