In 2023, household expenditure on housing rentals in the UK stood at approximately 1.54 thousand euros per capita. Projections from 2024 to 2028 indicate a steady increase, with a forecasted rise from 1.57 to 1.67 thousand euros per capita. The year-on-year growth from 2024 to 2025 is anticipated at 1.91%, followed by 1.25% in subsequent years. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is estimated at 1.56%, reflecting moderate but consistent growth over this period.
Future trends to watch for include:
- The impact of economic policies on rental affordability.
- Shifts in demand due to demographic changes or migration patterns.
- The influence of inflation and interest rates on housing costs.
