Germany leads in the European Turnover of Buying and Selling of Own Real Estate with a value of €16.47 billion in 2024, reflecting a 7.12% increase year-on-year. France, although significant at €10.82 billion, saw a slight decline of 0.7%. Noteworthy growth is observed in Portugal (5.77%), Poland (7.86%), and Belgium (11.2%), while Italy experienced a 9.48% contraction. Smaller markets like Greece and Macedonia showcased impressive growth at 33.16% and 73.51%, respectively, while Cyprus saw a sharp decline of 11.54%. Among Nordic countries, Iceland grew the most at 14.12%, followed by Denmark at 8.95%.
Trends to watch in the future:
- Germany remains dominant, but market maturity may slow growth.
- Emerging markets such as Greece and Macedonia show potential for substantial growth due to recent booms.
- Potential volatility in countries like Italy and Cyprus requires close monitoring.
- Technological advancements and policy changes will significantly impact market dynamics across Europe.
Top countries in Turnover of Buying and Selling of Own Real Estate by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,470 | 2023 | +8.45% | +7.12% | View data |
| 2 | 2 France | 10,820 | 2023 | +1.8% | -0.7% | View data |
| 3 | 3 Portugal | 7,100 | 2023 | +4.63% | +5.77% | View data |
| 4 | 4 Poland | 5,530 | 2023 | +5.96% | +7.86% | View data |
| 5 | 5 Italy | 4,640 | 2023 | -14.61% | -9.48% | View data |
| 6 | 6 Belgium | 4,010 | 2023 | +14.45% | +11.2% | View data |
| 7 | 7 Hungary | 3,650 | 2023 | +7.51% | +9.04% | View data |
| 8 | 8 Spain | 2,740 | 2023 | +11.23% | -2.86% | View data |
| 9 | 9 Greece | 2,080 | 2023 | +33.99% | +33.16% | View data |
| 10 | 10 Denmark | 1,850 | 2023 | +4.94% | +8.95% | View data |
