In 2023, Germany led the European wages and salaries for real estate management on a fee or contract basis at 4.23 billion euros, showcasing a growth from the previous year. The United Kingdom and France followed with respective values of 2.26 and 1.63 billion euros, although France experienced a decline. Robust growth is noted in Spain, Ireland, and Luxembourg, each exceeding 5% year-on-year. Conversely, Croatia faced a downturn. Increasing activity in Romania and Serbia also highlights upward trends. Over the past five years, the compound annual growth rates illustrate the positive trajectory in emerging markets including Poland and Hungary.
Future trends in European real estate management salaries may focus on market stabilization, post-Brexit adjustments, and digitalization effects on employment costs. Eastern European regions could continue their upward growth as they align with Western standards. Main challenges include economic uncertainties affecting real estate demand and technological shifts reshaping management roles.
Top countries in Wages and Salaries of Real Estate Management on a Fee or Contract Basis by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,230 | 2023 | +6.34% | +4.03% | View data |
| 2 | 2 United Kingdom | 2,260 | 2023 | +0.31% | +0.1% | View data |
| 3 | 3 France | 1,630 | 2023 | -0.37% | -0.26% | View data |
| 4 | 4 Spain | 865.4 | 2023 | +7.49% | +8.14% | View data |
| 5 | 5 Poland | 851.5 | 2023 | +0.92% | +1.15% | View data |
| 6 | 6 Sweden | 597.9 | 2023 | +1.6% | +3.66% | View data |
| 7 | 7 Italy | 440.3 | 2023 | +3.77% | +2.69% | View data |
| 8 | 8 Denmark | 392.5 | 2023 | +2.03% | +0.94% | View data |
| 9 | 9 Austria | 349.5 | 2023 | +1.25% | +2.29% | View data |
| 10 | 10 Ireland | 347.7 | 2023 | +1.25% | +5.71% | View data |
