In 2023, the European real estate market displayed varying growth rates across countries. The United Kingdom led with €25.2 million, followed closely by Germany and France with €18.41 million and €17.45 million, respectively. Spain showed a significant increase with a 14.45% growth, while Poland experienced a decline of 13.23%. The highest growth was seen in Serbia with a 12.52% rise. Notable growths were also registered in Luxembourg, Bulgaria, and Malta.
Stable growth rates were observed in larger markets such as the UK and Germany, while smaller markets like Luxembourg and Bulgaria showed promising increases. Cyprus and Iceland also posted healthy incremental trends.
Future trends to monitor include the continued expansion in smaller yet dynamic markets like Serbia and Bulgaria. Close attention should be paid to markets with previously negative growth trends, such as Poland, to assess potential recoveries. The influence of economic policies and real estate regulatory changes will be crucial in shaping the future landscape of the European real estate agency market.
Top countries in Turnover of Real Estate Agencies Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 25.2 | 2023 | +2.23% | +2.21% | View data |
| 2 | 2 Germany | 18.41 | 2023 | +4.46% | +4.11% | View data |
| 3 | 3 France | 17.45 | 2023 | +1.46% | +2.02% | View data |
| 4 | 4 Spain | 10.98 | 2023 | +9.52% | +14.45% | View data |
| 5 | 5 Belgium | 5.14 | 2023 | +9.04% | +0.8% | View data |
| 6 | 6 Italy | 4.31 | 2023 | -0.31% | -0.0072% | View data |
| 7 | 7 Austria | 2.84 | 2023 | +3.76% | +3.84% | View data |
| 8 | 8 Sweden | 2.44 | 2023 | +1.81% | +3.38% | View data |
| 9 | 9 Denmark | 2.35 | 2023 | +3.46% | +4.47% | View data |
| 10 | 10 Norway | 1.74 | 2023 | +0.42% | +0.96% | View data |
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