When evaluating the European Real Estate Gross Value Added by country, France leads with an impressive €290.53 billion, followed by Italy at €221.63 billion. The Netherlands and Belgium contribute €61.0 billion and €43.0 billion, respectively, with Austria adding €38.98 billion. Other notable contributors include Portugal (€25.92 billion), Slovakia (€10.35 billion), Luxembourg (€5.16 billion), and Lithuania (€3.43 billion). San Marino contributes the least with €0.08622 billion.
Year-on-year variations show diverse trends: France experienced a 1.47% growth, Italy 0.86%, the Netherlands 3.76%, Belgium 2.77%, Austria 2.73%, Portugal 3.14%, Slovakia 4.63%, Luxembourg 1.9%, Lithuania 3.96%, and San Marino contracted by -0.37% in 2023.
Future trends to watch for include potential shifts due to economic uncertainties, policy changes, and market dynamics. France and Italy's substantial contributions appear stable but may fluctuate with broader economic conditions. Emerging markets like Slovakia and Lithuania, showing higher growth percentages, could attract increased investment. San Marino's consistent contraction might necessitate strategic interventions to stabilize its real estate sector.
Top countries in Real Estate Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 290,530 | 2023 | +1.48% | +1.47% | View data |
| 2 | 2 Italy | 221,630 | 2023 | +0.96% | +0.86% | View data |
| 3 | 3 Netherlands | 61,000 | 2023 | +1.3% | +3.76% | View data |
| 4 | 4 Belgium | 43,000 | 2023 | +2.52% | +2.77% | View data |
| 5 | 5 Austria | 38,980 | 2023 | +2.47% | +2.73% | View data |
| 6 | 6 Portugal | 25,920 | 2023 | +2.96% | +3.14% | View data |
| 7 | 7 Slovakia | 10,350 | 2023 | +2.96% | +4.63% | View data |
| 8 | 8 Luxembourg | 5,160 | 2023 | +2.38% | +1.9% | View data |
| 9 | 9 Lithuania | 3,430 | 2023 | +3.53% | +3.96% | View data |
| 10 | 10 San Marino | 86.22 | 2023 | -0.58% | -0.37% | View data |
