The European Labour Costs in Real Estate Share show significant variations among countries. In 2023, Germany led with a substantial share of €46.12 million, followed by Spain at €13.51 million and the Netherlands at €10.13 million. Smaller economies such as Slovenia, Latvia, and Estonia held a minor share, all under €1.5 million. Year-on-year variations indicate a general trend of growth, with Germany experiencing a 2.48% increase, Spain a 1.96% rise, and Belgium leading with a 3.45% increase.
Future trends to watch include:
- Continued growth in labour costs in larger economies like Germany, Spain, and Netherlands, albeit at modest rates.
- Potential larger percentage increases in smaller economies such as Greece, Lithuania, and Luxembourg as they develop and potentially catch up to more developed markets.
- Overall regional development and economic policies that might affect the real estate labour market share differently across countries.
Top countries in Labour Costs in Real Estate Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.12 | 2023 | +2.14% | +2.48% | View data |
| 2 | 2 Spain | 13.51 | 2023 | +2.25% | +1.96% | View data |
| 3 | 3 Netherlands | 10.13 | 2023 | +0.86% | +0.69% | View data |
| 4 | 4 Italy | 7.15 | 2023 | +1.74% | +1.85% | View data |
| 5 | 5 Austria | 6.16 | 2023 | +2.04% | +2.06% | View data |
| 6 | 6 Belgium | 3.64 | 2023 | +2.59% | +3.45% | View data |
| 7 | 7 Finland | 3.18 | 2023 | +1.94% | +1.91% | View data |
| 8 | 8 Ireland | 2.61 | 2023 | +3.83% | +4.8% | View data |
| 9 | 9 Portugal | 2.13 | 2023 | +2.77% | +2.29% | View data |
| 10 | 10 Slovakia | 1.26 | 2023 | +3.1% | +2.98% | View data |
