The Germany residential real estate market is projected to exhibit a growth rate (CAGR) of 4.40% during 2024-2032. Economic stability, rapid urbanization, low interest rates, population growth, increasing supportive government policies, and its appeal as a safe investment destination are collectively boosting housing demand and attracting both domestic and international investors, which is fostering the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 4.40% |
Rapid Urbanization
Rapid urbanization in Germany is acting as a major growth-inducing factor in the market. Major cities, such as Berlin, Munich, and Frankfurt, are experiencing increasing population inflows due to job opportunities, better living standards, and educational prospects. According to industry reports, Berlin's population grew by 0.7% in 2023 compared with the previous year. Accordingly, around 27,300 more residents lived in Berlin last year than in 2022. Those of 30 to under 35 years old form the numerically largest age group. With more than 940,000 foreign residents from around 170 nations and an average age of the population of 43 years old, Berlin is a cosmopolitan and young city. This urban migration fuels the demand for housing, leading to new residential developments and increased property values in urban centers.
Economic Stability
The strong and resilient economy of Germany provides a solid foundation for the real estate market. For instance, since Russia attacked Ukraine on 24th February 2022, millions of people have left the country. Roughly 1.1 million arrivals of people from Ukraine were recorded in Germany in 2022. This is reported by the Federal Statistical Office (Destatis) based on provisional results and an ad-hoc evolution of migration status. As Europe’s largest economy, Germany benefits from the robust industrial output, low unemployment rates, and a high standard of living this economic stability attracts both domestic and international investors seeking secure and profitable real estate investments. According to the industry report, with a gross domestic product (GDP) of €4.121 billion in 2023, Germany is the third-largest economy in the world after the United States and China, and thus also the largest economy in Europe. The country's consistent GDP growth and sound fiscal policies ensure a steady demand for residential properties, supporting market expansion.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes villas and landed houses and apartments and condominiums.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Western Germany, Southern Germany, Eastern Germany, and Northern Germany.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Billion US$ |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Villas and Landed Houses, Apartments and Condominiums |
Regions Covered | Western Germany, Southern Germany, Eastern Germany, Northern Germany |
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) |