Europe Luxury Residential Real Estate Market- Growth, Trends, COVID-19 Impact, and Forcasts (2022-2027)

Europe Luxury Residential Real Estate Market is segmented by Type (Apartments and Condominiums, Villas and Landed Houses), and by Country ( Germany, United Kingdom,France, Italy, Russia and Rest of Europe). The report offers market size and forecasts for the France Luxury Residential Real Estate Market in value (USD Billion) for all above segments.

Market Snapshot

Europe Luxury Residential Real Estate Market Report
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Europe
Largest Market: Europe
CAGR: >4 %
Europe Luxury Residential Real Estate Market Companies

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Market Overview

Europe Luxury Residential Real Estate Market is expected to register a CAGR of more than 4 % during the forecast period (2022-2027).

The COVID-19 epidemic significantly impacted the luxury housing market, which saw a drop in sales transactions. Due to pandemic restrictions and lockdown measures, sales in Europe were hampered. During the crisis, the construction of new housing units was also hampered. Now the sector is in the recovery phase. In a few European countries, like France, the market was resilient during the COVID-19 pandemic. The market in the French Riviera remained resilient even during the pandemic crisis, with high demand and stable price development in the luxury market. Despite the general uncertainty surrounding the economy, European residential markets, in most cases, showed at least minor growth in pricing. Two asset sectors stand out: real estate, particularly in France and Germany, and logistics, which has seen tremendous growth in investment volumes.

In 2021, the European real estate market made a robust comeback, with year-end figures approaching pre-crisis levels. European commercial real estate investment increased by 19 percent in 2021, reaching €256 billion. It's important to note that real estate investment volumes vary significantly across European countries. It isn't an exaggeration to state that a few European countries dominate the international luxury residential market. France, Italy, Spain, and Portugal are at the top of the list, with Germany, the United Kingdom, Andorra, Greece, Cyprus, and smaller Eastern European markets like the Czech Republic, Croatia, and Montenegro following closely after. People's growing preference for luxury amenities and wealthy buyers looking for safe real estate investments are driving demand for luxury residences.

Scope of the Report

Luxury residential real estate refers to properties specifically designed for human habitation and offers a charming, resort-style lifestyle with high-end facilities.

Europe Luxury Residential Real Estate Market is segmented by Type (Apartments and Condominiums, Villas and Landed Houses) and Country ( Germany, United Kingdom, France, Italy, Russia, and the Rest of Europe).

The report offers market size and forecasts for the Europe Luxury Residential Real Estate Market in value (USD Billion) for all the above segments. The report also covers the impact of COVID-19 on the market.

By Type
Villas/Landed Houses
Condominiums/Apartments
By Country
Germany
United Kingdom
France
Italy
Russia
Rest of Europe

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Key Market Trends

Largest real estate companies in Europe

Only three European real estate companies were recognized as the top three in market value in April 2021. Segro placed first when these real estate companies were compared by market value as of April 2021, despite having the smallest asset value. Segro, a real estate company based in the United Kingdom, was valued at approximately 16.23 billion U.S. dollars. In the UK, France, Czech Republic, Poland, Italy, Netherlands, Belgium, Spain, and Germany, Segro company owns commercial and industrial properties. L E Lundbergfoeretagen AB of Sweden and Covivio of France were ranked second and third, respectively, with 14.47 and 8.63 billion U.S. dollars. Paris was the most expensive European city to rent an Apartment. In total assets, Covivio ranked first among European real estate businesses in 2020. The European real estate market is a heavily contested investment opportunity with high-demand areas and prospects for significant investment returns. The desire for highly compensated employees to live centrally in favored areas and the scarcity of available space, high land, and construction expenses contribute to the continued demand for European residential real estate.

Europe Luxury Residential Real Estate Market Trends

Average cost of an apartment in Europe by city

Despite the pandemic problem, the European market has made great progress. Three factors drive the luxury real estate market in Europe. People are upgrading their existing residences, a new interest in second homes is currently driving the luxury residential market in the country, and a change of lifestyle, as some people are settling in the outskirts of the city and enjoying a better quality of life by utilizing modern technologies. With average values of nearly 15,430 euros per square meter, London, England's capital, was the most expensive European city to buy an apartment. This was over ten times the average price per square meter of an apartment in Riga, Latvia's capital city. The need for high-paid professionals to be located in prime locations, with a scarcity of available space, expensive land, and construction costs, all contribute to rising rental prices.

Europe Luxury Residential Real Estate Market Forecast

Competitive Landscape

Europe's luxury residential real estate market is fragmented and highly competitive. Europe's luxury residential real estate market is competitive with the presence of local and international players. Competition and pricing have increased strongly, and new investors and developers have entered the market. Moreover, both the demand and supply of real estate are increasing.

Some of the top players in this market are Mansion Global, Proprietes Le Figaro, Sotheby's International Realty Affiliates LLC, John Taylor, Luxury places SA, Haussmann Real Estate, Rodgaard Ejendomme, Juvel Ejendomme, Barnes International Realty, Belles Demeures, etc.,

Recent Development

March 2022: Rumah Klasik, an architecture and contractor consultant, based in East Jakarta, has officially announced the expansion of its services outside Java. Rumah Klasik focuses on building European-style classic and luxury houses.

March 2022: AMBR Construction (construction company) completed its premium housing project, Ambrosia Luxury Homes, in Sector 1 Noida Extension, Greater Noida. The project offers 2, 3 BHK Apartments from 1050 sqft to 2150 sqft in Noida Extension. The project hosts many luxurious amenities: Sewage Treatment Plant, Street Lighting, Storm Water Drains, Landscape Garden and Tree Planting, Rain Water Harvesting, etc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Oppurtunities

    3. 4.3 Value Chain/Supply Chain Analysis

    4. 4.4 Industry Attractiveness-Porter's Five Forces Analysis

    5. 4.5 Government Initatives and Regulatory Aspects

    6. 4.6 Impact of COVID - 19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Villas/Landed Houses

      2. 5.1.2 Condominiums/Apartments

    2. 5.2 By Country

      1. 5.2.1 Germany

      2. 5.2.2 United Kingdom

      3. 5.2.3 France

      4. 5.2.4 Italy

      5. 5.2.5 Russia

      6. 5.2.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration

    2. 6.2 Company Profiles

      1. 6.2.1 Mansion Global

      2. 6.2.2 Proprietes Le Figaro

      3. 6.2.3 Sotheby's International Realty Affiliates LLC

      4. 6.2.4 John Taylor

      5. 6.2.5 Luxury places SA

      6. 6.2.6 Haussmann Real Estate

      7. 6.2.7 Rodgaard Ejendomme

      8. 6.2.8 Juvel Ejendomme

      9. 6.2.9 Barnes International Realty

      10. 6.2.10 BellesDemeures*

    3. *List Not Exhaustive
  7. 7. FUTURE OF THE MARKET

  8. 8. APPENDIX

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Frequently Asked Questions

The Europe Luxury Residential Real Estate Market market is studied from 2018 - 2027.

The Europe Luxury Residential Real Estate Market is growing at a CAGR of >4% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2021.

Mansion Global , Proprietes Le Figaro , Sotheby's International Realty Affiliates LLC , John Taylor , Luxury places SA are the major companies operating in Europe Luxury Residential Real Estate Market.

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