The 2023 data highlights notable variation in young high-growth enterprises in real estate across European countries. Hungary leads with 15 enterprises, reflecting a 20.11% increase, while Lithuania follows with a significant 18.47% growth, making it a dynamic market. Slovakia's moderate expansion at 10.76% contrasts with Romania's decline of 7.79%. Italy shows recovery, growing 14.87%, whereas Latvia remains stable. The Czech Republic's dramatic decrease to zero emphasizes volatility in smaller markets.
Future trends to watch:
- Potential for recovery in Romania and the Czech Republic to overcome recent declines.
- Continued growth in Hungary and Lithuania as they represent emerging hubs for young gazelles in real estate.
- Monitoring EU economic policies impacting real estate sector initiatives.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Renting and Operating of Own or Leased Real Estate by Country
| # | 7 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 15 | 2023 | +15.38% | +20.11% | View data |
| 2 | 2 Lithuania | 7 | 2023 | +16.67% | +18.47% | View data |
| 3 | 3 Slovakia | 5 | 2023 | +25% | +10.76% | View data |
| 4 | 4 Romania | 2 | 2023 | 0% | -7.79% | View data |
| 5 | 5 Italy | 2 | 2023 | 0% | +14.87% | View data |
| 6 | 6 Latvia | 1 | 2023 | 0% | View data | |
| 7 | 7 Czech Republic | 1 | 2023 | -100% | -100% | View data |
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