Forecast: Number of Persons Employed in Real Estate in Austria

The number of persons employed in the real estate sector in Austria has shown a consistent but modest growth over the past decade. From 2013 to 2023, the employment figures moved from 64.04 thousand to 64.97 thousand, reflecting an average annual growth rate (CAGR) of 0.43%. In the recent past, the year-on-year variation maintained a steady upward trend, increasing by 0.48% in 2022 and 0.47% in 2023.

Looking ahead, the forecast indicates a continual increase in employment, reaching 66.39 thousand by 2028. This forecasted five-year CAGR is estimated at 0.34%, and the total five-year growth rate is expected to be 1.72% by 2028.

Future trends to watch for:

• Technological advancements in real estate management and sales.
• Potential economic disruptions affecting the job market.
• Regulatory changes in property laws and housing policies.