Europe Real Estate Market Expected to Reach USD 2.4 Billion by 2033 - IMARC Group

January 13, 2025 | Financial Services and Investment Intelligence

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Europe Real Estate Market Statistics, Outlook and Regional Analysis 2025-2033

The Europe real estate market size was valued at USD 1.6 Billion in 2024, and it is expected to reach USD 2.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% from 2025 to 2033.

Europe Real Estate Market

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The rising low-interest rates of buildings, coupled with demographic shifts, are stimulating the market in Europe. A stable economy draws both foreign and domestic investment, which increases demand for commercial and residential properties. This is propelling the market growth across the region. According to the Office for National Statistics, the GDP of the United Kingdom grew by more than 0.5% in Quarter 1 of 2024. Apart from this, continuous investments and strategic collaborations are also acting as significant growth-inducing factors.

Moreover, the growing levels of urbanization are pushing up demand for housing, retail facilities, and office spaces in key cities, thereby contributing to the region's growth. The need for new infrastructure and real estate development is increasing as more people move to cities, further enabling the market forward. In February 2023, Keller Williams (KW), one of the world's largest real estate franchises by agent count, announced expansion and growth into Germany. Besides this, foreign capital inflows, mainly from Asia Pacific and North America, are fueling the market expansion and promoting new initiatives in a variety of real estate industries. Europe is a popular destination for international investors looking for steady profits. The "Choose France" event 2024, an annual summit aimed at recruiting foreign investment to France, resulted in more than € 15 Billion in foreign investments. Also, in 2023, France received 21% of all foreign investment, up from 18.7% in the previous years, further propelling the industry’s growth.

Europe Real Estate Market Statistics, By Country

The market research report has also provided a comprehensive analysis of all the major regional markets, which include Germany, France, the United Kingdom, Italy, Spain, and others. The inflating requirements of residential and commercial developments with a minimal rate of interest are stimulating the market across these countries.

Germany Real Estate Market Trends:

The growth of Germany is supported by rapid urbanization. There has been significant residential development in cities like Munich and Frankfurt, which further boosts the industry growth. Additionally, perks like low interest rates encourage buyers to invest in property. Besides this, Germany's stable political environment and attractive returns draw significant foreign investment, further escalating the industry's growth.

France Real Estate Market Trends:

The growth of France is driven by a better economy, foreign investments, and more people moving to cities. As France's economy improves, people feel more confident and are buying more properties. Cities like Lyon, Marseille, and Paris are seeing higher demand for homes and business spaces because of rapid urban growth. France is also popular with international investors because of its cultural and economic importance. Additionally, government efforts to support green projects and improve urban areas are helping the market grow.

United Kingdom Real Estate Market Trends:

In the United Kingdom, the trend of co-living is on the rise, especially in cities like London and Manchester. Moreover, young students are increasingly looking for co-living spaces that offer shared living areas, lower rent, and community engagement. Also, the escalating demand for housing in urban areas is supporting the industry's growth.

Italy Real Estate Market Trends:

There has been an increasing popularity of luxury properties, especially in Milan and Rome. Moreover, the rich heritage culture in Italy attracts international buyers. Also, Milan’s status as a fashion capital and Rome’s iconic architecture have led to the increasing demand for high-end residential and commercial properties, making luxury real estate a key driver of market growth.

Spain Real Estate Market Trends:

In Spain, more people are buying vacation homes, especially along the Mediterranean coast. Popular places like Costa Brava and the Balearic Islands are attracting foreign buyers. Spain's sunny weather, lower property prices compared to other European countries, and tax benefits make it a great place for second homes. Many Northern Europeans are interested in buying holiday homes or investment properties in these areas.

Other Countries Real Estate Market Trends:

Investors are able to visit Schengen with an EU residence permit. Other countries in Europe have collectively garnered approximately €25 Billion in foreign direct investments via residency-by-investment programs. One such nation in Europe is Portugal, which grants residence permits through such initiatives.

Top Companies Leading in the Europe Real Estate Industry

The competitive landscape of the European real estate market is marked by prominent organizations that dominate the region. They focus on a diversified product portfolio, investing in substantial capital, and using advanced technologies. Covivo, in November 2023, entered into exclusive negotiations with AccorInvest to consolidate their jointly held business assets and hotel properties.

Europe Real Estate Market Segmentation Coverage

On the basis of the property, the market has been bifurcated into residential, commercial, industrial, and land. The rapid urbanization in key cities, along with the rising disposable income, is driving the growth of the segment. Moreover, the increasing business expansion is propelling the commercial property sector. Besides this, e-commerce growth across the region is propelling the need for industrial property.
Based on the business, the market is categorized into sales and rental. The surging purchasing power and economic stability are driving the demand for sales. Additionally, the rising number of people moving to urban areas is escalating the rental business.
On the basis of the mode, the market has been divided into online and offline. Ongoing technological innovations coupled with a growing number of online platforms offering virtual tours are supporting the online real estate era. Additionally, the rising penetration towards personalized experience propels the demand for offline mode.

Report Features	Details
Market Size in 2024	USD 1.6 Billion
Market Forecast in 2033	USD 2.4 Billion
Market Growth Rate 2025-2033	4.5%
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Property Business Mode Country
Properties Covered	Residential, Commercial, Industrial, Land
Businesses Covered	Sales, Rental
Modes Covered	Online, Offline
Countries Covered	Germany, France, the United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Europe Real Estate Market Expected to Reach USD 2.4 Billion by 2033 - IMARC Group

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