EU countries by value added in real estate activities, 2024

Germany had the highest value added in real estate activities of 27 EU countries in 2024, at €85.8 billion. Cyprus had the lowest, at €226.65 million. The median was €3.82 billion and the figure for the European Union (27) was €301.19 billion. Source: Eurostat, European Commission.

Highest85,799.4Germany

Lowest226.7Cyprus

Median3,818.727 EU countries

European Union (27)301,188.9History

All EU countries, 2024

EUR million. Source: Eurostat, Structural business statistics, Real estate activities (NACE Rev. 2 section L), value added, EUR million (sbs_ovw_act). Retrieved 2026-10-12.

Full ranking

Rank	EU countries	2024 EUR million	Change on 2023
1	Germany	85,799.4	+17.3%
2	France	42,210.2	+7.9%
3	Italy	23,988.3	+7.1%
4	Spain	22,347.6	+6.8%
5	Sweden	21,959.4	+10.2%
6	Netherlands	18,981.6	+3.6%
7	Poland	13,267.1	+9.2%
8	Austria	11,640.3	+7.1%
9	Denmark	11,342.5	+52.7%
10	Belgium	10,726.2	+17.2%
11	Czechia	6,512	+7.8%
12	Portugal	4,920.1	+14.1%
13	Finland	4,583.3	+7.8%
14	Hungary	3,818.7	+9.8%
15	Romania	3,242.5	+10.6%
16	Ireland	2,749.9	+10.8%
17	Greece	2,163	+22.6%
18	Slovakia	2,018.8	+13.2%
19	Luxembourg	1,535	+10.6%
20	Lithuania	1,423.3	+12.8%
21	Bulgaria	1,336.9	+31.2%
22	Estonia	1,250	+10.7%
23	Latvia	1,111.5	-7.1%
24	Croatia	806.1	+10.6%
25	Malta	627.5	+5.5%
26	Slovenia	601.1	-8.1%
27	Cyprus	226.7	+8.4%

Other periods

About this ranking

Value added of enterprises in real estate activities (NACE Rev. 2 section L): income from operating activities after deducting purchases of goods and services, in millions of euros at current prices. Eurostat structural business statistics; at basic prices from 2021 and at factor cost for 2005 to 2020.

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), value added, 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), value added, EUR million (sbs_ovw_act) (EU countries by value added 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), value added, EUR million (sbs_ovw_act), EU countries by value added 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/value-added-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), value added, EUR million (sbs_ovw_act). EU countries by value added 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/value-added-real-estate/eu-countries.

Harvard

Eurostat, European Commission (2026) Structural business statistics, Real estate activities (NACE Rev. 2 section L), value added, EUR million (sbs_ovw_act), EU countries by value added 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/value-added-real-estate/eu-countries (Accessed: 12 October 2026).

BibTeX

@misc{eurostat_eu_countries_by_value_2024,
  author = {{Eurostat, European Commission}},
  title = {{Structural business statistics, Real estate activities (NACE Rev. 2 section L), value added, EUR million (sbs\_ovw\_act): EU countries by value added 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/value-added-real-estate/eu-countries. Publisher attribution: Eurostat. Structural business statistics, Real estate activities (NACE Rev. 2 section L), value added, 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), value added, EUR million (sbs_ovw_act): EU countries by value added 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/value-added-real-estate/eu-countries
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/value-added-real-estate/eu-countries.
N1  - Publisher attribution: Eurostat. Structural business statistics, Real estate activities (NACE Rev. 2 section L), value added, 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 value added in real estate activities?

Germany, with €85.8 billion in 2024, according to Eurostat, European Commission.

Which EU country has the lowest value added in real estate activities?

Cyprus, with €226.65 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), value added, EUR million (sbs_ovw_act). Retrieved 2026-10-12.