Real estate markets are of high overall economic importance. Around 20 percent of overall value added can be traced to real estate activities. The major part of private wealth is held in real estate. In spite of this, the economic relevance of real estate markets tends to be underestimated, which is reflected also in the political discussion. The project “Real Estate Markets in a General Economic Perspective” intends to give a comprehensive picture of the overall importance of real estate markets. Besides the quantitative description of real estate markets, the impact of real estate for other industries and sectors of the economy will be analysed as well.