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

EU countries by net turnover in real estate activities

Germany had the highest net turnover in real estate activities of 27 EU countries in 2017, at €135.75 billion. Cyprus had the lowest, at €155.5 million. The median was €5.7 billion and the figure for the European Union (27) was €467.63 billion. Source: Eurostat, European Commission.

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Highest135,751.4Germany
Lowest155.5Cyprus
Median5,699.827 EU countries
European Union (27)467,633.7History

Map of EU countries, 2017

Austria: 18,831.6 EUR millionBelgium: 14,401.7 EUR millionBulgaria: 1,474 EUR millionCyprus: 155.5 EUR millionCzechia: 7,630.3 EUR millionGermany: 135,751.4 EUR millionDenmark: 18,947.1 EUR millionEstonia: 1,723.8 EUR millionSpain: 28,694.5 EUR millionFinland: 10,101.1 EUR millionFrance: 77,581.3 EUR millionGreece: 1,348.5 EUR millionCroatia: 1,097 EUR millionHungary: 5,699.8 EUR millionIreland: 3,170 EUR millionItaly: 36,794 EUR millionLithuania: 1,617.5 EUR millionLuxembourg: 1,661 EUR millionLatvia: 1,453.5 EUR millionMalta: 480.1 EUR millionNetherlands: 28,994.4 EUR millionPoland: 18,675.9 EUR millionPortugal: 7,064.1 EUR millionRomania: 2,938.8 EUR millionSweden: 37,093.5 EUR millionSlovenia: 682 EUR millionSlovakia: 3,511.3 EUR million
  • Under 1,000
  • 1,000 to 3,000
  • 3,000 to 9,000
  • 9,000 to 27K
  • 27K and over
EUR million, 2017. Source: Eurostat, Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2). Boundaries: Natural Earth (public domain).

All EU countries, 2017

Germany: 135,751.4 EUR millionGermany135,751.4France: 77,581.3 EUR millionFrance77,581.3Sweden: 37,093.5 EUR millionSweden37,093.5Italy: 36,794 EUR millionItaly36,794Netherlands: 28,994.4 EUR millionNetherlands28,994.4Spain: 28,694.5 EUR millionSpain28,694.5Denmark: 18,947.1 EUR millionDenmark18,947.1Austria: 18,831.6 EUR millionAustria18,831.6Poland: 18,675.9 EUR millionPoland18,675.9Belgium: 14,401.7 EUR millionBelgium14,401.7Finland: 10,101.1 EUR millionFinland10,101.1Czechia: 7,630.3 EUR millionCzechia7,630.3Portugal: 7,064.1 EUR millionPortugal7,064.1Hungary: 5,699.8 EUR millionHungary5,699.8Slovakia: 3,511.3 EUR millionSlovakia3,511.3Ireland: 3,170 EUR millionIreland3,170Romania: 2,938.8 EUR millionRomania2,938.8Estonia: 1,723.8 EUR millionEstonia1,723.8Luxembourg: 1,661 EUR millionLuxembourg1,661Lithuania: 1,617.5 EUR millionLithuania1,617.5Bulgaria: 1,474 EUR millionBulgaria1,474Latvia: 1,453.5 EUR millionLatvia1,453.5Greece: 1,348.5 EUR millionGreece1,348.5Croatia: 1,097 EUR millionCroatia1,097Slovenia: 682 EUR millionSlovenia682Malta: 480.1 EUR millionMalta480.1Cyprus: 155.5 EUR millionCyprus155.5Germany: 135,751.4 EUR millionGermany135,751.4France: 77,581.3 EUR millionFrance77,581.3Sweden: 37,093.5 EUR millionSweden37,093.5Italy: 36,794 EUR millionItaly36,794Netherlands: 28,994.4 EUR millionNetherlands28,994.4Spain: 28,694.5 EUR millionSpain28,694.5Denmark: 18,947.1 EUR millionDenmark18,947.1Austria: 18,831.6 EUR millionAustria18,831.6Poland: 18,675.9 EUR millionPoland18,675.9Belgium: 14,401.7 EUR millionBelgium14,401.7Finland: 10,101.1 EUR millionFinland10,101.1Czechia: 7,630.3 EUR millionCzechia7,630.3Portugal: 7,064.1 EUR millionPortugal7,064.1Hungary: 5,699.8 EUR millionHungary5,699.8Slovakia: 3,511.3 EUR millionSlovakia3,511.3Ireland: 3,170 EUR millionIreland3,170Romania: 2,938.8 EUR millionRomania2,938.8Estonia: 1,723.8 EUR millionEstonia1,723.8Luxembourg: 1,661 EUR millionLuxembourg1,661Lithuania: 1,617.5 EUR millionLithuania1,617.5Bulgaria: 1,474 EUR millionBulgaria1,474Latvia: 1,453.5 EUR millionLatvia1,453.5Greece: 1,348.5 EUR millionGreece1,348.5Croatia: 1,097 EUR millionCroatia1,097Slovenia: 682 EUR millionSlovenia682Malta: 480.1 EUR millionMalta480.1Cyprus: 155.5 EUR millionCyprus155.5
EUR million. Source: Eurostat, Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2). Retrieved 2026-10-12.

Full ranking

RankEU countries2017
EUR million		Change on 2016
1Germany135,751.4+3.3%
2France Series break77,581.3-10.2%
3Sweden37,093.5+4.2%
4Italy Series break36,794-6%
5Netherlands28,994.4+4.5%
6Spain28,694.5+11.7%
7Denmark18,947.1+16.3%
8Austria18,831.6+5.6%
9Poland18,675.9+11.7%
10Belgium14,401.7+6.3%
11Finland Series break10,101.1+10.3%
12Czechia7,630.3+5.5%
13Portugal7,064.1+30.3%
14Hungary5,699.8+11.9%
15Slovakia3,511.3+8.4%
16Ireland3,170-8.8%
17Romania2,938.8+7.6%
18Estonia1,723.8+14%
19Luxembourg1,661+10.7%
20Lithuania1,617.5+9.3%
21Bulgaria1,474+8.8%
22Latvia1,453.5+0.3%
23Greece1,348.5+4%
24Croatia1,097+7.8%
25Slovenia682+4.7%
26Malta480.1+11%
27Cyprus155.5+25.5%

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 (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2). https://ec.europa.eu/eurostat/databrowser/view/sbs_na_sca_r2/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. (2024). Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2) (EU countries by net turnover in real estate activities, 2017) [Data set]. Retrieved October 12, 2026, from https://ec.europa.eu/eurostat/databrowser/view/sbs_na_sca_r2/default/table

MLA 9

Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2), EU countries by net turnover in real estate activities, 2017. Eurostat, European Commission, 1 Mar. 2024, https://ec.europa.eu/eurostat/databrowser/view/sbs_na_sca_r2/default/table. Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries?period=2017. Accessed 12 Oct. 2026.

Chicago (author-date)

Eurostat, European Commission. 2024. Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2). EU countries by net turnover in real estate activities, 2017. Dataset. Accessed October 12, 2026. https://ec.europa.eu/eurostat/databrowser/view/sbs_na_sca_r2/default/table. Also distributed by Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries?period=2017.

Harvard

Eurostat, European Commission (2024) Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2), EU countries by net turnover in real estate activities, 2017 [Dataset]. Available at: https://ec.europa.eu/eurostat/databrowser/view/sbs_na_sca_r2/default/table, via Invokely: https://invokely.ai/rankings/turnover-real-estate/eu-countries?period=2017 (Accessed: 12 October 2026).

BibTeX
@misc{eurostat_eu_countries_by_net_2017,
  author = {{Eurostat, European Commission}},
  title = {{Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs\_na\_sca\_r2): EU countries by net turnover in real estate activities, 2017}},
  year = {2024},
  howpublished = {Data set},
  url = {https://ec.europa.eu/eurostat/databrowser/view/sbs_na_sca_r2/default/table},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries?period=2017. Publisher attribution: Eurostat. Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs\_na\_sca\_r2). https://ec.europa.eu/eurostat/databrowser/view/sbs\_na\_sca\_r2/default/table. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - Eurostat, European Commission
TI  - Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2): EU countries by net turnover in real estate activities, 2017
PY  - 2024
DA  - 2024/03/01
PB  - Eurostat, European Commission
DB  - Invokely
UR  - https://ec.europa.eu/eurostat/databrowser/view/sbs_na_sca_r2/default/table
L2  - https://invokely.ai/rankings/turnover-real-estate/eu-countries?period=2017
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries?period=2017.
N1  - Publisher attribution: Eurostat. Structural business statistics (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2). https://ec.europa.eu/eurostat/databrowser/view/sbs_na_sca_r2/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 €135.75 billion in 2017, according to Eurostat, European Commission.

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

Cyprus, with €155.5 million in 2017.

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 (2005 to 2020), Real estate activities (NACE Rev. 2 section L), turnover or gross premiums written, EUR million (sbs_na_sca_r2). Retrieved 2026-10-12.

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