In 2023, Germany led European real estate production with €467 billion, followed by France (€357.07 billion), and Italy (€260.86 billion). Notable year-on-year growth occurred in Ireland (4.83%) and Luxembourg (2.64%), while Greece showed minimal growth (0.07%). From 2018 to 2023, the compounded annual growth rate highlighted increasing productivity across most countries, particularly in Eastern Europe with Estonia demonstrating robust growth at 3.27%.
Future trends to watch in European real estate production include the potential impacts of rising sustainability initiatives, digital transformation in property management, and demographic shifts influencing urban planning and housing demands.
Top countries in Production of Real Estate by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 467,000 | 2023 | +1.5% | +1.71% | View data |
| 2 | 2 France | 357,070 | 2023 | +1.58% | +1.84% | View data |
| 3 | 3 Italy | 260,860 | 2023 | +1.37% | +1.51% | View data |
| 4 | 4 Spain | 159,910 | 2023 | +1.79% | +1.8% | View data |
| 5 | 5 Netherlands | 102,780 | 2023 | +1.95% | +1.97% | View data |
| 6 | 6 Belgium | 57,670 | 2023 | +2.03% | +2.31% | View data |
| 7 | 7 Austria | 57,340 | 2023 | +2.29% | +2.41% | View data |
| 8 | 8 Finland | 39,260 | 2023 | +2.22% | +2.35% | View data |
| 9 | 9 Ireland | 31,390 | 2023 | +3.15% | +4.83% | View data |
| 10 | 10 Portugal | 28,620 | 2023 | +2.26% | +2.23% | View data |
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