Germany Real Estate Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Key Highlights
In 2018, real estate activities accounted for 10.5% of the total German GVA (Gross Value added). Real estate activities were in the top 5 economic activities in Germany, in terms of output generated.
Gross Value Added: Real estate activities’ revenue was amounted to EUR 82.282 billion in September 2019. This records an increase from the previous years’ value of EUR 80.715 billion. Investments toward real estate have been increasing. Additionally, construction activities, like new buildings for residential and non-residential, have been steadily increasing month over month. As many factors are driving the real estate market, the real estate activities are expected to generate more revenue in the coming years.
Increase in the Number of Proptech StartupsGermany is one of the leading European countries in the Fintech market. Startups are often the driver of innovation, bringing new and disruptive products and services. As of September 2019, there were 202 property Fintech startups in Germany, targeted at the real estate market. PropTech includes solutions, such as online listing services, mobile apps, property management SaaS products, and crowdfunding platforms, among others. Many solutions utilize data analytics, in order to help users make intelligent decisions when it comes to buying, selling, leasing, or investing in real estate, simplifying property management, or marketing their products in the industry.
Competitive LandscapeThe report covers the major players operating in the German real estate services market. The market is fragmented. Some of the prominent companies present in the region include Instone Real Estate Group AG, Deutsche Wohnen SE, and Vonovia SE. The construction activity, low mortgage rates, and other factors drive the market, and the market is expected to grow during the forecast period.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook