In 2024, the European Real Estate sector's wages and salaries vary substantially across countries, with the United Kingdom leading at €17.86 billion. Germany follows at €16.34 billion, and France at €14.69 billion. Spain and Switzerland rank significantly lower at €4.79 billion and €3.8 billion, respectively. Notably, smaller markets include Iceland (€0.0858 billion) and Malta (€0.054 billion). Year-on-year variations for 2023 show significant increases, particularly in Luxembourg (+10.46%), Lithuania (+11.69%), and Serbia (+12.98%). The compound annual growth rate (CAGR) over the last five years reflects an upward trend in the sector.
Future trends indicate continuous growth in wages and salaries across most European countries, with potential acceleration in Eastern Europe and smaller markets as these markets mature and integrate further with the Western European economy. Rising investments in real estate, coupled with increasing urbanization and infrastructure development, are likely to contribute positively to wage growth in the sector over the coming years. Watch for shifts in labor market dynamics, regulatory changes, and economic fluctuations impacting the real estate sector's salary structures.
Top countries in Real Estate Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 17,860 | 2023 | +2.1% | +2.47% | View data |
| 2 | 2 Germany | 16,340 | 2023 | +4.74% | +5.01% | View data |
| 3 | 3 France | 14,690 | 2023 | +2.03% | +2.97% | View data |
| 4 | 4 Spain | 4,790 | 2023 | +2.02% | +5.59% | View data |
| 5 | 5 Switzerland | 3,800 | 2023 | -3.76% | +4.63% | View data |
| 6 | 6 Sweden | 3,620 | 2023 | +2.76% | +3.98% | View data |
| 7 | 7 Netherlands | 3,540 | 2023 | +3.5% | +4% | View data |
| 8 | 8 Denmark | 2,730 | 2023 | +4.85% | +5.27% | View data |
| 9 | 9 Poland | 2,520 | 2023 | +2.08% | +0.68% | View data |
| 10 | 10 Italy | 2,300 | 2023 | +2.06% | +4.48% | View data |
