Real Estate - Germany

  • Germany
  • In 2024, the projected value of the Real Estate market market in Germany is estimated to reach US$37.70tn.
  • The residential Real Estate market sector dominates the market, with a projected market volume of US$31.26tn in the same year.
  • Looking ahead, it is expected that the market will experience an annual growth rate (CAGR 2024-2028) of 3.55%, resulting in a market volume of US$43.35tn by 2028.
  • In comparison to other countries, China is expected to generate the highest value in the Real Estate market market, reaching US$135.70tn in 2024.
  • Germany's real estate market is experiencing a surge in demand for eco-friendly and sustainable properties.

Key regions: United States, China, Japan, Germany, United Kingdom

Region comparison

Analyst Opinion

The Real Estate market in Germany has been experiencing significant growth and development in recent years.

Customer preferences:
One of the key customer preferences in the German real estate market is the demand for high-quality and energy-efficient properties. German buyers are increasingly looking for properties that are environmentally friendly and have low energy consumption. This trend is driven by both environmental concerns and the desire to reduce energy costs in the long term. Additionally, there is a growing preference for properties with modern amenities and smart home technology, as well as properties located in urban areas with good infrastructure and access to amenities such as schools, shops, and public transportation.

Trends in the market:
One major trend in the German real estate market is the increasing demand for rental properties. This is driven by several factors, including a growing population, urbanization, and changing lifestyles. Many people, particularly young professionals and students, prefer to rent rather than buy property due to the flexibility it offers. As a result, there has been a significant increase in the number of rental properties being developed, especially in major cities such as Berlin, Munich, and Hamburg. Another trend is the rise of co-living and co-working spaces, which cater to the changing needs and preferences of the younger generation.

Local special circumstances:
Germany has a strong economy and stable political environment, which makes it an attractive destination for real estate investment. Additionally, the country has a well-developed legal framework and transparent property market, which provides investors with confidence and security. Furthermore, Germany has a high homeownership rate compared to other European countries, which is driven by favorable mortgage lending conditions and government incentives for first-time buyers. This creates a strong demand for both residential and commercial properties.

Underlying macroeconomic factors:
Several macroeconomic factors contribute to the growth and development of the real estate market in Germany. Firstly, low interest rates make borrowing more affordable and encourage investment in property. Secondly, strong economic growth and low unemployment rates increase disposable income and consumer confidence, leading to higher demand for real estate. Additionally, Germany's position as a leading European economy attracts foreign investors, who see the country as a safe haven for investment. Finally, the increasing population and urbanization in Germany create a need for more housing and commercial spaces, driving the development of the real estate market. Overall, the real estate market in Germany is experiencing growth and development due to customer preferences for high-quality and energy-efficient properties, increasing demand for rental properties, and favorable macroeconomic factors such as low interest rates and strong economic growth. The local special circumstances, including a stable political environment and transparent property market, further contribute to the attractiveness of the market for both domestic and foreign investors.


Data coverage:

Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.


  • Value
  • Value Split
  • Volume
  • Analyst Opinion
  • Transaction Value
  • Methodology
  • Key Market Indicators
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