Germany leads European real estate production with a value of 108.14 billion euros in 2023, albeit with a slight decline of 0.2% compared to the previous year. The United Kingdom and France follow with values of 92.94 and 91.31 billion euros, respectively, showing modest increases. Notably, Denmark and Sweden exhibit significant growth, with year-on-year increases of 2.84% and 3.43%. Southern and eastern European countries like Greece, Portugal, and Romania saw considerable growth rates of over 5%, with Greece leading at 12.15%. The market in the Balkans and the Baltics, such as Serbia and Estonia, also demonstrated strong upward trends.
Future trends to watch for include:
- Technological advancements driving efficiencies in real estate production.
- Increasing focus on sustainable and green building practices.
- Continued urbanization and infrastructure development in Eastern Europe.
- Political and economic factors influencing investment climates, particularly in the UK due to Brexit repercussions.
- Potential impacts of interest rate changes and economic policies across the Eurozone.
Top countries in Production Value of Real Estate by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 108,140 | 2023 | +0.63% | -0.2% | View data |
| 2 | 2 United Kingdom | 92,940 | 2023 | +2.25% | +1.24% | View data |
| 3 | 3 France | 91,310 | 2023 | +1.27% | +0.81% | View data |
| 4 | 4 Denmark | 85,150 | 2023 | +4.45% | +2.84% | View data |
| 5 | 5 Sweden | 39,330 | 2023 | +3.26% | +3.43% | View data |
| 6 | 6 Italy | 37,840 | 2023 | -2.56% | -0.45% | View data |
| 7 | 7 Netherlands | 32,460 | 2023 | +2.25% | +1.57% | View data |
| 8 | 8 Spain | 30,450 | 2023 | +4.04% | +4.17% | View data |
| 9 | 9 Poland | 27,800 | 2023 | +1.99% | +1.64% | View data |
| 10 | 10 Norway | 18,480 | 2023 | +2.36% | +1.6% | View data |
