The turnover of buying and selling of own real estate in Germany experienced substantial fluctuations from 2013 to 2023, with key notable increases and decreases. In 2023, the value stood at 16.47 billion Euros, marking a notable 8.45% year-on-year increase from 2022. The last five years demonstrate a compound annual growth rate (CAGR) of 7.12%, indicating a relatively strong positive trend, with significant growth seen post-2020.
Future trends to watch for:
- The forecasted growth from 2024 to 2028 predicts a steady rise, with a forecasted CAGR of 3.16%, reaching 20.12 billion Euros by 2028.
- Considering external economic factors, such as interest rates, inflation, and policy changes, remains critical in forecasting future trends.
- Technological advancements in property transactions and market digitalization might further influence the real estate turnover in the coming years.