In 2023, the United Kingdom led the European production value of real estate agencies with 21.01 billion Euros, followed by France and Germany. Germany displayed the highest year-on-year growth within major markets, at 4.13%. Spain's production value surged by 17.94%, while Portugal and Poland faced declines. Noteworthy growth was observed in smaller countries such as Luxembourg, Serbia, and Malta, indicating diversification in market dynamics. The last CAGR over five years highlights a steady growth trajectory for most countries.
Future trends to watch include increased digitization and technology usage in real estate transactions. Post-pandemic recovery in markets such as Spain and parts of Eastern Europe may signal expanding opportunities. Sustainable development and the impact of interest rates will also play significant roles in shaping the market landscape across Europe.
Top countries in Production Value of Real Estate Agencies by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 21,010 | 2023 | +2.84% | +1.99% | View data |
| 2 | 2 France | 12,390 | 2023 | +1.68% | +2.14% | View data |
| 3 | 3 Germany | 11,880 | 2023 | +4.34% | +4.13% | View data |
| 4 | 4 Spain | 7,480 | 2023 | +11.96% | +17.94% | View data |
| 5 | 5 Belgium | 3,650 | 2023 | +9.45% | +1.16% | View data |
| 6 | 6 Italy | 3,550 | 2023 | +2.44% | +2.46% | View data |
| 7 | 7 Sweden | 1,850 | 2023 | +2.92% | +4.33% | View data |
| 8 | 8 Denmark | 1,820 | 2023 | +3.57% | +3.77% | View data |
| 9 | 9 Austria | 1,710 | 2023 | +3.5% | +3.36% | View data |
| 10 | 10 Norway | 1,230 | 2023 | +0.42% | +0.96% | View data |
