Market Trends of Germany Real Estate Services Industry
This section covers the major market trends shaping the Germany Real Estate Services Market according to our research experts:
Increase in GVA (Gross Value Added) in Real Estate Activities
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.
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Increase in the Number of Proptech Startups
Germany 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.
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