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.

Dataset Description:

This dataset has been meticulously pre-processed from the official UK government’s Price Paid Data, available for research purposes. The original dataset contains millions of rows spanning from 1995 to 2024, which posed significant challenges for machine learning operations due to its large size. For this project, we focused on house price predictions and filtered the data to only include transactions from 2015 to 2024. The final dataset contains 90,000 randomly sampled records, which should be ideal for training machine learning models efficiently. The goal of this dataset is to provide a well-structured, pre-processed dataset for students, researchers, and developers interested in creating house price prediction models using UK data. There are limited UK house price datasets available on Kaggle, so this contribution aims to fill that gap, offering a reliable dataset for dissertations, academic projects, or research purposes. This dataset is tailored for use in supervised learning models and has been cleaned, ensuring the removal of missing values and encoding of categorical variables. We hope this serves as a valuable resource for anyone studying house price prediction or real estate trends in the UK. In the future, I plan to provide an even larger dataset for more detailed and comprehensive predictions.

Features:

Feature Name - Description - Price - Sale price of the property (target variable). - Date - Date of the property transaction. Converted to datetime format for easier handling. - Postcode - Postcode of the property, offering location-based information. - property_type - Type of property (Detached, Semi-detached, Terraced, Flat, etc.). - new_build - Indicator whether the property was newly built at the time of sale (Yes or No). - freehold - Indicator whether the property was sold as freehold or leasehold (Freehold, Leasehold). - Street - Street name of the property location. - Locality - Locality of the property. - Town - Town or city where the property is located. - District - Administrative district of the property. - County - County where the property is located.

File Information:

The dataset is saved as a CSV file with 90,000 records, each representing a property transaction in the UK from 2015 to 2024. Feel free to explore this dataset and use it for any academic, research, or machine learning projects related to housing price predictions!

This dataset contains the ratio of lower quartile/median house price to lower quartile/median earnings in England This dataset uses the median/lower quartile house price data sourced from ONS House Price Statistics for Small Areas (HPSSA) statistical release for years 2013-2015 and house price data sourced directly from Land Registry prior to 2013. This leads to slight differences in the distribution of affordability ratios before and after 2013 which should be noted if the dataset is used as a time series. It is planned to update the ratios with the HPSSA dataset for all years in the future. The house price data is then compared to the median/lower quartile income data of full time workers from the Annual Survey of Hours and Earnings (ASHE) produced by the ONS. This data was derived from Table 576 and 577, available for download as an Excel spreadsheet from the Live tables page (https://www.gov.uk/government/statistical-data-sets/live-tables-on-housing-market-and-house-prices). More details about the data sources are also available in the link provided.

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.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is valued to increase USD 485.2 billion, at a CAGR of 4.5% from 2024 to 2029. Growing residential sector globally will drive the residential real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 55% growth during the forecast period.
By Mode Of Booking - Sales segment was valued at USD 926.50 billion in 2023
By Type - Apartments and condominiums segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.01 billion
Market Future Opportunities: USD 485.20 billion
CAGR : 4.5%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and ever-evolving sector that continues to shape the global economy. With increasing marketing initiatives and the growing residential sector globally, the market presents significant opportunities for growth. However, regulatory uncertainty looms large, posing challenges for stakeholders. According to recent reports, technology adoption in residential real estate has surged, with virtual tours and digital listings becoming increasingly popular. In fact, over 40% of homebuyers in the US prefer virtual property viewings. Core technologies such as artificial intelligence and blockchain are revolutionizing the industry, offering enhanced customer experiences and streamlined processes.
Despite these advancements, regulatory compliance remains a major concern, with varying regulations across regions adding complexity to market operations. The market is a complex and intriguing space, with ongoing activities and evolving patterns shaping its future trajectory.

What will be the Size of the Residential Real Estate Market during the forecast period?

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How is the Residential Real Estate Market Segmented and what are the key trends of market segmentation?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

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

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The Sales segment was valued at USD 926.50 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 55% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia Pacific (APAC) region holds a significant share and is projected to lead the global market growth. Factors fueling this expansion include the region's rapid urbanization and increasing consumer spending power. Notably, residential and commercial projects in countries like India and China are experiencing robust development. The residential real estate sector in China plays a pivotal role in the economy and serves as a major growth driver for the market.

With these trends continuing, the APAC the market is poised for continued expansion during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

In the Residential Real Estate Market, understanding the impact property tax rates home values and effect interest rates mortgage affordability is essential for buyers and investors. Key factors affecting home price appreciation and factors influencing housing affordability shape market trends, while the importance property due diligence process and requirements environmental site assessment ensure informed decisions. Investors benefit from methods calculating rental property roi, process home equity loan application, and benefits real estate portfolio diversification. Tools like property management software efficiency and techniques effective property marketing help tackle challenges managing rental properties. Additionally, strategies successf

The UK residential real estate market, valued at £360.27 million in 2025, is projected to experience robust growth, driven by several key factors. A consistently strong CAGR of 5.75% indicates a healthy and expanding market over the forecast period (2025-2033). This growth is fueled by increasing urbanization, a growing population, and a persistent demand for housing, particularly in major cities like London. Furthermore, government initiatives aimed at boosting homeownership and infrastructure development contribute positively to market expansion. The market is segmented by property type, with apartments and condominiums, and landed houses and villas representing significant segments. Key players such as Bellway PLC, Barratt Developments PLC, and Berkeley Group dominate the market, while a competitive landscape also includes numerous smaller developers and housing associations. While rising interest rates and construction costs present challenges, the overall outlook remains positive due to the enduring demand and limited housing supply, particularly in desirable areas. However, several factors could influence the market's trajectory. Fluctuations in the national economy, changes in government regulations concerning mortgages and property taxation, and global economic uncertainty could impact buyer confidence and investment. Regional variations also exist, with market dynamics differing across England, Scotland, Wales, and Northern Ireland. Understanding these regional nuances is crucial for targeted investment strategies. The market's resilience will depend on the ability of developers to adapt to changing market conditions and meet evolving consumer preferences for sustainable and energy-efficient housing. The continuous evolution of consumer preferences towards specific types of housing and location preferences will further shape the market's future growth. Recent developments include: May 2023: A UAE-based investment manager, Rasmala Investment Bank, has launched a USD 2bn ( €1.8bn) UK multifamily strategy for a five-year period to build a USD 2bn portfolio of UK residential properties. The strategy is focused on the UK market for multifamily properties through a Shariah-compliant investment vehicle, initially targeting the serviced apartment (SAP) and BTR (build-to-rent) subsectors within and around London. Seeded by Rasmala Group, the strategy is backed by an active investment pipeline for the next 12 – 18 months., November 2022: ValuStrat, a Middle East consulting company, increased its foothold in the UK by acquiring an interest in Capital Value Surveyors, a real estate advisory services company with offices in London. The UK continues to be one of the most established real estate markets worldwide and attracts foreign investors regularly. They are excited to expand their presence there to better serve all of their clients, both in the UK and the Middle East.. Key drivers for this market are: Demand for New Dwellings Units, Government Initiatives are driving the market. Potential restraints include: Demand for New Dwellings Units, Government Initiatives are driving the market. Notable trends are: Increasing in the United Kingdom House Prices.

Through reading this publication you will: • gain an understanding of how house prices are set in economics terms, how they are measured, and why the cost of housing matters for London’s economy and its residents • see whether incomes and earnings in London have kept pace with the costs of home ownership in London, and see how affordability may be affected by future changes in interest rates • find out about the drivers of demand for residential property in London, and how the supply of homes has responded to changing conditions

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.

The UK residential rental market is poised for significant growth, with forecasts indicating a cumulative increase of nearly **** percent by 2029. This surge is expected to be front-loaded, with a robust *****percent rise anticipated in 2025. Rental growth has accelerated notably since 2021, with August 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.

Discover the latest trends in the booming €1.95 trillion European residential real estate market. Explore growth forecasts (CAGR 4.5%), key drivers, regional breakdowns (UK, Germany, France), leading companies, and market challenges until 2033. Recent developments include: November 2023: DoorFeed, a Proptech company, raised EUR 12 million (USD 13.24 million) in seed funding, led by Motive Ventures and Stride and supported by renowned investors, including Seedcamp. Founded by veteran proptech entrepreneur and ex-Uber employee James Kirimi, DoorFeed aims to be the first choice for institutional investors seeking to invest in residential real estate. The company is looking to expand its footprint across Europe, with a focus on Spain, Germany, and the United Kingdom., October 2023: H.I.G, a global alternative investment firm with over USD 59 billion in assets under management, invested in the real estate development company, The Grounds Real Estate Development AG (“the Transaction”), which is listed on the alternative stock exchange. The proceeds of the transaction are expected to be utilized to fund the capital expenditures of the current projects of The Grounds. The Grounds, based in Berlin, specializes in the acquisition and development of German residential properties located in large metropolitan areas. In the transaction, the major shareholders of The Grounds, which currently hold 73% of the company’s shares, have agreed to grant H. I.G. the right to share in future rights issues.. Key drivers for this market are: Increasing Developments in the Residential Segment, Investments in the Senior Living Units. Potential restraints include: Limited Availability of Land Hindering the Market. Notable trends are: Student Housing to Gain Traction.

Context

Demand for houses has exploded in the UK in the last two years due to the pandemic. As a result, it feels like it is becoming more difficult for young people to afford to buy a house in the near future. I wanted to collect data to see if this sentiment is backed up by numbers.

Content

In this folder you will find the average house price in the UK between between 1975 and 2020, the median wage in the UK between 1999 and 2020. Both of these metrics have been adjusted by inflation up to 2020.

This folder also contains a table containing data on the wage gap in 2021, in the UK and by age group.

Sources

Statista: https://www.statista.com/statistics/802183/annual-pay-employees-in-the-uk/ and https://www.statista.com/statistics/1002964/average-full-time-annual-earnings-in-the-uk/.

allAgents: https://www.allagents.co.uk/house-prices-adjusted/.

Bank of England: https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator.

Discover the booming European residential real estate market! This in-depth analysis reveals a €1.95 trillion market projected for 4.50% CAGR growth (2025-2033), driven by urbanization, rising incomes, and government initiatives. Explore market trends, key players (Elm Group, Places for People, etc.), and regional insights (UK, Germany, France). Recent developments include: November 2023: DoorFeed, a Proptech company, raised EUR 12 million (USD 13.24 million) in seed funding, led by Motive Ventures and Stride and supported by renowned investors, including Seedcamp. Founded by veteran proptech entrepreneur and ex-Uber employee James Kirimi, DoorFeed aims to be the first choice for institutional investors seeking to invest in residential real estate. The company is looking to expand its footprint across Europe, with a focus on Spain, Germany, and the United Kingdom., October 2023: H.I.G, a global alternative investment firm with over USD 59 billion in assets under management, invested in the real estate development company, The Grounds Real Estate Development AG (“the Transaction”), which is listed on the alternative stock exchange. The proceeds of the transaction are expected to be utilized to fund the capital expenditures of the current projects of The Grounds. The Grounds, based in Berlin, specializes in the acquisition and development of German residential properties located in large metropolitan areas. In the transaction, the major shareholders of The Grounds, which currently hold 73% of the company’s shares, have agreed to grant H. I.G. the right to share in future rights issues.. Key drivers for this market are: Increasing Developments in the Residential Segment, Investments in the Senior Living Units. Potential restraints include: Increasing Developments in the Residential Segment, Investments in the Senior Living Units. Notable trends are: Student Housing to Gain Traction.

Private companies were responsible for most of the new homes built in the United Kingdom (UK), amounting to ******* units in 2024. Housing completions in the UK decreased for three years in a row between 2007 and 2010. This was followed by several years of fluctuation and a gradual increase from 2013 to 2019. The number of homes completed in England remained relatively stable in 2022 and 2023, after reaching a low point in the second quarter of 2020 due to the restrictions implemented to prevent the spread of COVID-19. Construction starts and completions Comparing the number of starts and completions in London side-by-side shows that whenever there is a significant growth or fall in the number of projects started, that peak or valley tends to be reflected in the number of buildings completed a couple of years later. Nevertheless, disruptions, delays, and other obstacles may affect that correlation. Still, observing how many home construction projects started in the UK can provide some insight into the level of activity that construction companies may have in the near future. Given that the number of housing starts is forecast to fall in 2024, there might be slightly less work to be carried out the following year. Nevertheless, housing starts are expected to pick up again by 2025 and 2026. Housing associations in the UK Housing associations are not-for-profit organizations created to develop and rent homes for a lower price than in the private market. They have acquired certain relevance in the UK, although this type of organization also exists in other countries. On several occasions during the past decade, over a fifth of housing starts in London were developed by housing associations. Meanwhile, the number of new homes completed in Scotland by housing associations has increased a lot throughout the years, with several thousand units constructed every year during the past decades.

UK Residential Construction Market size was valued at USD 30.00 Billion in 2024 and is projected to reach USD 60.00 Billion by 2032, growing at a CAGR of 9% from 2026-2032.

UK Residential Construction Market: Definition/ Overview

Residential construction refers to the process of building homes, apartments, and other dwellings for individuals or families. It involves various stages such as planning, design, site preparation, and the actual construction of the structure. The application of residential construction is essential in meeting the growing demand for housing due to population growth, urbanization, and economic development.

In the future, the industry is expected to embrace new technologies like sustainable building materials, smart home systems, and modular construction to create more energy-efficient, cost-effective, and environmentally friendly homes, making it a key player in addressing housing challenges.

The Estate Agents industry is mostly made up of many small companies that operate locally, attracting customers through their expert regional knowledge. However, a few larger estate agents, like Connells Group, Savills and LSL Property Services, operate throughout the UK, leveraging their brand power and global resources to capture more of the market. Estate agent revenue is expected to grow at a compound annual rate of 1.2% over the five years through 2025-26 to £15.2 billion, including a forecast rise of 1.3% in 2025-26. The pandemic induced fierce volatility and a shift in market dynamics in 2020-21, but activity quickly bounced back. Despite a solid recovery, aided by pent-up demand and government support, aggressive interest rate hikes and a gloomy economic outlook hit property markets in 2023-24, hurting transaction volumes and limiting the need for estate agents. Declining transaction volumes translated into a corresponding dip in estate agents' lead generation over the year. However, the industry bounced back in 2024-25. House prices rose at the same time as interest rates began edging downwards. Additionally, the changes to the Stamp Duty threshold in April 2025 led to a surge in transactions as people rushed to complete purchases before the deadline to avoid paying extra stamp duty, which boosted transactions and revenue in 2024-25. Despite increases to Stamp Duty in 2025-26, falling interest rates and rising house prices in 2025-26 have offset a fall in property transactions, leading to revenue inching upwards in 2025-26, whilst profit has remained flat. Revenue is forecast to grow at a compound annual rate of 2.5% over the five years through 2030-31 to £17.2 billion. The economic environment is set to stabilise in the short term as interest rates fall, pushing up prices and transaction volumes and supporting revenue growth. The rise of online-only and hybrid estate agents will continue to gather momentum as e-commerce grows. However, bricks-and-mortar agencies will likely remain on top thanks to their expert regional knowledge and personalised services. Increased funding for housebuilding from the government should increase the supply of housing in the future, further driving revenue growth for estate agents – they’ll have more houses to sell. The introduction of the Renters' Rights Act in October 2025 is expected to shake the industry in the short term. However, those prepared to embrace the changes the act brings will be well-positioned to thrive.