These applicant profiles are in demand in the industry despite the crisis

Dusseldorf Bankruptcies of project developers, numerous stopped housing projects, reluctance among investors – the crisis on the real estate market continues. Only recently, well-known companies in the industry such as Development Partner, Project Group and Euroboden slipped into insolvency. This also affects the job market.

Because project developments are lengthy processes, there are only a few short-term options for action for companies, says Niklas Köster, professor of real estate economics at the Fresenius University in Hamburg. That’s why they would initially make acute cuts in personnel, among other things.

Redundancies, layoffs and short-time work have increased in the real estate industry since the beginning of the year, confirms Bushra Nadeem, founder and managing director of the personnel consultancy Artes Recruitment. For example, project developers and companies with a strong focus on real estate transactions do not downsize their management or fill positions when someone leaves, adds Kathrin von Hardenberg, founder of Indigo Headhunters.