The European real estate management wages showed diverse trends in 2023. Germany led, with a substantial increase of 4.03%, reflecting its robust market. The United Kingdom and France saw minor changes, with the UK slightly increasing and France declining. Spain and Romania witnessed strong growth at 8.14% and 10.14%, indicating opportunities in those markets. Smaller markets like Luxembourg and Serbia also had significant growth, above 8%, illustrating emerging interest in these regions. Declines were observed in Croatia, suggesting potential challenges. Overall, wage growth varied, underpinned by regional economic conditions and market maturity levels.
Future trends to watch include potential expansions in Eastern Europe due to economic growth, with Romania and Hungary showing promising signs. Additionally, market consolidation in Western Europe could influence wage changes, alongside regulatory impacts and technological advancements in real estate management.
Top countries in Wages and Salaries of Real Estate Management on a Fee or Contract Basis Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.25 | 2023 | +6.34% | +4.03% | View data |
| 2 | 2 United Kingdom | 17.25 | 2023 | +0.31% | +0.1% | View data |
| 3 | 3 France | 12.4 | 2023 | -0.37% | -0.26% | View data |
| 4 | 4 Spain | 6.6 | 2023 | +7.49% | +8.14% | View data |
| 5 | 5 Poland | 6.49 | 2023 | +0.92% | +1.15% | View data |
| 6 | 6 Sweden | 4.56 | 2023 | +1.6% | +3.66% | View data |
| 7 | 7 Italy | 3.36 | 2023 | +3.77% | +2.69% | View data |
| 8 | 8 Denmark | 2.99 | 2023 | +2.03% | +0.94% | View data |
| 9 | 9 Austria | 2.66 | 2023 | +1.25% | +2.29% | View data |
| 10 | 10 Ireland | 2.65 | 2023 | +1.25% | +5.71% | View data |
