This statistic displays the estimated average cost of houses across the component regions of England and the other countries of the United Kingdom (UK) for 2015 and 2020, in the main scenario. The source expects the cost of houses in the UK to continue to rise in the economic climate following the Brexit referendum. London is still expected to be the most expensive area in the UK by 2020, with the average price of a house expected to cost more than half a million pounds.

The UK office real estate market, valued at approximately £X million in 2025 (estimated based on provided CAGR and market size), is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 6% through 2033. Key drivers include a recovering economy, increasing demand from technology and financial sectors, and ongoing investment in infrastructure projects across major cities like London, Birmingham, and Manchester. The rise of flexible workspaces and a focus on sustainable building practices are significant trends shaping the market. However, challenges remain, such as Brexit's lingering effects on international investment and the potential for increased vacancy rates in certain submarkets due to shifting workplace strategies. The sector is highly competitive, with major players like JLL, Knight Frank, CBRE, and others vying for market share. London continues to dominate, but other major cities are witnessing increased activity, fueled by regional economic growth and government initiatives to decentralize business activity. The long-term outlook remains positive, with continued growth anticipated, although the pace might fluctuate depending on macroeconomic conditions and evolving tenant demands. This dynamic market is segmented geographically, with London, Birmingham, and Manchester representing significant hubs. The concentration of businesses in these cities, combined with their robust infrastructure and accessibility, contributes to their strong performance. While the "Other Cities" segment exhibits considerable growth potential, its overall contribution currently remains smaller than the major metropolitan areas. The competitive landscape is defined by large multinational firms and regional players who engage in both development and brokerage activities, reflecting the market’s complexities and opportunities. This competitive intensity drives innovation and necessitates continuous adaptation to shifts in demand and technology. The ongoing evolution of workspace design, encompassing sustainable practices and flexible arrangements, further shapes the market's trajectory. Recent developments include: April 2022: Taking the opportunity to rethink its workplace approach throughout the pandemic, Avison Young used its London Gresham Street office to create two pilot spaces-one transformed and one legacy floor that remained unaltered-to compare the effect of different layouts and amenities. While employees in Avison Young's London office were already working in an agile way before the disruption of COVID-19, the newly configured floor underwent a transformation to an activity-based model., January 2022: IWG, the world's leading provider of workspace, is introducing electric vehicle (EV) chargers across a number of its locations in the United Kingdom to help the nation's hybrid workforce operate more sustainably. IWG is installing EV charging points at a number of its office locations in the United Kingdom to support members' sustainable choices.. Notable trends are: Declining Vacancy Rates and Increasing Rents of Office Spaces in London.

This statistic presents the forecasted percentage change a no-deal Brexit would have on major economic indicators. In this scenario the United Kingdom's GDP is estimated to fall by eight percent, with house prices also predicted to decline by as much as 30 percent.

While a deal between Britain and the European Union was reached in November 2018, the deal must survive a parliamentary vote in order for it to be implemented. In the event that the vote doesn't go through parliament a no-deal Brexit would be the default scenario.

Consumers are driving steady increases in Heavyside DIY spend. The allure of innovative new products and an appreciation of the benefits of careful investment is helping the category to grow, in spite of an ongoing climate of weak confidence and general lack of appetite for major expenditure. Even with ongoing uncertainty over the housing market and ‘Brexit’, shoppers are able to find value in heavy DIY expenditure. Read More

The UK commercial real estate hospitality market, characterized by a robust presence of major players like Premier Inn, InterContinental Hotels Group, and Accor SA, exhibits significant growth potential. The market's Compound Annual Growth Rate (CAGR) exceeding 4.00% from 2019-2033 signals a consistently expanding sector. Drivers include increasing domestic and international tourism, a growing preference for experiential travel, and the rise of boutique hotels and specialized accommodations catering to niche markets. Furthermore, strategic investments in property renovations and the development of sustainable practices are shaping the market landscape. While Brexit initially posed challenges, the market has demonstrated resilience, fueled by a rebound in leisure travel and the increasing popularity of staycations. The segmentation by property type—hotels and accommodations, spas and resorts, and other property types—reveals diverse investment opportunities. The concentration of major players, particularly in urban centers, points to a competitive yet profitable market with opportunities for both established firms and emerging businesses. The regional distribution of the market across the UK reveals variations in growth rates based on tourism patterns and economic conditions in each region. London, for instance, is expected to continue driving a significant portion of the market due to its high concentration of business and leisure travelers. However, regional growth in cities and smaller towns indicates a broader distribution of market opportunities. The forecast period (2025-2033) anticipates continued expansion, driven by ongoing investments in hospitality infrastructure, evolving consumer preferences, and technological advancements within the sector. Potential restraints include economic fluctuations, global events impacting tourism, and competition within the market. Nevertheless, the overall outlook remains positive, indicating strong potential for long-term growth and profitability in the UK commercial real estate hospitality sector. Recent developments include: November 2022: InterContinental Hotels & Resorts announces the launch of 10 exclusive non-fungible tokens (NFTs) in collaboration with British contemporary artist Claire Luxton. A joint first for both, each NFT is inspired by the beauty of global travel using the natural flora and fauna signature of the artist's work to illustrate the brand's storied heritage and far-flung destinations., August 2022: Travelodge opens its first budget luxe hotel in Hexham and announces its North East hotel expansion program. Hexham Travelodge is the second hotel the group has opened in the North East region within the last seven months. In December 2021, the hotel chain opened the first budget hotel at Europe's biggest business park, Newcastle Cobalt Business Park.. Notable trends are: The Budget Friendly Hotel is Making a Way for Branded, Independent Midscale, and Upscale Hotels.

The housing costs inflation rate for low-income households in the United Kingdom was noticeably higher than that of high-income ones between April 2022 and April 2023, during a serious cost of living crisis in the UK. As of June 2024, however, the inflation rate for high-income households was higher than that of middle or low incomes ones.

The increasing uptake of online retailing has supported the online hardware and tool retailers industry, giving online retailers an edge over traditional bricks-and-mortar establishments. Over the five years through 2024-25, revenue is slated to swell at a compound annual rate of 4.7% to £3.9 billion. The COVID-19 pandemic drove a sharp uptick in online retailing – online stores were the only way people could get hold of non-essential items at the peak of the pandemic. At the same time, the combination of more time spent at home and a lack of places to spend money caused household spending on home maintenance and repair to rise, driving a significant hike in industry demand over 2020-21 and 2021-22. However, the cost-of-living crisis has hampered the market and squeezed household spending on home improvements in the years since – that's why revenue dropped in 2022-23. Subdued investment in construction, infrastructure and housing has led to a stagnation of revenue in 2023-24 and 2024-25, with construction firms cutting spending on new tools as a result. Over the five years through 2029-30, industry revenue is expected to increase at a compound annual rate of 4.6% to reach £4.8 billion. Disposable incomes are anticipated to grow over the next five years, starting on the road to recovery from their steep decline during the cost-of-living crisis. Consumer confidence is also expected to rise as Brexit uncertainties fall away and the cost-of-living eases. For similar reasons, UK construction activity is projected to grow and more people will take up household renovation projects. Online retailers are expected to work harder to steal lucrative professional clients and large contracts away from wholesalers and bricks-and-mortar stores.

The office real estate investment market experienced the weakest year on record in 2023. The value of capital allocated to office real estate in that year stood below five billion British pounds - about three billion British pounds below the 2020 figure. In 2013, which was the strongest year on record, the market saw over 18.5 billion British pounds in investment. Brexit, hybrid work, and the unfavorable economic climate are some of the major challenges which contributed to the decline in investment sentiment in the past five years. Vacancy rates stood above 10 percent in many London districts in 2023, showing a decline in occupier demand.

According to the forecast, the logistic real estate sector in the United Kingdom (UK) will see continue increasing until 2025. In 2022 and 2023, rental growth is expected to accelerate, reaching an increase of between *** and *** percent in 2023. Over the five-year period, London is forecasted to measure annualized rental growth of *** percent. In recent years, the logistics real estate market has been growing in terms of both investment and take up. 2019 and 2020 were marked by the coronavirus (COVID-19) crisis and finalizing Brexit negotiations but they also accelerated some trends in the market. With the growth of e-commerce and the online grocery market, there will be increasing demand for near-urban warehousing.