The European Real Estate Gross Value Added (GVA) for 2024 indicates the United Kingdom leading with 12% of GDP, followed by Greece, Italy, and France all slightly below 12%. Notable Year-on-Year variations from 2023 include positive trends in Hungary (5.86%), Slovakia (2.68%), and Poland (2.71%), while Norway (-5.8%), Bosnia and Herzegovina (-3.98%), and Greece (-3.77%) experienced significant declines. The Compound Annual Growth Rate (CAGR) over the last five years highlights gradual increases in certain markets despite recent downtrends. Stability is observed in high-performance countries such as the UK, maintaining its lead.
Future Trends to Watch:
- Economic recovery and its impact on Real Estate GVA, particularly in Greece and Norway.
- Growth opportunities in Central and Eastern Europe, driven by positive variations in Slovakia, Hungary, and Poland.
- Impact of regulatory measures and macroeconomic factors in major markets like the United Kingdom and Germany.
- Emerging real estate markets in the Balkans and the long-term sustainability of their growth rates.
Top countries in Real Estate Gross Value Added by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 12 | 2023 | 0% | 0% | View data |
| 2 | 2 Greece | 11.8 | 2023 | -4.07% | -3.77% | View data |
| 3 | 3 Italy | 11.7 | 2023 | +0.86% | -0.51% | View data |
| 4 | 4 France | 11.3 | 2023 | +0.89% | -0.18% | View data |
| 5 | 5 Finland | 10.9 | 2023 | +0.93% | -0.36% | View data |
| 6 | 6 Slovakia | 10.5 | 2023 | -3.67% | +2.68% | View data |
| 7 | 7 Hungary | 10.5 | 2023 | +6.06% | +5.86% | View data |
| 8 | 8 Spain | 10.5 | 2023 | +0.96% | 0% | View data |
| 9 | 9 Portugal | 10.3 | 2023 | -1.9% | -0.94% | View data |
| 10 | 10 Macedonia | 10.3 | 2023 | -2.83% | +0.59% | View data |
