The forecast indicates a consistent increase in household expenditure on imputed rentals for housing in the UK from 2024 to 2028. In 2023, this expenditure stood at 247.21 billion pounds sterling. From 2024, this amount is expected to rise annually, reaching 277.29 billion by 2028. The year-on-year percentage increases suggest a steady growth pattern averaging at a compound annual growth rate (CAGR) of approximately 2.3% over the five years.
Key future trends to watch for include:
- Inflation and economic factors influencing housing costs.
- Shifts in housing policies and their impact on rental markets.
- Changes in demographic trends affecting demand for housing.
