After a period of rapid increase, house price growth in the UK has moderated. In 2025, house prices are forecast to increase by ****percent. Between 2025 and 2029, the average house price growth is projected at *** percent. According to the source, home building is expected to increase slightly in this period, fueling home buying. On the other hand, higher borrowing costs despite recent easing of mortgage rates and affordability challenges may continue to suppress transaction activity. Historical house price growth in the UK House prices rose steadily between 2015 and 2020, despite minor fluctuations. In the following two years, prices soared, leading to the house price index jumping by about 20 percent. As the market stood in April 2025, the average price for a home stood at approximately ******* British pounds. Rents are expected to continue to grow According to another forecast, the prime residential market is also expected to see rental prices grow in the next five years. Growth is forecast to be stronger in 2025 and slow slightly until 2029. The rental market in London is expected to follow a similar trend, with Outer London slightly outperforming Central London.

According to the forecast, the North West and Yorkshire & the Humber are the UK regions expected to see the highest overall growth in house prices over the five-year period between 2025 and 2029. Just behind are the North East and West Midlands. In London, house prices are expected to rise by **** percent.

Housing Index in the United Kingdom increased to 517.10 points in October from 514.20 points in September of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

House Price Index YoY in the United Kingdom increased to 1.90 percent in October from 1.30 percent in September of 2025. This dataset includes a chart with historical data for the United Kingdom House Price Index YoY.

According to the forecast, house prices in London are expected to continue to increase until 2029. During the five-year period from 2025 to 2029, the house prices for mainstream properties are forecast to rise by **** percent. In 2023, the average house price in London ranged between ******* British pounds and *** million British pounds, depending on the borough. Barking and Dagenham, Bexley, Newham, and Croydon were some of the most affordable boroughs to buy a house.

RICS House Price Balance in the United Kingdom decreased to -19 percent in October from -17 percent in September of 2025. This dataset includes a chart with historical data for the United Kingdom RICS House Price Balance.

The number of housing transactions in the United Kingdom was forecast to increase between 2024 and 2029, according to a November 2024 forecast. In 2029, the number of transactions was expected to reach 1.4 million. House prices are expected to continue their year-on-year increase in this period.

Revenue is forecast to contract at a compound annual rate of 2% over the five years through 2025 to €44.7 billion. This is mostly the result of COVID-19 restrictions dampening downstream demand in 2020. While 2021 saw some recovery, poor economic conditions since 2022 have stifled any significant recovery, continuing to weigh on the industry’s revenue performance. In 2025, revenue is slated to dip by 1.1% owing to the cooling housing market, despite significant investment in civil engineering projects across Europe. Despite public funding and support for new residential properties, a weaker housing market has limited stone and aggregates demand from property developers. This is primarily the result of persistently high interest rates, inhibiting borrowing and investing. Another key factor is the decline in cement and concrete manufacturing (two key downstream markets) in Europe since 2021, according to CEMBUREAU, owing to construction companies moving towards lower embedded CO2 construction materials. Still, revenue has been propped up by growing demand from non-construction markets, like glass manufacturers, fertiliser manufacturers and other industrial and building-environment solutions applications (like sand and gravel being used to prevent coastline erosion) Over the five years through 2030, revenue is forecast to grow at a compound annual rate of 2.5%, to €50.7 billion. Economic conditions are likely to remain fairly weak in the short to medium term as inflation remains above the universal 2% target. The elevated rate of inflation will ensure central banks delay any reductions in the base rate, keeping the cost of borrowing high for would-be home buyers. Weaker demand for houses will contribute to weak price performance and disincentivise developers from increasing production, weighing on activity levels in the construction sector. However, pockets of opportunity will remain in alternative uses of stone, clay, gravel and sand.

Mortgage rates surged at an unprecedented pace in 2022, with the average 10-year fixed rate doubling between March and December of that year. In response to mounting inflation, the Bank of England implemented a series of rate hikes, pushing borrowing costs steadily higher. By October 2025, the average 10-year fixed mortgage rate stood at **** percent. As financing becomes more expensive, housing demand has cooled, weighing on market sentiment and slowing house price growth. How have the mortgage hikes affected the market? After surging in 2021, the number of residential properties sold fell significantly in 2023, dipping to just above *** million transactions. This contraction in activity also dampened mortgage lending. Between the first quarter of 2023 and the first quarter of 2024, the value of new mortgage loans declined year-on-year for five consecutive quarters. Even as rates eased modestly in 2024 and housing activity picked up slightly, volumes remained well below the highs recorded in 2021. How are higher mortgages impacting homebuyers? For homeowners, the impact is being felt most acutely as fixed-rate deals expire. Mortgage terms in the UK typically range from two to ten years, and many borrowers who locked in historically low rates are now facing significantly higher repayments when refinancing. By the end of 2026, an estimated five million homeowners will see their mortgage deals expire. Roughly two million of these loans are projected to experience a monthly payment increase of up to *** British pounds by 2026, putting additional pressure on household budgets and constraining affordability across the market.

According to Cognitive Market Research, The Global CCTV Camera Housing market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 8.20% from 2023 to 2030.

North America CCTV Camera Housing held the major market of more than 40% of the global revenue with a market size of USD XX million in 2023 & will grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030.
Europe CCTV Camera Housing accounted for a share of over 30% of the global market.
Asia Pacific CCTV Camera Housing held the market of more than 23% of the global revenue with a market size of USD XX million in 2023 & will grow at a compound annual growth rate (CAGR) of 10.2% from 2023 to 2030.
Latin America CCTV Camera Housing market of more than 5% of the global revenue with a market size of USD XX million in 2023 & will grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030.
Middle East & Africa CCTV Camera Housing held the major market of more than 2% of the global revenue with a market size of USD XX million in 2023 & will grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030.
The demand for CCTV camera housing is rising due to the numerous strategies adopted by key participants.
Demand for dome CCTV cameras remains higher in the CCTV camera housing market.
The metal category held the highest CCTV camera housing market revenue share in 2023.

Increasing Demand for Surveillance Systems and Rising Concerns over Safety and Security to Provide Viable Market Output

The need for enhanced security measures has led to a growing demand for surveillance systems across various sectors, including residential, commercial, and industrial. This increased demand directly translates into a higher demand for CCTV camera housings. In addition, with increasing instances of theft, vandalism, and security breaches, businesses and individuals are becoming more conscious about safety and security. This has led to an increased adoption of CCTV camera systems, subsequently driving the demand for camera housings.

For instance, in 2020, Motorola Solutions, a global leader in mission-critical communications and video surveillance solutions, acquired IndigoVision, a UK-based provider of end-to-end video security solutions. This acquisition expanded Motorola Solutions' video security portfolio, including camera housing options.

(Source: www.motorolasolutions.com/newsroom/press-releases/motorola-solutions-acquires-indigovision-uk-based-provider-end-to-end-video.html)

Growing Trend of Smart Cities and Expansion of Commercial and Industrial Sectors to Propel Market Growth

The concept of smart cities, where technology is integrated to improve the quality of life, has gained momentum. Smart city initiatives often include the deployment of surveillance systems, fueling the demand for CCTV camera housings. Moreover, the expansion of commercial and industrial sectors, such as retail, hospitality, manufacturing, and transportation, has created a greater need for surveillance systems. This expansion contributes to the growth of the CCTV camera housing market.

For instance, in 2021, Hanwha Techwin launched the new Wisenet P series AI cameras, featuring advanced video analytics and deep learning capabilities. These cameras are compatible with various camera housing options, allowing for flexible deployment in different environments.

(Source: hanwhavisionamerica.com/technologies/intelligent-video-audio-technologies/ai-technology/)

Market Restraints of the CCTV Camera Housing

High Installation and Maintenance Costs, Privacy Concerns, and Technological Obsolescence to Restrict Market Growth

High installation and maintenance costs associated with CCTV camera systems, including camera housings, can deter some businesses or individuals from investing in comprehensive surveillance systems, limiting the demand for camera housings. Privacy concerns and regulations surrounding the use of surveillance systems can also pose restraints. Stricter privacy regulations and concerns about surveillance may lead to limitations on the deployment of cameras, affecting the demand for camera housings. Additionally, the lack of standardization in specifications and compatibility with different camera models can create challenges for customers, potentially leading to confusion and compatibility issues. Limited awareness and knowled...

The European student accommodation market, valued at €26.21 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 5.80% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing student enrollment across major European nations fuels demand for diverse accommodation options. Secondly, a shift towards online platforms for finding and booking student housing simplifies the process and enhances transparency, contributing to market growth. The rising preference for modern, amenity-rich accommodation, like private student accommodation, is another significant driver. Furthermore, urbanization and limited affordable housing in city centers are pushing students towards seeking more diverse housing solutions outside traditional halls of residence, creating opportunities for both online and offline providers. Competition within the market is fierce, with established players like Amber Student and UniPlaces vying for market share alongside emerging companies. Market segmentation reveals a significant portion of the market is occupied by rented houses or rooms, followed by halls of residence and private student accommodation. Location preference shows a higher demand for city-center accommodation, although the periphery is seeing growth due to affordability and improved transportation links. Finally, the prevalence of both basic and total rent options indicates a varied consumer base with differing financial capacities. The market's growth is, however, subject to certain constraints. Fluctuations in student enrollment numbers due to economic downturns or policy changes could impact demand. Regulations concerning rental properties and landlord-tenant agreements can influence market dynamics. Competition from existing housing markets and affordability concerns for students remain significant factors influencing overall growth. The forecast period (2025-2033) anticipates a continued upward trend, driven by the aforementioned drivers, but careful consideration of these restraints is crucial for accurate market projection and informed investment decisions. The increasing penetration of online booking platforms presents a significant opportunity for market players to leverage technological advancements for enhanced user experience and improved efficiency. The United Kingdom, Germany, and France are expected to remain the largest markets within Europe, due to their large student populations and robust higher education systems. Recent developments include: October 2022: Unite Group leading developer of student accommodation, acquired 180 Stratford, a 178-unit purpose-to-build-to-rent property in Stratford, East London for GBP 71 Mn. This acquisition will enable the group to test its operational capability to extend its accommodation offer to young professionals In the Stratford market united group during October 2022 was operating 1,700 student beds with two student development in its pipeline., January 2022: Patrizia Se which is a leading partner for global real assets invested EUR 314 million in a student accommodation portfolio in Denmark. The acquisition was made from the pan-European private equity real estate investor Deutsche Finance International. The portfolio consists of purpose-built student accommodation (PBSA) assets in Copenhagen and Aarhus,. Notable trends are: Percentage of Young Adults in Education Affecting Europe Student Accommodation Market.

Revenue is projected to climb at a compound annual rate of 2% to £50.4 billion over the five years through 2025-26. Recent economic headwinds, including severe inflationary pressures and geopolitical tensions, have taken a hit on consumer spending and business activity, which has limited industry growth. However, the industry is countercyclical, meaning that demand for legal work in certain areas, including litigation and insolvency matters, grows in times of economic downturn. The largest firms have responded to the challenges posed by weaker business activity in the UK by expanding internationally, engaging in M&A initiatives and broadening their services to compete with accounting firms. The introduction of legislation allowing non-legal entities to own legal firms through alternative business structures has created significant price-driven competition. Pressure on fees has encouraged firms to enhance efficiency and cut costs. Law firms have increasingly invested in technology that reduces human error and speeds up routine work, increasing the time employees have to engage in more valuable activities. Soaring inflation, steep borrowing costs and geopolitical tensions eroded business confidence and restricted business spending, with M&A activity taking a hit in the two years through 2023-24. Residential property transactions also dropped amid squeezed consumer finances and high mortgage rates. However, resilient demand for legal services, including property law and corporate affairs, has supported revenue growth in the two years through 2025-26. Competitive pressures and the war for talent have weighed on profit. Amid growing costs, larger firms have hiked their fees to support revenue and profit. Over the five years through 2030-31, revenue is forecast to swell at a compound annual rate of 3.3% to £59.2 billion. A more positive economic climate will drive business activity, including deal-making and IPOs, hiking demand for corporate law. The housing market is also set to expand, fuelling property law demand, while more and more organisations will seek legal advice on sustainability matters. Consolidation activity will take place as firms seek to find avenues for growth, boosted by private equity funding. The pace of technological advancement will quicken, with more firms attempting to enhance the efficiency of their services using artificial intelligence, blockchain and smart contracts. This will help support profit growth, though the war for talent shows no sign of slowing down.

The industrial real estate sector and West End offices are forecasted to see the highest annualized rental growth in the UK between 2025 and 2029, followed by city offices. According to the forecast, industrial real estate and West End office space rents are expected to grow by *** percent per year in this period, while city office space rents are expected to increase by *** percent. When it comes to total commercial real estate returns in the UK, the industrial and shopping center sectors are forecast to outperform all other property types.

The European prefabricated buildings market is experiencing robust growth, projected to reach a market size of €57.87 million in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 5.41% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing urbanization and the need for rapid construction solutions are significantly boosting demand. Prefabrication offers faster construction times, reduced labor costs, and improved sustainability compared to traditional methods, making it an attractive option for both residential and commercial projects. Furthermore, government initiatives promoting sustainable construction practices and advancements in prefabrication technology, including modular designs and improved materials, are contributing to market growth. The residential segment currently dominates the market, driven by the rising need for affordable and efficient housing solutions. However, the commercial sector is also witnessing substantial growth, propelled by the increasing demand for office spaces and other commercial buildings. Key players such as Laing O'Rourke, Bouygues Construction, and Skanska AB are leveraging technological advancements and strategic partnerships to enhance their market positions. While the market presents significant opportunities, certain challenges exist. Fluctuations in raw material prices and potential supply chain disruptions pose risks. Moreover, regulatory hurdles and the need for widespread public acceptance of prefabricated buildings in some regions might impede faster market penetration. Nevertheless, ongoing innovations in design, materials, and construction techniques are expected to overcome these obstacles, leading to sustained market growth across major European countries like Germany, France, and Italy, supported by strong governmental support for sustainable construction and housing initiatives in these key markets. The “Other Applications” segment, encompassing various niche uses of prefabricated structures, is also expected to exhibit steady growth. Recent developments include: In January 2022, the University of Oxford appointed its long-standing partner, Laing O'Rourke to deliver the Stephen A. Schwarzman Centre for the Humanities. The award could signify one of the university's largest single-building projects and would see Laing O'Rourke deliver its 12th project for a client it has worked with for two decades. The new building is estimated to bring nine faculties, institutes, and seven libraries and collections into one home, with sustainable, flexible, accessible spaces for graduate postgrad and post-doc learning, research, and experimentation. Performance and public engagement spaces form a key element of the project, with a 500-seat concert hall designed with global-leading acoustic capability, a 250-seat theater, and a film screening area. It is estimated to form the centerpiece of the Radcliffe Observatory Quarter (ROQ) and is estimated to be surrounded by an inviting landscaped space, connecting the wider community throughout., In August 2021, Uliving, a brand of Linkcity UK (the property development subsidiary of Bouygues UK) specializing in student accommodation, won a 50-year concession contract to construct and provide facilities management services for a 1,262-bedroom project at the University of Essex in consortium with Equitix, its equity partner. The contract is worth GBP 168 million (EUR 194 million).. Notable trends are: Wooden Prefabricated Buildings Hold the Largest Share in the Sector.

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Structural Steel Market Size 2024-2028

The structural steel market size is forecast to increase by USD 30.56 billion at a CAGR of 4.9% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for housing and the construction of green buildings in various regions. Structural steel, as a sustainable and eco-friendly construction material, is gaining popularity in the development of LEED-certified buildings and high-rise structures. The market is driven by the rising production of steel in developing countries and the inorganic growth strategies adopted by key players. However, stringent regulations regarding the use of structural steel in construction projects pose a challenge to market growth. The trend toward green building construction and the increasing number of high-rise buildings are expected to fuel the demand for structural steel in the coming years. As a result, the market is anticipated to witness steady growth, providing opportunities for companies to expand their customer base and increase their market share. Key players in the market are focusing on strategic collaborations and product innovations to meet the evolving needs of their customers and stay competitive.

What will be the Size of the Market During the Forecast Period?

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The market is experiencing significant growth due to various factors, with a focus on energy conservation, waste reduction, and sustainable practices becoming increasingly prominent. These trends are driven by the need to minimize carbon emissions, reduce deforestation, and promote eco-friendly products in both residential and non-residential applications. In the residential sector, the demand for green building construction is on the rise. Structural steel's high strength-to-weight ratio makes it an ideal choice for constructing energy-efficient and eco-friendly houses. Additionally, the use of steel in modular construction reduces the amount of raw materials required and minimizes waste. Stainless steel, a type of structural steel, is gaining popularity due to its durability and recyclability. It is widely used in high-rise buildings and industrial applications, where strength and longevity are essential. The non-residential sector, particularly in the construction of LEED-certified buildings, is a significant consumer of structural steel. Eco-friendly steel, produced using computer-aided design (CAD), is becoming increasingly popular due to its reduced carbon footprint. This steel is manufactured using recycled raw materials, such as scrap metal, and produces fewer emissions during production compared to traditional steel.


Furthermore, the use of structural steel in green buildings not only helps in energy conservation but also contributes to improved housing conditions. Green buildings, which are designed to minimize the overall impact on the environment, are becoming a preferred choice for both residential and non-residential applications. The structural steel market is also witnessing a shift towards the use of lighter sectional steel, such as steel angles, in place of heavier alternatives. This trend is driven by the need to reduce the overall weight of structures, which in turn leads to lower transportation costs and reduced carbon emissions. In conclusion, the structural steel market is witnessing a significant shift towards eco-friendly and sustainable practices. The use of structural steel in energy-efficient and green buildings, along with the production of eco-friendly steel, is expected to drive the market's growth in the coming years. The demand for structural steel in both residential and non-residential applications, particularly in the industrial sector, is expected to remain strong due to its strength, durability, and recyclability

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Beams
  Angles
  Channels
  Round
  Others


End-user

  Non-residential
  Residential


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  North America

    US


  Middle East and Africa



  South America

    Brazil

By Product Insights

The beams segment is estimated to witness significant growth during the forecast period.

The market holds significance in the construction sector due to its superior strength-to-weight ratio, making it an ideal choice for various infrastructure projects. A notable development occurred in the new terminal, encompassing 1.0 million square feet, which is being constructed in two phases. The first phase, which involves the building of the arrivals and departures ha

In the five-year period between 2025 and 2029, the prime residential rent for existing properties in Greater London is expected to increase by 17.1 percent. The highest percentage change is expected to occur in 2025 and 2029, when rents are to rise by 3.5 percent. In the UK, rental growth has accelerated notably since 2021, with March 2024 experiencing a decade-high annual percentage growth. The trend reflects the complex interplay between housing affordability, mortgage rates, and supply of rental homes as the UK housing market navigates a period of transition.

Snapshot img

Flexible Office Market Size 2024-2028

The flexible office market size is forecast to increase by USD 28.32 billion at a CAGR of 9.2% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. One major factor is the increasing preference for remote and hybrid work arrangements, which has led to a higher demand for flexible office solutions. Additionally, there is a rising demand from tier two cities as businesses seek cost-effective alternatives to traditional office spaces. However, data security concerns continue to be a challenge for space providers offering co-working smart office spaces and private offices. Information technology plays a crucial role in addressing these concerns, with advanced data security systems and cloud-based solutions becoming increasingly important. Overall, the market is poised for continued expansion as it offers businesses flexibility, cost savings, and access to modern amenities.

What will be the Size of the Market During the Forecast Period?

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The market is undergoing a significant shift as businesses adapt to new work models. Flexible office solutions, including coworking spaces and shared workspaces, are gaining popularity among organizations of all sizes. The market is witnessing strong demand from large enterprises, SMEs, MSMEs, IT, telecom service, media and entertainment sectors, and other verticals. Flexible office coworking spaces, cater to various business needs, ranging from private offices and virtual offices to hotel-style coworking spaces. They provide an agile alternative to traditional office leases, enabling companies to scale their office requirements as needed. This trend is particularly relevant for industries such as IT, telecommunications, media and entertainment, and MSMEs, which often require flexible work arrangements.

Moreover, flex space offerings from space providers continue to evolve, integrating advanced digital solutions to enhance productivity and collaboration. These integrations include high-speed internet, cloud services, and video conferencing facilities. Moreover, flexible office solutions offer networking opportunities, fostering a vibrant business community within the space. Large enterprises are also embracing flexible office solutions to accommodate their hybrid work models. By leasing flexible office spaces, they can maintain a presence in key business locations while reducing their real estate footprint and overhead costs. The flexible office sector's growth is driven by various factors, including changing labor laws and the increasing preference for remote work.

In addition, as more businesses adopt remote work arrangements, the demand for flexible office solutions is expected to rise. In the US commercial real estate market, flexible office providers are expanding their office portfolios to cater to this growing demand. These providers offer a range of options, from coworking spaces for startups and SMEs to private offices for larger teams. The trend towards flexible office spaces is expected to continue, transforming the US office market and offering businesses a more agile and cost-effective alternative to traditional office leases.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Coworking spaces
  Served offices
  Virtual offices
  Hybrid spaces


End-user

  IT
  BFSI
  Retail and consumer
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  North America

    Canada
    US


  Middle East and Africa



  South America

By Type Insights

The coworking spaces segment is estimated to witness significant growth during the forecast period. The market has seen significant growth, with virtual offices and telecommunications playing a crucial role in enabling remote work. In the United States, the coworking spaces segment is leading the market, as businesses seek flexible and adaptable workspaces. According to recent reports, the demand for coworking spaces is increasing due to the shift towards hybrid work models post-pandemic. For instance, in India, over 2 million square feet of coworking spaces are set to be leased in Chennai and Hyderabad by 2024. One provider of coworking spaces, Incuspaze Solutions Pvt Ltd., has leased 1 million square feet of office space in the East Whitefield area of Bengaluru to cater to this growing demand.

In addition, media and Entertainment industries, as well as Small and Medium Enterprises (SMEs), are among the key consumers of flexible office solutions. These industries value the cost savings and flexibility offered by flexible office portfolios. As the trend towards flexib

The smart thermostat market is predicted to expand to USD 14.8 billion in 2025 and USD 30.2 billion by 2035 with a CAGR of 7.9% over the forecast period.

Metrics	Values
Industry Size (2025E)	USD 14.8 Billion
Industry Value (2035F)	USD 30.2 Billion
CAGR (2025 to 2035)	7.9%

Contracts and Deals Analysis

Company	Google Nest and XYZ Energy Solutions
Contract/Development Details	Google Nest partnered with XYZ Energy Solutions to supply products for a large-scale residential energy efficiency program, aiming to install 50,000 units over the next two years.
Date	March 2024
Contract Value (USD million)	Approximately USD 15 million
Estimated Renewal Period	2 years

Company	Ecobee and ABC Property Management
Contract/Development Details	Ecobee secured a contract with ABC Property Management to equip 10,000 apartment units with products, enhancing energy efficiency and tenant comfort across their properties.
Date	July 2024
Contract Value (USD million)	Approximately USD 3 million
Estimated Renewal Period	3 years

Company	Honeywell Home and DEF Commercial Real Estate
Contract/Development Details	Honeywell Home entered into an agreement with DEF Commercial Real Estate to install products in 500 office buildings, aiming to reduce energy consumption and operational costs.
Date	October 2024
Contract Value (USD million)	Approximately USD 10 million
Estimated Renewal Period	5 years

Country-Wise Analysis

Country/Region	CAGR (2025 to 2035)
USA	9.0%
UK	8.7%
European Union	8.8%
Japan	8.9%
South Korea	9.2%

Competitive Outlook

Company Name	Estimated Market Share (%)
Google Nest	20-25%
Ecobee	15-20%
Honeywell Home	12-17%
Emerson Electric	8-12%
Johnson Controls	5-9%
Other Companies (combined)	30-40%

The borough with the highest property prices in London, Kensington and Chelsea, had an average price for a flat exceeding *** million British pounds. London is the most populous metropolitan area in the UK, and living in it comes with a price tag. Unsurprisingly, the most expensive boroughs in terms of real estate prices are located in the heart of the metropolis: Kensington and Chelsea, the City of Westminster, and the City of London. In Kensington and Chelsea, home to several museums such as the Natural History Museum, the Victoria and Albert Museum, and the Science Museum, as well as galleries and theaters, the average price of apartments was over a million British pounds. How have residential property prices developed in recent years? The average house price in England have risen notably over the past decade, despite a slight decline in 2023. While London continues to be the hottest market in the UK, price growth in the capital has moderated. Conversely, prices in the more affordable cities, such as Belfast and Liverpool, have started to rise at a faster pace. Are residential property prices in London expected to grow in the future? Despite property prices declining in 2024, the market is forecast to continue to grow in the next five years, according to a October 2024 forecast. Some of the reasons for this are the robust demand for housing, the chronic shortage of residential properties, and the anticipated decline in mortgage interest rates.

Construction Orders in the United Kingdom increased 29.30 percent in September of 2025 over the same month in the previous year. This dataset provides - United Kingdom Construction Orders- actual values, historical data, forecast, chart, statistics, economic calendar and news.