Forecast: Turnover of Renting and Operating of Own or Leased Real Estate in the UK

In 2023, the turnover for renting and operating real estate in the UK was estimated to be slightly below 43.86 billion euros. The forecasted data from 2024 to 2028 shows a steady growth, with values increasing from 43.86 billion euros in 2024 to 45.13 billion euros in 2028. The year-on-year growth rates are relatively modest: around 0.75% annually. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates a yearly average increase of approximately 0.58%, reflecting a stable, albeit slow, market growth over this period.

Future trends to watch for:

• Potential impacts of changing interest rates on mortgage affordability and rental demand.
• Influences of government policies on the real estate market, particularly in terms of taxation and housing supply.
• Sustainability drives influencing property management and development trends.
• Shifts in consumer preferences, particularly in response to changes in work-from-home patterns and urbanization trends.