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 2021, at €139.69 billion. Cyprus had the lowest, at €255.85 million. The median was €7.13 billion and the figure for the European Union (27) was €519.32 billion. Source: Eurostat, European Commission.

Keep it in a collection in your library.
Highest139,693.3Germany
Lowest255.9Cyprus
Median7,129.327 EU countries
European Union (27)519,324.6History

Map of EU countries, 2021

Austria: 21,599 EUR millionBelgium: 16,200.2 EUR millionBulgaria: 1,944.2 EUR millionCyprus: 255.9 EUR millionCzechia: 10,345.2 EUR millionGermany: 139,693.3 EUR millionDenmark: 13,684.8 EUR millionEstonia: 2,315.5 EUR millionSpain: 30,406.5 EUR millionFinland: 13,330.9 EUR millionFrance: 91,410.5 EUR millionGreece: 2,057.9 EUR millionCroatia: 1,177.7 EUR millionHungary: 7,129.3 EUR millionIreland: 4,498.7 EUR millionItaly: 39,994 EUR millionLithuania: 2,091.1 EUR millionLuxembourg: 2,545.7 EUR millionLatvia: 1,908.2 EUR millionMalta: 687.5 EUR millionNetherlands: 32,955.2 EUR millionPoland: 26,334.1 EUR millionPortugal: 10,564.1 EUR millionRomania: 4,270.6 EUR millionSweden: 36,827.3 EUR millionSlovenia: 980.8 EUR millionSlovakia: 4,116.5 EUR million
  • Under 2,000
  • 2,000 to 4,000
  • 4,000 to 12K
  • 12K to 30K
  • 30K and over
EUR million, 2021. 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, 2021

Germany: 139,693.3 EUR millionGermany139,693.3France: 91,410.5 EUR millionFrance91,410.5Italy: 39,994 EUR millionItaly39,994Sweden: 36,827.3 EUR millionSweden36,827.3Netherlands: 32,955.2 EUR millionNetherlands32,955.2Spain: 30,406.5 EUR millionSpain30,406.5Poland: 26,334.1 EUR millionPoland26,334.1Austria: 21,599 EUR millionAustria21,599Belgium: 16,200.2 EUR millionBelgium16,200.2Denmark: 13,684.8 EUR millionDenmark13,684.8Finland: 13,330.9 EUR millionFinland13,330.9Portugal: 10,564.1 EUR millionPortugal10,564.1Czechia: 10,345.2 EUR millionCzechia10,345.2Hungary: 7,129.3 EUR millionHungary7,129.3Ireland: 4,498.7 EUR millionIreland4,498.7Romania: 4,270.6 EUR millionRomania4,270.6Slovakia: 4,116.5 EUR millionSlovakia4,116.5Luxembourg: 2,545.7 EUR millionLuxembourg2,545.7Estonia: 2,315.5 EUR millionEstonia2,315.5Lithuania: 2,091.1 EUR millionLithuania2,091.1Greece: 2,057.9 EUR millionGreece2,057.9Bulgaria: 1,944.2 EUR millionBulgaria1,944.2Latvia: 1,908.2 EUR millionLatvia1,908.2Croatia: 1,177.7 EUR millionCroatia1,177.7Slovenia: 980.8 EUR millionSlovenia980.8Malta: 687.5 EUR millionMalta687.5Cyprus: 255.9 EUR millionCyprus255.9Germany: 139,693.3 EUR millionGermany139,693.3France: 91,410.5 EUR millionFrance91,410.5Italy: 39,994 EUR millionItaly39,994Sweden: 36,827.3 EUR millionSweden36,827.3Netherlands: 32,955.2 EUR millionNetherlands32,955.2Spain: 30,406.5 EUR millionSpain30,406.5Poland: 26,334.1 EUR millionPoland26,334.1Austria: 21,599 EUR millionAustria21,599Belgium: 16,200.2 EUR millionBelgium16,200.2Denmark: 13,684.8 EUR millionDenmark13,684.8Finland: 13,330.9 EUR millionFinland13,330.9Portugal: 10,564.1 EUR millionPortugal10,564.1Czechia: 10,345.2 EUR millionCzechia10,345.2Hungary: 7,129.3 EUR millionHungary7,129.3Ireland: 4,498.7 EUR millionIreland4,498.7Romania: 4,270.6 EUR millionRomania4,270.6Slovakia: 4,116.5 EUR millionSlovakia4,116.5Luxembourg: 2,545.7 EUR millionLuxembourg2,545.7Estonia: 2,315.5 EUR millionEstonia2,315.5Lithuania: 2,091.1 EUR millionLithuania2,091.1Greece: 2,057.9 EUR millionGreece2,057.9Bulgaria: 1,944.2 EUR millionBulgaria1,944.2Latvia: 1,908.2 EUR millionLatvia1,908.2Croatia: 1,177.7 EUR millionCroatia1,177.7Slovenia: 980.8 EUR millionSlovenia980.8Malta: 687.5 EUR millionMalta687.5Cyprus: 255.9 EUR millionCyprus255.9
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 countries2021
EUR million		Change on 2020
1Germany Series break139,693.3+15.2%
2France Series break91,410.5+16.4%
3Italy Series break39,994+15%
4Sweden Series break36,827.3+8.1%
5Netherlands Series break32,955.2+4.5%
6Spain Series break30,406.5+5.3%
7Poland Series break26,334.1+16.6%
8Austria Series break21,599+10.3%
9Belgium Series break16,200.2+15%
10Denmark Series break13,684.8-33.8%
11Finland Series break13,330.9+7%
12Portugal Series break10,564.1+18.5%
13Czechia Series break10,345.2+18.3%
14Hungary Series break7,129.3+4.2%
15Ireland Series break4,498.7+19.1%
16Romania Series break4,270.6+12.8%
17Slovakia Series break4,116.5+1%
18Luxembourg Series break2,545.7+9.3%
19Estonia Series break2,315.5+20.8%
20Lithuania Series break2,091.1+8.9%
21Greece Series break2,057.9+23.5%
22Bulgaria Series break1,944.2+15.1%
23Latvia Series break1,908.2+18.2%
24Croatia Series break1,177.7+8.1%
25Slovenia Series break980.8+19.8%
26Malta Series break687.5+22.5%
27Cyprus Series break255.9+20.2%

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, 2021) [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, 2021. 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?period=2021. 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, 2021. 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?period=2021.

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, 2021 [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?period=2021 (Accessed: 12 October 2026).

BibTeX
@misc{eurostat_eu_countries_by_net_2021,
  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, 2021}},
  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?period=2021. 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, 2021
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?period=2021
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/turnover-real-estate/eu-countries?period=2021.
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  -
Embed this chart

Paste this code into a web page or a blog post. The chart shows the latest figures as they are published, with the source and a link back to this page.

Sites that read oEmbed links, such as WordPress, can show the chart when you paste the link to this page.

Use this data in your AI agent

Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:

Rank EU countries by net turnover in real estate activities using official data, and cite the source.
rank_places {"indicator":"sbs_turnover_eur_real_estate","level":"country","within":"European Union (27)","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=sbs_turnover_eur_real_estate&level=country&within=European%20Union%20(27)&limit=10

Connect Claude, ChatGPT or Cursor in one step. The trial answers 25 calls a day without an account.

Questions

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

Germany, with €139.69 billion in 2021, according to Eurostat, European Commission.

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

Cyprus, with €255.85 million in 2021.

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