Forecast: Turnover of Real Estate in the UK

The turnover of the real estate sector in the UK has experienced significant fluctuations over the past decade. Starting at 65.99 billion Euros in 2013, it increased to 78.46 billion Euros in 2023. Notable year-on-year variations include a robust 13.64% increase in 2015 and a steep decline of 17.17% in 2016. More recently, from 2022 to 2023, the sector saw a moderate growth of 1.63%. The compound annual growth rate (CAGR) over the last five years has been relatively modest at 1.37%.

Looking ahead, the turnover is forecasted to grow steadily, reaching 84.82 billion Euros by 2028. Future CAGR is projected at 1.29%, indicating a 6.6% total growth over this period. The expected consistent growth suggests stability in the sector, although the rate of increase is mild compared to earlier years.

Future trends to watch for include the impact of macroeconomic conditions, regulatory changes, and technological advancements in the real estate sector. The integration of sustainable practices and shifts in consumer preferences resulting from remote work trends may also influence market dynamics.