European Turnover of Renting and Operating of Own or Leased Real Estate by Country

In 2023, Germany led Europe's real estate turnover at 89.48 billion euros, showcasing a modest growth of 1.13% from the previous year. France and the UK followed, with France seeing a decrease of 4.12%, while the UK had a slight increase of 0.25%. Poland, Belgium, and Switzerland observed significant growth, with Belgium at 5.17% and Switzerland at a remarkable 9.92%. Greece, Cyprus, and Bosnia and Herzegovina highlighted substantial increases, particularly with Greece at 7.44% and Cyprus at 11.36%. Conversely, France and Iceland experienced declines, with Iceland dropping by 4.44%.

Future trends to monitor include:

• Potential growth in Central and Eastern Europe, as evidenced by Poland's 4.59% rise, driven by economic development and increasing foreign investments.
• Possible resurgence in France's and Iceland's turnovers, focusing on adjusting to market demands and policy influences.
• Continued strong performances from smaller economies like Cyprus, which might lead to increased competitive presence in the region.