In 2024, the United Kingdom leads European wages and salaries in real estate agencies at €4.21 billion, followed by France (€3.15 billion) and Germany (€2.43 billion). Significant growth in Spain (16.74%) and Serbia (14.36%) marked 2023, while the sector shrank in Romania (-6.78%), Iceland (-1.58%), and Greece (-1.24%). Over the past two years, comparatively stable increases were seen in Luxembourg (3.71%), Austria (3.35%), and Poland (3.43%). The five-year Compound Annual Growth Rate (CAGR) indicates sustained, moderate growth trends within these countries, signaling overall market stability with regional variations.
Future trends to watch include technological advancements driving efficiency, potential regulatory changes impacting market dynamics, and economic shifts across Europe. Attention on the Scandinavian countries may reveal emerging opportunities, while Eastern European markets might present new growth avenues driven by digital transformation and foreign investment.
Top countries in Wages and Salaries of Real Estate Agencies by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 4,210 | 2023 | +0.24% | +0.84% | View data |
| 2 | 2 France | 3,150 | 2023 | +1.77% | +1.62% | View data |
| 3 | 3 Germany | 2,430 | 2023 | +8.8% | +4.71% | View data |
| 4 | 4 Spain | 1,720 | 2023 | +11.83% | +16.74% | View data |
| 5 | 5 Denmark | 576.8 | 2023 | +3.15% | +3.24% | View data |
| 6 | 6 Norway | 512.1 | 2023 | +0.71% | +1.21% | View data |
| 7 | 7 Sweden | 438.2 | 2023 | +0.69% | +1.63% | View data |
| 8 | 8 Italy | 320 | 2023 | +3.63% | +1.78% | View data |
| 9 | 9 Austria | 290.1 | 2023 | +3.94% | +3.35% | View data |
| 10 | 10 Belgium | 255 | 2023 | +6.83% | +2.17% | View data |
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