Data / Rankings / Net turnover in real estate activities / EU countries

EU countries by net turnover in real estate activities, 2024

Germany had the highest net turnover in real estate activities of 27 EU countries in 2024, at €155.42 billion. Cyprus had the lowest, at €390.21 million. The median was €9.02 billion and the figure for the European Union (27) was €609.3 billion. Source: Eurostat, European Commission.

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Highest155,421.7Germany
Lowest390.2Cyprus
Median9,021.627 EU countries
European Union (27)609,300.2History

Map of EU countries, 2024

Austria: 24,103 EUR millionBelgium: 19,923.6 EUR millionBulgaria: 2,857.5 EUR millionCyprus: 390.2 EUR millionCzechia: 14,215.1 EUR millionGermany: 155,421.7 EUR millionDenmark: 22,949.1 EUR millionEstonia: 2,548.8 EUR millionSpain: 40,650.5 EUR millionFinland: 14,957.4 EUR millionFrance: 94,681.6 EUR millionGreece: 4,677.6 EUR millionCroatia: 1,677.7 EUR millionHungary: 9,021.6 EUR millionIreland: 5,672.8 EUR millionItaly: 45,844.4 EUR millionLithuania: 2,866.9 EUR millionLuxembourg: 2,552.6 EUR millionLatvia: 2,194.5 EUR millionMalta: 911.2 EUR millionNetherlands: 36,604.7 EUR millionPoland: 36,056.3 EUR millionPortugal: 14,320.3 EUR millionRomania: 5,457.7 EUR millionSweden: 41,363.2 EUR millionSlovenia: 1,458.4 EUR millionSlovakia: 5,922.1 EUR million
  • Under 3,000
  • 3,000 to 6,000
  • 6,000 to 15K
  • 15K to 36K
  • 36K and over
EUR million, 2024. Source: Eurostat, Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act). Boundaries: Natural Earth (public domain).

All EU countries, 2024

Germany: 155,421.7 EUR millionGermany155,421.7France: 94,681.6 EUR millionFrance94,681.6Italy: 45,844.4 EUR millionItaly45,844.4Sweden: 41,363.2 EUR millionSweden41,363.2Spain: 40,650.5 EUR millionSpain40,650.5Netherlands: 36,604.7 EUR millionNetherlands36,604.7Poland: 36,056.3 EUR millionPoland36,056.3Austria: 24,103 EUR millionAustria24,103Denmark: 22,949.1 EUR millionDenmark22,949.1Belgium: 19,923.6 EUR millionBelgium19,923.6Finland: 14,957.4 EUR millionFinland14,957.4Portugal: 14,320.3 EUR millionPortugal14,320.3Czechia: 14,215.1 EUR millionCzechia14,215.1Hungary: 9,021.6 EUR millionHungary9,021.6Slovakia: 5,922.1 EUR millionSlovakia5,922.1Ireland: 5,672.8 EUR millionIreland5,672.8Romania: 5,457.7 EUR millionRomania5,457.7Greece: 4,677.6 EUR millionGreece4,677.6Lithuania: 2,866.9 EUR millionLithuania2,866.9Bulgaria: 2,857.5 EUR millionBulgaria2,857.5Luxembourg: 2,552.6 EUR millionLuxembourg2,552.6Estonia: 2,548.8 EUR millionEstonia2,548.8Latvia: 2,194.5 EUR millionLatvia2,194.5Croatia: 1,677.7 EUR millionCroatia1,677.7Slovenia: 1,458.4 EUR millionSlovenia1,458.4Malta: 911.2 EUR millionMalta911.2Cyprus: 390.2 EUR millionCyprus390.2Germany: 155,421.7 EUR millionGermany155,421.7France: 94,681.6 EUR millionFrance94,681.6Italy: 45,844.4 EUR millionItaly45,844.4Sweden: 41,363.2 EUR millionSweden41,363.2Spain: 40,650.5 EUR millionSpain40,650.5Netherlands: 36,604.7 EUR millionNetherlands36,604.7Poland: 36,056.3 EUR millionPoland36,056.3Austria: 24,103 EUR millionAustria24,103Denmark: 22,949.1 EUR millionDenmark22,949.1Belgium: 19,923.6 EUR millionBelgium19,923.6Finland: 14,957.4 EUR millionFinland14,957.4Portugal: 14,320.3 EUR millionPortugal14,320.3Czechia: 14,215.1 EUR millionCzechia14,215.1Hungary: 9,021.6 EUR millionHungary9,021.6Slovakia: 5,922.1 EUR millionSlovakia5,922.1Ireland: 5,672.8 EUR millionIreland5,672.8Romania: 5,457.7 EUR millionRomania5,457.7Greece: 4,677.6 EUR millionGreece4,677.6Lithuania: 2,866.9 EUR millionLithuania2,866.9Bulgaria: 2,857.5 EUR millionBulgaria2,857.5Luxembourg: 2,552.6 EUR millionLuxembourg2,552.6Estonia: 2,548.8 EUR millionEstonia2,548.8Latvia: 2,194.5 EUR millionLatvia2,194.5Croatia: 1,677.7 EUR millionCroatia1,677.7Slovenia: 1,458.4 EUR millionSlovenia1,458.4Malta: 911.2 EUR millionMalta911.2Cyprus: 390.2 EUR millionCyprus390.2
EUR million. Source: Eurostat, Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act). Retrieved 2026-10-12.

Full ranking

RankEU countries2024
EUR million		Change on 2023
1Germany155,421.7+18%
2France94,681.6+0.1%
3Italy45,844.4+2.2%
4Sweden41,363.2+8.7%
5Spain40,650.5+3.7%
6Netherlands36,604.7+5.1%
7Poland36,056.3+15.2%
8Austria24,103+2.3%
9Denmark22,949.1+40.7%
10Belgium19,923.6+5.7%
11Finland14,957.4+6.1%
12Portugal14,320.3+10.3%
13Czechia14,215.1+4.3%
14Hungary9,021.6+8.5%
15Slovakia5,922.1+18.7%
16Ireland5,672.8-29.5%
17Romania5,457.7+2.5%
18Greece4,677.6+18.1%
19Lithuania2,866.9+9.4%
20Bulgaria2,857.5+10.9%
21Luxembourg2,552.6+5.9%
22Estonia2,548.8-0.4%
23Latvia2,194.5+2.3%
24Croatia1,677.7+9.3%
25Slovenia1,458.4+21.9%
26Malta911.2+4.8%
27Cyprus390.2+9%

Other periods

About this ranking

Net turnover of enterprises in real estate activities (NACE Rev.

More on how it is measured
  • 2 section L): the amounts invoiced during the year for sales of goods and services to third parties, excluding VAT and other deductible taxes, in millions of euros at current prices.
  • Eurostat structural business statistics.

Eurostat structural business statistics. From 2021 the series come from sbs_ovw_act under Regulation (EU) 2019/2152 on European business statistics; 2005 to 2020 come from the earlier table sbs_na_sca_r2. Values for 2021 are flagged as a break: value added moved from factor cost to basic prices and some activities changed coverage, so the change from 2020 to 2021 is not all real. Amounts are published in euros for every country, including those outside the euro area. Not the same as active_companies (INE business register, Spain) or employer_firms (US Census Bureau).

Every value in the ranking comes from the same publisher and the same period, so the EU countries are compared on one definition. Equal values share a rank.

How to cite

Eurostat. Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act). https://ec.europa.eu/eurostat/databrowser/view/sbs_ovw_act/default/table. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

Eurostat, European Commission. (2026). Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act) (EU countries by net turnover in real estate activities, 2024) [Data set]. Retrieved October 12, 2026, from https://ec.europa.eu/eurostat/databrowser/view/sbs_ovw_act/default/table

MLA 9

Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act), EU countries by net turnover in real estate activities, 2024. Eurostat, European Commission, 30 Sept. 2026, https://ec.europa.eu/eurostat/databrowser/view/sbs_ovw_act/default/table. Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries. Accessed 12 Oct. 2026.

Chicago (author-date)

Eurostat, European Commission. 2026. Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act). EU countries by net turnover in real estate activities, 2024. Dataset. Accessed October 12, 2026. https://ec.europa.eu/eurostat/databrowser/view/sbs_ovw_act/default/table. Also distributed by Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries.

Harvard

Eurostat, European Commission (2026) Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act), EU countries by net turnover in real estate activities, 2024 [Dataset]. Available at: https://ec.europa.eu/eurostat/databrowser/view/sbs_ovw_act/default/table, via Invokely: https://invokely.ai/rankings/turnover-real-estate/eu-countries (Accessed: 12 October 2026).

BibTeX
@misc{eurostat_eu_countries_by_net_2024,
  author = {{Eurostat, European Commission}},
  title = {{Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs\_ovw\_act): EU countries by net turnover in real estate activities, 2024}},
  year = {2026},
  howpublished = {Data set},
  url = {https://ec.europa.eu/eurostat/databrowser/view/sbs_ovw_act/default/table},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries. Publisher attribution: Eurostat. Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs\_ovw\_act). https://ec.europa.eu/eurostat/databrowser/view/sbs\_ovw\_act/default/table. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - Eurostat, European Commission
TI  - Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act): EU countries by net turnover in real estate activities, 2024
PY  - 2026
DA  - 2026/09/30
PB  - Eurostat, European Commission
DB  - Invokely
UR  - https://ec.europa.eu/eurostat/databrowser/view/sbs_ovw_act/default/table
L2  - https://invokely.ai/rankings/turnover-real-estate/eu-countries
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries.
N1  - Publisher attribution: Eurostat. Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act). https://ec.europa.eu/eurostat/databrowser/view/sbs_ovw_act/default/table. Retrieved 2026-10-12.
ER  -
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Questions

Which EU country has the highest net turnover in real estate activities?

Germany, with €155.42 billion in 2024, according to Eurostat, European Commission.

Which EU country has the lowest net turnover in real estate activities?

Cyprus, with €390.21 million in 2024.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: Eurostat, European Commission, Structural business statistics, Real estate activities (NACE Rev. 2 section L), net turnover, EUR million (sbs_ovw_act). Retrieved 2026-10-12.

EU countries: more rankings