In 2023, Hungary led the European market with a significant share of young high-growth enterprises (gazelles) in the real estate sector, accounting for 57.69% of the units. Italy and Slovakia followed, contributing 15.38% and 11.54% respectively, alongside Portugal (11.54%). Romania and Lithuania had less prominence at 8.97% and 6.41%, with the Czech Republic closing the list at 1.28%. Compared to 2022, Hungary saw a remarkable 28.19% increase, while Italy grew by 24.57%. Slovakia and Portugal grew modestly, and Lithuania showed steady growth. Romania and the Czech Republic encountered declines, by 2.64% and 24.21% respectively.
Future trends to watch include:
- Emerging real estate technologies and their impact on market dynamics in Central and Eastern Europe.
- Policy changes within the EU that may influence startup growth and investment in real estate.
- Potential market consolidation as enterprises strategically collaborate or merge to enhance growth.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Real Estate Share by Country (Units (Enterprises))
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 57.69 | 2023 | +21.62% | +28.19% | View data |
| 2 | 2 Italy | 15.38 | 2023 | +33.33% | +24.57% | View data |
| 3 | 3 Slovakia | 11.54 | 2023 | +12.5% | +8.45% | View data |
| 4 | 4 Portugal | 11.54 | 2023 | +12.5% | +8.45% | View data |
| 5 | 5 Romania | 8.97 | 2023 | 0% | -2.64% | View data |
| 6 | 6 Lithuania | 6.41 | 2023 | +25% | +10.76% | View data |
| 7 | 7 Czech Republic | 1.28 | 2023 | 0% | -24.21% | View data |
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