European Turnover of Real Estate Management on a Fee or Contract Basis by Country

The European real estate management market for fee or contract-based services demonstrated varied performance across countries in 2023. Germany led in turnover with €21.58 billion, showing a 2.95% year-on-year increase. The UK followed with €13.38 billion, but with a modest 1.01% rise. France, despite its third position, experienced a decline of -1.8%. Notable gains included Sweden's 7.66% rise and Austria's 5.04% increase, while losses were seen in Croatia and Macedonia, with -2.87% and -3.23% declines respectively. Serbia showed the highest growth at 11.04%, highlighting its market dynamism. The projected compound annual growth rate (CAGR) over the past five years underscores a mixed landscape.

Future trends to watch in the European real estate management market include increased digitalization and sustainability, potential policy changes impacting service models, and the progressing influence of ESG factors. Focus will likely shift towards technology-driven efficiency and adapting to evolving economic conditions, positioning markets like Sweden and Serbia for further growth.