The Europe Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Country (Germany, United Kingdom, France, Spain, Italy, Netherlands, Sweden, Denmark, Norway and Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

Europe Residential Real Estate Market size is growing with a CAGR of 2.2% in the prediction period & it crosses USD 144.95 Tn 2032 from USD 124.47 Tn in 2025.

The European residential real estate market, valued at €1.95 trillion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.50% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing urbanization across major European cities like London, Paris, and Berlin fuels demand for apartments and condominiums, particularly among young professionals and growing families. Secondly, a consistent rise in disposable incomes and favorable mortgage interest rates contribute to increased purchasing power, stimulating market activity. Finally, government initiatives aimed at fostering affordable housing and supporting sustainable construction practices play a significant role in shaping the market landscape. The market is segmented by property type (condominiums and apartments, villas and landed houses) and geography (Germany, United Kingdom, France, and the Rest of Europe), allowing for nuanced analysis of regional performance and investor targeting. The UK, Germany, and France represent the largest national markets within the European Union, reflecting their robust economies and significant urban populations. However, the market also faces headwinds. Rising construction costs, particularly in the context of global inflation, represent a significant challenge. Furthermore, regulatory hurdles related to planning permissions and environmental regulations can slow down development. Stringent lending criteria may also limit access to mortgages for some prospective buyers, particularly in higher-priced segments. Despite these constraints, the long-term outlook for the European residential real estate market remains positive. The ongoing demand for housing, coupled with strategic investments in infrastructure and sustainable development initiatives, is poised to drive considerable growth over the forecast period, resulting in significant opportunities for both established players like Elm Group and Places for People, and emerging developers. The competitive landscape is characterized by both large multinational corporations and regional players, leading to dynamic market interactions and innovative approaches to residential development. Recent developments include: November 2023: DoorFeed, a Proptech company, raised EUR 12 million (USD 13.24 million) in seed funding, led by Motive Ventures and Stride and supported by renowned investors, including Seedcamp. Founded by veteran proptech entrepreneur and ex-Uber employee James Kirimi, DoorFeed aims to be the first choice for institutional investors seeking to invest in residential real estate. The company is looking to expand its footprint across Europe, with a focus on Spain, Germany, and the United Kingdom., October 2023: H.I.G, a global alternative investment firm with over USD 59 billion in assets under management, invested in the real estate development company, The Grounds Real Estate Development AG (“the Transaction”), which is listed on the alternative stock exchange. The proceeds of the transaction are expected to be utilized to fund the capital expenditures of the current projects of The Grounds. The Grounds, based in Berlin, specializes in the acquisition and development of German residential properties located in large metropolitan areas. In the transaction, the major shareholders of The Grounds, which currently hold 73% of the company’s shares, have agreed to grant H. I.G. the right to share in future rights issues.. Key drivers for this market are: Increasing Developments in the Residential Segment, Investments in the Senior Living Units. Potential restraints include: Increasing Developments in the Residential Segment, Investments in the Senior Living Units. Notable trends are: Student Housing to Gain Traction.

The Europe Luxury Residential Real Estate Market Report is Segmented by Business Model (Sales, Rental), by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Mode of Sale (Primary (New-Build), Secondary (Existing-Home Resale)), and by Country (United Kingdom, Germany, France, Italy, Spain, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

The average transaction price of new housing in Europe was the highest in Norway, whereas existing homes were the most expensive in Austria. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, not all countries are included. To compile the ranking, the source weighed the transaction prices of residential properties in the most important cities in each country based on data from their national offices. For example, in Germany, the cities included were Munich, Hamburg, Frankfurt, and Berlin. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly ** percent in Romania or around ** percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up ** percent and ** percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sell the buildi

London maintains its dominance in European real estate with the highest prospect score of 2.72 for 2025, significantly ahead of Madrid and Paris, which scored 2.12 and 2.07, respectively. This ranking reflects a comprehensive assessment of factors that real estate investors consider crucial, including market size, economic performance, and connectivity. The gap between London and other major cities highlights its resilience despite Brexit concerns and points to continued investor confidence in the British capital's property market fundamentals. Key factors driving city rankings Market size, liquidity, and economic performance emerge as the most critical factors determining a city's investment attractiveness for 2025. London's top position is reinforced by its established market infrastructure and global connectivity, while Madrid and Paris benefit from strong economic forecasts. However, investors face mounting challenges that could impact these markets, with construction costs, capital expenditure requirements, and increasing environmental sustainability regulations cited as major concerns. Industry experts note that these factors could particularly affect development-heavy investments in emerging European markets. (1062070, 376877) Sectoral growth opportunities Data centers represent the most promising real estate investment sector in Europe for 2025, with London, Frankfurt, and Dublin emerging as primary destinations due to their growing data center capacity. New energy infrastructure and student housing follow closely as high-potential sectors. This trend reflects the broader shift toward technology-driven and specialized real estate assets. While traditional suburban offices face diminishing prospects, cities with strong digital infrastructure like London and Frankfurt are positioned to capitalize on the demand for data-focused real estate developments, potentially strengthening their overall market position in the coming years.

In 2024, Turkey had the highest inflation-adjusted house price index out of the ** European countries under observation, making it the country where house prices have increased the most since 2010. In Turkey, the house price index exceeded *** index points in the fourth quarter of 2024, showing an increase in real terms of *** percent since 2010, the baseline year for the index. Iceland and Estonia completed the top three, with an index value of *** and *** index points. In the past year, however, many European countries saw house prices decline in real terms. Where can I find other metrics on different housing markets in Europe? To assess the valuation in different housing markets, one can compare the house-price-to-income ratios of different countries worldwide. These ratios are calculated by dividing nominal house prices by nominal disposable income per head. There are also ratios that look at how residential property prices relate to domestic rents, such as the house-price-to-rent ratio for the United Kingdom. Unfortunately, these numbers are not available in a European overview. An overview of the price per square meter of an apartment in the EU-28 countries is available, however. One region, different markets An important trait of the European housing market is that there is not one market, but multiple. Property policy in Europe lies with the domestic governments, not with the European Union. This leads to significant differences between European countries, which shows in, for example, the homeownership rate (the share of owner-occupied dwellings of all homes). These differences also lead to another problem: the availability of data. Non-Europeans might be surprised to see that house price statistics vary in depth, as every country has their own methodology and no European body exists that tracks this data for the whole continent.

Europe Real Estate Services market USD 30076.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. Economic recovery, increased demand for residential and commercial properties, and urban regeneration projects is expected to aid the sales to USD 41418.1 million by 2031

The Europe Residential Real Estate Market was valued at USD 950 Billion in 2024 is projected to reach USD 1350 Billion by 2032, growing at a CAGR of 4.4% from 2026 to 2032.

Europe Residential Real Estate Market: Definition/ Overview

Residential real estate refers to properties that are primarily used for dwelling purposes, including single-family homes, apartments, townhouses, and vacation homes. It is a vital sector of the real estate market, offering spaces for individuals and families to live, and can be purchased or rented. The application of residential real estate extends to both the owner-occupied and rental markets, with trends influenced by factors such as urbanization, lifestyle changes, economic conditions, and technological advancements.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

Graph and download economic data for Residential Property Prices for Euro area (QXMN628BIS) from Q1 1975 to Q1 2025 about Euro Area, Europe, residential, HPI, housing, price index, indexes, and price.

The Europe Real Estate Brokerage Report is Segmented by Property Type (Residential (Apartments & Condominiums, and More), Commercial (Office, Retail and More)), by Service (Sales, Rental/Leasing), by Client Type (Individuals/Households, Corporates & SMEs, Institutional Investors), and by Geography (Germany, United Kingdom, France, Spain, Italy, Russia, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

The Europe Real Estate Brokerage Market is a dynamic sector exhibiting steady growth. With a market size of €218.60 million in 2025 and a Compound Annual Growth Rate (CAGR) of 3.10% from 2019 to 2033, the market is projected to reach significant value by 2033. This growth is driven by several factors, including increasing urbanization, a robust construction sector in key European cities, and a rising demand for both residential and commercial properties fueled by population growth and economic activity. Technological advancements, such as online property portals and sophisticated data analytics tools utilized by brokerage firms, are also contributing to market expansion. However, regulatory changes and economic fluctuations pose potential challenges. Competition among established players like Jones Lang LaSalle (JLL), CBRE Group, Colliers International, and Savills, along with a growing number of smaller, specialized firms, is intensifying. This competitive landscape is driving innovation and service differentiation, ultimately benefiting consumers seeking efficient and effective real estate brokerage services. The market segmentation, while not explicitly detailed, likely includes residential and commercial brokerage services, further differentiated by property type (e.g., apartments, office spaces, industrial properties). Regional variations within Europe also play a significant role, with markets in major economic hubs experiencing higher growth rates than less developed regions. The forecast period (2025-2033) anticipates continued growth, driven by persistent demand and further technological integration within the industry. The presence of both large multinational corporations and smaller, regionally focused firms demonstrates the diversity and resilience of this market sector. Strategic acquisitions and mergers are also likely to continue shaping the competitive landscape, enhancing market consolidation in the coming years. Key drivers for this market are: Economic Stability and Growth, Technological Advancements. Potential restraints include: Economic Stability and Growth, Technological Advancements. Notable trends are: Legislative Changes Drive a Surge in French Real Estate Interest Among British Buyers.

The European commercial real estate (CRE) market, valued at approximately $1.47 trillion in 2025, is projected to experience steady growth, driven by factors such as increasing urbanization, robust economic activity in key regions like the UK and Germany, and a growing demand for modern, sustainable office spaces. The market's diverse segments, encompassing offices, retail, industrial, logistics, multi-family, and hospitality properties, contribute to its resilience. While the impact of global economic uncertainties and rising interest rates poses a challenge, the long-term outlook remains positive, particularly for sectors like logistics and multi-family housing, which are experiencing strong demand. Technological advancements, such as smart building technologies and proptech solutions, are also shaping the market's evolution, boosting efficiency and attracting investors. Specific regional variations are anticipated, with major economies like the UK and Germany likely experiencing above-average growth due to their strong financial sectors and established real estate markets. Conversely, regions facing economic headwinds might experience slower growth rates. The increasing focus on ESG (environmental, social, and governance) factors is expected to further influence investment decisions and development strategies. The competitive landscape is characterized by a mix of large multinational corporations and regional players. Key players like Blackstone, Hines, and others are actively pursuing investments and development opportunities. The fragmentation within the market presents opportunities for both established players and emerging companies. The coming years will likely witness mergers and acquisitions, further consolidating market share among the leading firms. The continued expansion of e-commerce is a significant driver for the logistics and warehousing segments, which are expected to exhibit strong growth. Similarly, the growing trend of urban living is fueling demand for multi-family residential properties in major European cities. Careful monitoring of economic indicators and regulatory changes will be crucial for navigating the complexities and maximizing opportunities within this dynamic market. Recent developments include: December 2023: Blackstone, the world’s largest commercial real estate owner, announced plans to grow its footprint in Europe, with an emphasis on data centers, warehouses, and student accommodation. Blackstone’s London office locations are more flexible than those of WeWork due to its majority ownership of The Office Group, which partnered with Fora (part of its parent brand). The Office Group has more than 70 offices, with 61 in Central London.December 2023: MEININGER, the world’s largest hotel operator, announced plans to expand into Edinburgh after signing an agreement with property development firm S Harrison to turn a 1970s office block in the city’s Haymarket into a beautiful new hotel. S Harrison, based in York, purchased Osborne House in late 2018 and has since worked with Edinburgh’s Comprehensive Design Architects to develop the building’s transformational plans. The new hotel is expected to have a total of 157 bedrooms and include a ground-floor bar and lounge.. Key drivers for this market are: Increasing immigration driving the market, Increase in supply of commercial properties driving the market. Potential restraints include: Increasing immigration driving the market, Increase in supply of commercial properties driving the market. Notable trends are: The Retail Segment is Experiencing Lucrative Growth.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

The global residential real estate market is a dynamic and substantial sector, exhibiting consistent growth driven by several key factors. Population growth, particularly in urban areas, fuels an ongoing demand for housing, while rising disposable incomes and improved access to mortgages empower more individuals to become homeowners. Furthermore, government initiatives promoting affordable housing and infrastructure development further stimulate market expansion. However, challenges remain. Fluctuating interest rates, economic uncertainties, and the availability of construction materials can significantly impact market performance. The market is segmented by application (home ownership versus rental) and property type (ranging from low-block homes to luxury mansions and unique structures like dachas). Major players such as PulteHomes, Lennar, and Horton in North America, alongside significant Chinese developers like Evergrande, Vanke, and Country Garden, dominate the global landscape. These companies compete through varying strategies focusing on different segments and geographic markets. Regional variations are significant, with North America and Asia-Pacific representing major markets, driven by distinct economic conditions and population demographics. Growth projections indicate a continued expansion of the market, though the rate will be influenced by the macroeconomic environment and government policies. The competitive landscape is characterized by both established multinational corporations and regional players. Consolidation and mergers are common, as larger firms seek to expand their market share. Technological advancements, such as online property portals and virtual tours, are transforming the way properties are marketed and purchased, leading to increased transparency and efficiency. Sustainability concerns are also increasingly influencing the sector, with a growing emphasis on eco-friendly construction materials and energy-efficient designs. These trends are expected to further shape the residential real estate market in the coming years, leading to a continued but potentially moderated expansion. Understanding these factors is crucial for navigating this complex and multifaceted market.

In 2023, the Europe Real Estate Market reached a value of USD 3181.6 million, and it is projected to surge to USD 4350.0 m.illion by 2030.

The European luxury residential real estate market, valued at approximately €50 billion in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) exceeding 4% from 2025 to 2033. This expansion is fueled by several key drivers: a growing high-net-worth individual (HNWI) population, particularly in major cities like London, Paris, and Munich; increasing demand for high-end properties with unique architectural features and amenities; and a rise in investment in luxury real estate as a safe haven asset. Furthermore, favorable government policies in certain European countries aimed at attracting foreign investment in the property sector further contribute to the market's dynamism. The market is segmented into villas/landed houses and condominiums/apartments, with villas experiencing slightly higher growth due to increased demand for larger properties offering privacy and space. However, the condominium/apartment segment also demonstrates significant potential, especially in urban centers with limited land availability. Competitive pressures exist among numerous established players such as Mansion Global, Sotheby's International Realty, and Barnes International Realty, leading to innovative marketing strategies and a focus on providing personalized client experiences to secure market share. Despite its positive trajectory, the market faces certain restraints. Fluctuations in global economic conditions, particularly macroeconomic uncertainties and potential interest rate hikes, can impact investor sentiment and dampen demand. Stringent regulations on foreign investment in some European countries and concerns about environmental sustainability and the carbon footprint of luxury properties also present challenges. To mitigate these risks, developers and real estate firms are incorporating sustainable practices in construction and focusing on energy-efficient designs to appeal to environmentally conscious buyers. The market's future prospects remain positive, driven by long-term economic growth in key European economies and the persistent appeal of luxury real estate as a symbol of prestige and investment. The geographical focus on the UK, Germany, France, Italy, Spain, and other key European nations reflects regional variations in demand and pricing, influenced by factors such as economic conditions and local real estate markets. This report provides a detailed analysis of the Europe luxury residential real estate market, covering the period 2019-2033. With a base year of 2025 and a forecast period spanning 2025-2033, this in-depth study utilizes data from the historical period (2019-2024) to offer valuable insights for investors, developers, and industry stakeholders. The report examines key market segments (Villas/Landed Houses, Condominiums/Apartments), focusing on industry trends, leading players, and future growth potential. Keywords: Luxury Real Estate Europe, European Luxury Homes, High-End Residential Properties, Prime Residential Market, European Real Estate Investment, Luxury Property Market Trends, Villas Europe, Apartments Europe. Recent developments include: August 2022: Slate Asset Management, a global alternative investment platform that focuses on real assets, stated that it had paid more than NOK 1.5 billion (USD 0.15 billion) for a portfolio of 36 key real estate properties in Norway. Following closely on the heels of the company's initial two portfolio purchases in the area in December 2021 and March 2022, this deal increases Slate's presence in Norway to a total of 63 critical real estate assets., January 2022: Instone Real Estate, one of the leading residential developers in Germany, continued its successful cooperation with LEG with the sale of around 330 apartments. The transaction includes 96 privately financed rental apartments on the west side site in Bonn-Endenich. In addition, a further 236 rental apartments in the Literature Quarter in Essen - 52 of which are publicly funded and 184 privately financed - are part of the apartment package that LEG Solution acquired as part of a forward deal for the existing LEG companies.. Key drivers for this market are: Rising Commercial Property Development, Rapid Digitalization of Commercial Construction. Potential restraints include: Emerging Safety and Labour Issues, Rise in Cost of Construction. Notable trends are: Largest Real Estate Companies in Europe.

In 2023, Germany had the largest housing stock among European countries with a total of **** million housing units. Other countries heading the ranking were France, Spain, and the United Kingdom (UK). This was not surprising, considering that the top four countries have some of the largest population in Europe. In terms of the number of housing units per 1,000 citizens, however, the top three countries were Bulgaria, Spain and France. Which European countries build the most housing? Supply of new housing varies greatly in different countries. In 2023, Ireland and Poland delivered the highest number of housing completions, but when it comes to construction starts, Ireland topped the ranking, leaving Serbia and Austria in second and third place, respectively. How did house prices change in 2023? Demand for housing remained strong in 2023, causing house prices to grow in almost all European countries. The United Kingdom was one of the few countries where home prices declined - a result of the soaring interest rates and cost of living crisis. Hungary was at the other side of the spectrum, with house prices surging by more than ** percent.