European Turnover of Real Estate by Country

In 2023, Germany led the European real estate market with a turnover of €127.86 billion, followed by France and the UK at €88.28 billion and €78.46 billion, respectively. Notably, Belgium (+5.03%), Switzerland (+6.59%), and Malta (+6.45%) showed significant growth, whereas Italy contracted by 2.88%. Sweden, with a 3.54% increase, and Denmark, with a robust 4.04%, were also noteworthy. Smaller markets, including Serbia and Bosnia and Herzegovina, exhibited substantial growth, at 8.53% and 9.08% respectively. The CAGR highlights that emerging markets and smaller European countries are accelerating faster than larger, more mature markets.

Future trends in the European real estate market may include a more prominent role for smaller countries as they show rapid growth. Renewable energy integration, technological advancements, and the rise in remote work could influence real estate dynamics, driving changes in demand and turnover patterns across different regions. Additionally, economic policies and interest rate fluctuations will significantly impact future market performance.