Data / Rankings / Value added in real estate activities / EU countries

EU countries by value added in real estate activities

Germany had the highest value added in real estate activities of 27 EU countries in 2021, at €86.91 billion. Cyprus had the lowest, at €157.87 million. The median was €2.9 billion and the figure for the European Union (27) was €266.37 billion. Source: Eurostat, European Commission.

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Highest86,912.2Germany
Lowest157.9Cyprus
Median2,903.927 EU countries
European Union (27)266,365.7History

Map of EU countries, 2021

Austria: 9,981.1 EUR millionBelgium: 8,429 EUR millionBulgaria: 729.9 EUR millionCyprus: 157.9 EUR millionCzechia: 4,700.4 EUR millionGermany: 86,912.2 EUR millionDenmark: 7,133.1 EUR millionEstonia: 1,059.1 EUR millionSpain: 15,824.7 EUR millionFinland: 4,133.6 EUR millionFrance: 41,298.7 EUR millionGreece: 1,310.3 EUR millionCroatia: 547.2 EUR millionHungary: 2,837.5 EUR millionIreland: 1,906.8 EUR millionItaly: 19,582.2 EUR millionLithuania: 1,003.8 EUR millionLuxembourg: 1,389.2 EUR millionLatvia: 905.2 EUR millionMalta: 409 EUR millionNetherlands: 18,920.5 EUR millionPoland: 9,652.4 EUR millionPortugal: 3,259 EUR millionRomania: 2,903.9 EUR millionSweden: 19,468.1 EUR millionSlovenia: 469.7 EUR millionSlovakia: 1,441.7 EUR million
  • Under 900
  • 900 to 1,600
  • 1,600 to 4,500
  • 4,500 to 15K
  • 15K and over
EUR million, 2021. Source: Eurostat, Structural business statistics, Real estate activities (NACE Rev. 2 section L), value added, EUR million (sbs_ovw_act). Boundaries: Natural Earth (public domain).

All EU countries, 2021

Germany: 86,912.2 EUR millionGermany86,912.2France: 41,298.7 EUR millionFrance41,298.7Italy: 19,582.2 EUR millionItaly19,582.2Sweden: 19,468.1 EUR millionSweden19,468.1Netherlands: 18,920.5 EUR millionNetherlands18,920.5Spain: 15,824.7 EUR millionSpain15,824.7Austria: 9,981.1 EUR millionAustria9,981.1Poland: 9,652.4 EUR millionPoland9,652.4Belgium: 8,429 EUR millionBelgium8,429Denmark: 7,133.1 EUR millionDenmark7,133.1Czechia: 4,700.4 EUR millionCzechia4,700.4Finland: 4,133.6 EUR millionFinland4,133.6Portugal: 3,259 EUR millionPortugal3,259Romania: 2,903.9 EUR millionRomania2,903.9Hungary: 2,837.5 EUR millionHungary2,837.5Ireland: 1,906.8 EUR millionIreland1,906.8Slovakia: 1,441.7 EUR millionSlovakia1,441.7Luxembourg: 1,389.2 EUR millionLuxembourg1,389.2Greece: 1,310.3 EUR millionGreece1,310.3Estonia: 1,059.1 EUR millionEstonia1,059.1Lithuania: 1,003.8 EUR millionLithuania1,003.8Latvia: 905.2 EUR millionLatvia905.2Bulgaria: 729.9 EUR millionBulgaria729.9Croatia: 547.2 EUR millionCroatia547.2Slovenia: 469.7 EUR millionSlovenia469.7Malta: 409 EUR millionMalta409Cyprus: 157.9 EUR millionCyprus157.9Germany: 86,912.2 EUR millionGermany86,912.2France: 41,298.7 EUR millionFrance41,298.7Italy: 19,582.2 EUR millionItaly19,582.2Sweden: 19,468.1 EUR millionSweden19,468.1Netherlands: 18,920.5 EUR millionNetherlands18,920.5Spain: 15,824.7 EUR millionSpain15,824.7Austria: 9,981.1 EUR millionAustria9,981.1Poland: 9,652.4 EUR millionPoland9,652.4Belgium: 8,429 EUR millionBelgium8,429Denmark: 7,133.1 EUR millionDenmark7,133.1Czechia: 4,700.4 EUR millionCzechia4,700.4Finland: 4,133.6 EUR millionFinland4,133.6Portugal: 3,259 EUR millionPortugal3,259Romania: 2,903.9 EUR millionRomania2,903.9Hungary: 2,837.5 EUR millionHungary2,837.5Ireland: 1,906.8 EUR millionIreland1,906.8Slovakia: 1,441.7 EUR millionSlovakia1,441.7Luxembourg: 1,389.2 EUR millionLuxembourg1,389.2Greece: 1,310.3 EUR millionGreece1,310.3Estonia: 1,059.1 EUR millionEstonia1,059.1Lithuania: 1,003.8 EUR millionLithuania1,003.8Latvia: 905.2 EUR millionLatvia905.2Bulgaria: 729.9 EUR millionBulgaria729.9Croatia: 547.2 EUR millionCroatia547.2Slovenia: 469.7 EUR millionSlovenia469.7Malta: 409 EUR millionMalta409Cyprus: 157.9 EUR millionCyprus157.9
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

RankEU countries2021
EUR million		Change on 2020
1Germany Series break86,912.2+31.8%
2France Series break41,298.7+13.5%
3Italy Series break19,582.2+13.6%
4Sweden Series break19,468.1+6.2%
5Netherlands Series break18,920.5+2.3%
6Spain Series break15,824.7+10.2%
7Austria Series break9,981.1+1.3%
8Poland Series break9,652.4-8.8%
9Belgium Series break8,429+21.2%
10Denmark Series break7,133.1-66.4%
11Czechia Series break4,700.4+9.4%
12Finland Series break4,133.6-24.5%
13Portugal Series break3,259+22.3%
14Romania Series break2,903.9+31%
15Hungary Series break2,837.5+14.7%
16Ireland Series break1,906.8+3%
17Slovakia Series break1,441.7+9%
18Luxembourg Series break1,389.2+2%
19Greece Series break1,310.3+81.5%
20Estonia Series break1,059.1+7.7%
21Lithuania Series break1,003.8+3.4%
22Latvia Series break905.2+12%
23Bulgaria Series break729.9-11.7%
24Croatia Series break547.2+3.1%
25Slovenia Series break469.7+20.8%
26Malta Series break409+7%
27Cyprus Series break157.9+25.4%

Other periods

About this ranking

Value added of enterprises in real estate activities (NACE Rev.

More on how it is measured
  • 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, 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), value added, EUR million (sbs_ovw_act), EU countries by value added 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/value-added-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), value added, EUR million (sbs_ovw_act). EU countries by value added 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/value-added-real-estate/eu-countries?period=2021.

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

BibTeX
@misc{eurostat_eu_countries_by_value_2021,
  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, 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/value-added-real-estate/eu-countries?period=2021. 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, 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/value-added-real-estate/eu-countries?period=2021
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/value-added-real-estate/eu-countries?period=2021.
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 €86.91 billion in 2021, according to Eurostat, European Commission.

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

Cyprus, with €157.87 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), value added, EUR million (sbs_ovw_act). Retrieved 2026-10-12.

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