The real estate industry is the sector that dominates Hamburg’s cityscape. Hamburg is one of Germany’s top real estate centres. The city benefits from its diversified industry structure, a flourishing population and economy, its favourable location and a good quality of life. All of these factors result in ever greater demand for residential and commercial real estate.
Hamburg’s real estate industry is also a driver of growth and a major employer in the city. In the narrow sense of the term, the real estate industry comprises estate agents, property management companies, and property lessors and sellers. Additionally, it includes project developers, building contractors and planning companies.
Economic data
Key figures of the real estate industry
Total
Number of companies
19.072
Real estate industry
10.883
Construction
6.982
Urbanism
1.194
Financing
13
Employees subject to social insurance contributions
51.694
Real estate industry
27.812
Construction
12.929
Urbanism
8.667
Financing
2286
Size range of the companies
1-3 employees
17.750
4-9 employees
893
10-49 employees
324
> 49 employees
105
Current climate of the real estate industry
The calculated business climate indicator for the Hamburg economy and the respective sectors results from the assessments of the current situation and future development. The resulting values are between 0 and 200 index points.
Committee for the urban and regional development
Chairperson Günter Elste
Supervisory Board
Hamburger Sparkasse AG
