From 2013 to 2023, the production value of real estate agencies in the UK showed noticeable fluctuations. The value increased substantially between 2013 and 2015, with year-on-year growth rates peaking at 20.68%. However, from 2016 to 2017, the market saw a decline, only to bounce back strongly in 2018 with a 28.22% increase. Despite a dip during 2019 and 2020, the value rebounded to reach 21.01 billion Euros in 2023. This resulted in a 2.84% year-on-year increase for 2023 and a CAGR of 1.99% over the past five years.
Looking ahead, the forecasted data from 2024 to 2028 indicates a steady upward trend, with a projected CAGR of 2.14% and an overall growth rate of 11.15%. Future trends to watch for include the impact of digital transformation on real estate services, shifts in housing demand patterns, and potential regulatory changes influencing the market.
