Market Size of Germany Real Estate Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 31.41 Billion |
| Market Size (2029) | USD 37.02 Billion |
| CAGR (2024 - 2029) | 3.34 % |
| Market Concentration | Low |
Major Players/germany-real-estate-services-market--growth,-trends,-and-forecast-(2020---2025)_Picture2.webp "Germany Real Estate Services Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
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Germany Real Estate Services Market Analysis
The Germany Real Estate Services Market size is estimated at USD 31.41 billion in 2024, and is expected to reach USD 37.02 billion by 2029, growing at a CAGR of 3.34% during the forecast period (2024-2029).
- Businesses providing residential property services benefit from price increase and new construction and 26% more people working in intermediation, sales, and management (2014-2017). There is an increase in the turnover of real estate agencies, after the introduction of the “orderer principle” for rented dwellings by the Federal Government of the country. Residential property agencies increased their turnover from EUR 6.73 billion to EUR 8.49 billion (2017). Real estate agencies are benefiting from the rising prices of dwellings and houses.
- The facility management market was valued at USD 71.9 billion in 2018. Additionally, the real estate industry’s revenue stood at EUR 158.4 billion in 2019, an increase of 1.2% compared to the previous year. In 2018, real estate activities’ revenue was valued at EUR 156.4 billion, rental and leasing activities’ revenue was valued at EUR 46.9 billion, and residential care activities’ revenue was valued at EUR 16.4 billion.
- In 2018, real estate investments from all Germany’s 16 federal states were amounted to EUR 269 billion from almost 990,000 transactions. In 2018, German construction companies invested EUR 4.7 billion on tangible fixed assets, which was a significant increase of 17.4% compared to the previous year.
Germany Real Estate Services Industry Segmentation
This report aims to provide a detailed analysis of the German real estate services market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into various product and application types. Additionally, it analyzes the key players and the competitive landscape in the German real estate services market.
| By Property Type | |
| Residential | |
| Commercial | |
| Other Property Types |
| By Services | |
| Property Management | |
| Valuation Services | |
| Other Services |
Germany Real Estate Services Market Size Summary
The Germany Real Estate Services Market is poised for steady growth over the forecast period, driven by various factors including rising property prices and increased construction activities. The market is characterized by a diverse range of services, including residential property management, facility management, and real estate investment activities. The introduction of regulatory changes, such as the "orderer principle" for rented dwellings, has positively impacted the turnover of real estate agencies, highlighting the dynamic nature of the market. The sector's contribution to the German economy is significant, with real estate activities ranking among the top economic sectors in terms of output. The market's expansion is further supported by the proliferation of Fintech startups and PropTech solutions, which are revolutionizing property management and investment processes through innovative technologies and data analytics.
The competitive landscape of the German real estate services market is fragmented, with key players such as Instone Real Estate Group AG, Deutsche Wohnen SE, and Vonovia SE leading the charge. These companies, along with others, are capitalizing on favorable market conditions, including low mortgage rates and robust construction activities, to enhance their market positions. The market's growth trajectory is expected to continue, fueled by ongoing investments in real estate and the increasing demand for both residential and non-residential properties. As the market evolves, it remains a critical component of Germany's economic framework, contributing significantly to the country's Gross Value Added and offering lucrative opportunities for stakeholders across the industry.
Germany Real Estate Services Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Property Type
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2.1.1 Residential
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2.1.2 Commercial
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2.1.3 Other Property Types
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2.2 By Services
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2.2.1 Property Management
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2.2.2 Valuation Services
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2.2.3 Other Services
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Germany Real Estate Services Market Size FAQs
How big is the Germany Real Estate Services Market?
The Germany Real Estate Services Market size is expected to reach USD 31.41 billion in 2024 and grow at a CAGR of 3.34% to reach USD 37.02 billion by 2029.
What is the current Germany Real Estate Services Market size?
In 2024, the Germany Real Estate Services Market size is expected to reach USD 31.41 billion.
