In 2023, significant wage and salary values in the real estate sector were observed in Germany at 7.63 billion euros, exhibiting a notable 6.45% increase from the previous year. The UK followed at 6.84 billion euros, with a rise of 1.4%. France's figure fell slightly by 0.28% to 4.83 billion euros. Smaller countries like Lithuania saw the highest percentage increase of 15.18%. Meanwhile, Switzerland led with an 8.83% rise. Portugal and Ireland experienced overall declines in wage values. While these figures vary across countries, they show a mixture of growth and decline trends.
Future trends to watch in Europe’s real estate wages include:
- Continued growth in strong economies like Germany, driven by robust economic activity and real estate demand.
- Potential stabilities or minor declines in markets facing economic uncertainty, like France and Portugal.
- Emerging opportunities in Eastern European markets with rising trends like Poland and Bulgaria, adapting their real estate sectors for further development.
Top countries in Wages and Salaries of Renting and Operating of Own or Leased Real Estate by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,630 | 2023 | +8.9% | +6.45% | View data |
| 2 | 2 United Kingdom | 6,840 | 2023 | +1.41% | +1.4% | View data |
| 3 | 3 France | 4,830 | 2023 | +2.14% | -0.28% | View data |
| 4 | 4 Spain | 1,890 | 2023 | +1.15% | +1.91% | View data |
| 5 | 5 Denmark | 1,780 | 2023 | +4.29% | +4.38% | View data |
| 6 | 6 Sweden | 1,770 | 2023 | +0.5% | +1.06% | View data |
| 7 | 7 Netherlands | 1,440 | 2023 | -1.01% | -0.59% | View data |
| 8 | 8 Austria | 808.9 | 2023 | +1.06% | +2.5% | View data |
| 9 | 9 Poland | 749.3 | 2023 | +4.19% | +6.26% | View data |
| 10 | 10 Italy | 713.7 | 2023 | +3.05% | +0.15% | View data |
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