Last year, the number of workers in the licensed real estate brokerage services industry fell by more than 10,000 in one year. The number of enterprises operating licensed real estate brokerage services also declined by more than 5% during the same period.
According to the results of the 2024 real estate service industry status survey released by the Ministry of Land, Infrastructure and Transport on the 19th, as of the end of last year the number of enterprises in the real estate service industry was 282,167, down 0.2% (509) from a year earlier.
The Ministry of Land, Infrastructure and Transport (MOLIT) surveys and publishes the number of enterprises, sales, number of workers, and more in the real estate service industry every year. This survey sampled 4,000 enterprises with at least one worker engaged in the real estate service industry and covered five areas (53 items): basic status, management status and business conditions, workforce status, and industry-specific status.
By industry, licensed real estate brokerage services were the most numerous at 107,448 (38.1%), followed by leasing (81,092, 28.7%), management (42,839, 15.2%), and development (40,810, 14.5%).
Enterprises in licensed real estate brokerage services fell 5.8% (6,658) from a year earlier, and development fell 0.6% (257), while leasing rose 6.2% (4,729) and consulting services rose 13.9% (951).
Sales totaled 213.13 trillion won, down about 2.8% (6.2 trillion won) from a year earlier. The share in gross domestic product (GDP) was about 8.3%. Development had the largest sales at 107.06 trillion won (50.2%), followed by leasing at 46.5 trillion won (21.8%) and management at 40.4 trillion won (19.0%), it was found.
Compared with a year earlier, development recorded a sales decline of 11.7 trillion won and management 1 trillion won. Leasing increased by 3.9 trillion won, appraisal by 200 billion won, and financial services by 500 billion won.
Average sales per firm were about 760 million won, down about 200 billion won (2.6%) from a year earlier. Average sales in financial services were the highest at 13.33 billion won, and information provision (9.22 billion won) and development (2.62 billion won) were also on the higher side.
The total number of workers was 779,488, down 22,735 (2.8%) from a year earlier. Licensed real estate brokerage services decreased by 11,053 and development by 8,042, while leasing (824) and information provision services (484) increased.
By age, those in their 50s accounted for 48.2% and those 60 and older 39.9%, with those in their 50s and older nearing 90% of the total; by gender, men were more numerous (62.3%). The industry with the highest share of women workers was licensed real estate brokerage services (54.2%).
Satisfaction with perceived management performance averaged 2.6 points, up from 2.3 points a year earlier. Negative evaluations (bad or very bad) fell from 49.1% to 32.4%.