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 2018, at €124.94 billion. Cyprus had the lowest, at €180.4 million. The median was €6.3 billion and the figure for the European Union (27) was €470.8 billion. Source: Eurostat, European Commission.

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Highest124,943Germany
Lowest180.4Cyprus
Median6,297.127 EU countries
European Union (27)470,799.4History

Map of EU countries, 2018

Austria: 18,296.4 EUR millionBelgium: 13,914.2 EUR millionBulgaria: 1,560.8 EUR millionCyprus: 180.4 EUR millionCzechia: 8,267.4 EUR millionGermany: 124,943 EUR millionDenmark: 19,304.8 EUR millionEstonia: 1,763.8 EUR millionSpain: 29,167.3 EUR millionFinland: 12,430.4 EUR millionFrance: 85,161.4 EUR millionGreece: 1,668.5 EUR millionCroatia: 1,075.3 EUR millionHungary: 6,297.1 EUR millionIreland: 4,030.2 EUR millionItaly: 37,070.6 EUR millionLithuania: 1,979.6 EUR millionLuxembourg: 1,953.8 EUR millionLatvia: 1,565.2 EUR millionMalta: 574.6 EUR millionNetherlands: 30,106 EUR millionPoland: 20,703.5 EUR millionPortugal: 8,385.2 EUR millionRomania: 3,493.5 EUR millionSweden: 31,856.4 EUR millionSlovenia: 741.8 EUR millionSlovakia: 3,902.3 EUR million
  • Under 2,000
  • 2,000 to 4,000
  • 4,000 to 11K
  • 11K to 27K
  • 27K and over
EUR million, 2018. 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, 2018

Germany: 124,943 EUR millionGermany124,943France: 85,161.4 EUR millionFrance85,161.4Italy: 37,070.6 EUR millionItaly37,070.6Sweden: 31,856.4 EUR millionSweden31,856.4Netherlands: 30,106 EUR millionNetherlands30,106Spain: 29,167.3 EUR millionSpain29,167.3Poland: 20,703.5 EUR millionPoland20,703.5Denmark: 19,304.8 EUR millionDenmark19,304.8Austria: 18,296.4 EUR millionAustria18,296.4Belgium: 13,914.2 EUR millionBelgium13,914.2Finland: 12,430.4 EUR millionFinland12,430.4Portugal: 8,385.2 EUR millionPortugal8,385.2Czechia: 8,267.4 EUR millionCzechia8,267.4Hungary: 6,297.1 EUR millionHungary6,297.1Ireland: 4,030.2 EUR millionIreland4,030.2Slovakia: 3,902.3 EUR millionSlovakia3,902.3Romania: 3,493.5 EUR millionRomania3,493.5Lithuania: 1,979.6 EUR millionLithuania1,979.6Luxembourg: 1,953.8 EUR millionLuxembourg1,953.8Estonia: 1,763.8 EUR millionEstonia1,763.8Greece: 1,668.5 EUR millionGreece1,668.5Latvia: 1,565.2 EUR millionLatvia1,565.2Bulgaria: 1,560.8 EUR millionBulgaria1,560.8Croatia: 1,075.3 EUR millionCroatia1,075.3Slovenia: 741.8 EUR millionSlovenia741.8Malta: 574.6 EUR millionMalta574.6Cyprus: 180.4 EUR millionCyprus180.4Germany: 124,943 EUR millionGermany124,943France: 85,161.4 EUR millionFrance85,161.4Italy: 37,070.6 EUR millionItaly37,070.6Sweden: 31,856.4 EUR millionSweden31,856.4Netherlands: 30,106 EUR millionNetherlands30,106Spain: 29,167.3 EUR millionSpain29,167.3Poland: 20,703.5 EUR millionPoland20,703.5Denmark: 19,304.8 EUR millionDenmark19,304.8Austria: 18,296.4 EUR millionAustria18,296.4Belgium: 13,914.2 EUR millionBelgium13,914.2Finland: 12,430.4 EUR millionFinland12,430.4Portugal: 8,385.2 EUR millionPortugal8,385.2Czechia: 8,267.4 EUR millionCzechia8,267.4Hungary: 6,297.1 EUR millionHungary6,297.1Ireland: 4,030.2 EUR millionIreland4,030.2Slovakia: 3,902.3 EUR millionSlovakia3,902.3Romania: 3,493.5 EUR millionRomania3,493.5Lithuania: 1,979.6 EUR millionLithuania1,979.6Luxembourg: 1,953.8 EUR millionLuxembourg1,953.8Estonia: 1,763.8 EUR millionEstonia1,763.8Greece: 1,668.5 EUR millionGreece1,668.5Latvia: 1,565.2 EUR millionLatvia1,565.2Bulgaria: 1,560.8 EUR millionBulgaria1,560.8Croatia: 1,075.3 EUR millionCroatia1,075.3Slovenia: 741.8 EUR millionSlovenia741.8Malta: 574.6 EUR millionMalta574.6Cyprus: 180.4 EUR millionCyprus180.4
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 countries2018
EUR million		Change on 2017
1Germany Series break124,943-8%
2France85,161.4+9.8%
3Italy37,070.6+0.8%
4Sweden Series break31,856.4-14.1%
5Netherlands30,106+3.8%
6Spain Series break29,167.3+1.6%
7Poland Series break20,703.5+10.9%
8Denmark19,304.8+1.9%
9Austria Series break18,296.4-2.8%
10Belgium Series break13,914.2-3.4%
11Finland12,430.4+23.1%
12Portugal8,385.2+18.7%
13Czechia8,267.4+8.3%
14Hungary Series break6,297.1+10.5%
15Ireland4,030.2+27.1%
16Slovakia3,902.3+11.1%
17Romania Series break3,493.5+18.9%
18Lithuania Series break1,979.6+22.4%
19Luxembourg1,953.8+17.6%
20Estonia Series break1,763.8+2.3%
21Greece Series break1,668.5+23.7%
22Latvia1,565.2+7.7%
23Bulgaria Series break1,560.8+5.9%
24Croatia1,075.3-2%
25Slovenia741.8+8.8%
26Malta574.6+19.7%
27Cyprus180.4+16%

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, 2018) [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, 2018. 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=2018. 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, 2018. 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=2018.

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, 2018 [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=2018 (Accessed: 12 October 2026).

BibTeX
@misc{eurostat_eu_countries_by_net_2018,
  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, 2018}},
  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=2018. 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, 2018
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=2018
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries?period=2018.
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 €124.94 billion in 2018, according to Eurostat, European Commission.

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

Cyprus, with €180.4 million in 2018.

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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