The production volumes of real estate in Germany demonstrated steady growth from 2013 to 2019, with minor year-on-year variations reflecting a generally upward trajectory. A notable dip occurred in 2020, attributed to the global economic impacts of the COVID-19 pandemic. However, the market rebounded in 2022, registering the most significant annual increase of 5.83% over the decade. By 2023, the production volume stood strong at 415.12 billion euros, reflecting a 0.52% year-on-year growth.
Looking ahead, forecasted data from 2024 to 2028 expect a continued rise, albeit at a more modest pace, with an average annual CAGR of 0.44% across this period. The overall growth rate over the next five years is anticipated to reach 2.2%.
Future trends to watch include the potential impacts of policy changes, sustainable and green building practices becoming more mainstream, and the adaptation of real estate to new technology and remote work trends.
