Home Ownership Rate in the United Kingdom decreased to 64.50 percent in 2023 from 64.70 percent in 2022. This dataset provides the latest reported value for - United Kingdom Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Comprehensive dataset containing 81 verified Homeowners' association businesses in United Kingdom with complete contact information, ratings, reviews, and location data.

Snapshot img

Homeowners Insurance Market Size 2024-2028

The homeowners insurance market size is forecast to increase by USD 65.9 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. The increasing number of natural disasters and man-made hazards has led to a higher demand for comprehensive insurance coverage. New technological developments In the home insurance industry, such as the use of drones for property inspections and smart home systems for risk mitigation, are transforming the market. Additionally, the vulnerability to cybercrimes, including identity theft and hacking, is driving insurers to offer cyber insurance policies as part of their homeowners packages. These trends are shaping the future of the market and are expected to continue influencing its growth.

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

Request Free Sample

The market is a significant segment of the global casualty insurance sector, providing financial protection for homeowners against various risks. Homeowners, as key asset holders, rely on insurance companies to safeguard their financial security against potential losses from incidents such as natural disasters, theft, and property damage. Insurers employ advanced risk assessment tools to evaluate and price policies based on factors like location, property values, and historical claims data. Recent market trends include increasing concerns over catastrophic risks, driven by both natural disasters and pandemic-related losses. The low-interest-rate environment has also influenced the market, affecting loss reserves and policyholder surplus.
Moreover, insurance companies continue to navigate the challenges posed by financial market losses and the legal responsibility to policyholders for covered damages. Asset prices and loss reserves remain crucial indicators of market stability, with property insurance and household/private property insurance being the primary types of coverage sought by homeowners.

How is this Homeowners Insurance Industry segmented and which is the largest segment?

The homeowners insurance industry 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

  Fire and theft
  House damage
  Floods and earthquake
  Others


Source

  Captive
  Independent agent
  Direct response


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Type Insights

The fire and theft segment is estimated to witness significant growth during the forecast period.

The market growth is driven by the increasing prevalence of natural disasters and theft incidents, leading homeowners to seek additional coverage beyond standard property insurance policies. Fire insurance, a significant segment, protects against losses caused by fire, with many homeowners opting for additional coverage to offset costs exceeding their base policy limits. Policies exclude certain perils, such as war and nuclear risks. Theft insurance, another essential component, safeguards against financial losses resulting from theft or vandalism. Advanced risk assessment tools enable insurance firms to customize policies based on clients' risk profiles and underwriting guidelines, offering premium payment flexibility and virtual interactions.

Get a glance at the Homeowners Insurance Industry report of share of various segments Request Free Sample

The fire and theft segment was valued at USD 80.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 40% 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.

For more insights on the market share of various regions, Request Free Sample

The North American market will experience steady growth due to the high frequency of natural disasters, leading to an increased demand for reinsurance policies. Catastrophic events, such as hurricanes, tornados, and tsunamis, can cause significant damage to residential properties, resulting in substantial insurance claims. Reinsurers provide capital to primary insurers when the number of claims is high, ensuring financial security for policyholders. Despite the challenges, reinsurance firms have managed to maintain consistent revenue streams. Property values, homeowners, assets, and liability coverage are integral components of homeowners insurance policies. Insurance providers offer customized policies for various risks, including natural disasters, theft, an

VERD is a research project at the University of East Anglia investigating homeowners' decisions to renovate, with a particular emphasis on energy efficiency. VERD stands for Value propositions for Energy efficient Renovation Decisions. The project is a collaboration between researchers from the Norwich Business School and the Tyndall Centre for Climate Change Research, and is funded by the UK Energy Research Centre (UKERC).

This study focuses on why homeowners renovate and why they decide to improve their home energy efficiency. The study is based on data collected from homeowners in two ways: a national survey and (simultaneously) stated preferences for renovation alternatives.

The survey took place in September 2012 and drew from a representative sample of 1,028 UK homeowners, who were asked whether or not they were considering renovations. About half said they were not. The other half, who were, were asked how far along they were in their decision process. About 19 per cent were thinking about renovations in general terms, 16 per cent were concretely planning renovations, and the remaining 15 per cent were in the middle of or finalising renovations.

The study was repeated a year later using two separate sub-samples. One sub-sample included the same respondents from the previous year and the other was a new independent sub-sample.

The data collected allowed the VERD team to answer the following questions:

• Why do homeowners first start thinking about renovations?
• How do homeowners decide to renovate? And why do they include energy-efficiency measures?
• What value propositions are attractive to renovating homeowners? And what role might the Green Deal play?

When asked about "Smart home device ownership", ** percent of UK respondents answer ************************************************************************. This online survey was conducted in 2025, among 5,452 consumers.

Since 2015, the gap between the cost of buying a home and renting has grown, with homeownership becoming increasingly less affordable. In the third quarter of 2024, the house price to rent ratio in the UK stood at 114.6. That meant that house price growth has outpaced rental growth by nearly 15 percent between 2015 and 2024. The UK's house price to rent ratio was slightly below the average Euro area ratio. House price to income ratio in the UK Another indicator for housing affordability is the house price to income ratio, which is calculated by dividing nominal house prices by the nominal disposable income per head. The ratio saw an overall increase between 2015, which was the base year, and 2022. After that, the index declined, but remained close to the average for the Euro area. Is it more affordable to rent or buy? There are many things to be considered when comparing buying to renting, such as the ability to qualify for a mortgage and whether prospective homebuyers have sufficient savings for a deposit. Generally, purchasing a home is more affordable than renting one. However, the average monthly savings first-time buyers can achieve have been on the decline. In East of England, where house prices have increased rapidly over the past few years, it was cheaper to rent than to buy in 2022.

This dataset provides values for HOME OWNERSHIP RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

A comprehensive dataset drawn from over 17,000 homeowner enquiries (since 2020), 4,186 quotes analysed (May 2024–April 2025), and 1,000+ completed asbestos garage roof replacements across the UK, with verified insights from HSE, FOIs, and housing surveys.

Snapshot img

UK Kitchen Furniture Market Size 2025-2029

The UK kitchen furniture market size is forecast to increase by USD 767.7 million at a CAGR of 5% between 2024 and 2029.

The kitchen furniture market in the UK is experiencing significant growth, driven by expanding residential construction activity and the increasing demand for superior quality and durable kitchen furniture. However, the market faces challenges, including the unstable prices of raw materials used in manufacturing. These factors contribute to the dynamic and evolving nature of the UK kitchen furniture market. Design software and customization options enable parallel type layouts, open plan designs, and organization solutions for small spaces. The growing trend towards sustainable and eco-friendly materials is also influencing the industry, with consumers seeking kitchen furniture that is not only functional and stylish but also environmentally responsible. Additionally, the integration of smart technology into kitchen furniture is gaining popularity, offering convenience and enhanced functionality to homeowners. Overall, the UK kitchen furniture market is poised for continued growth, with these trends and challenges shaping its future direction.

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

Request Free Sample

The UK kitchen furniture market exhibits strong growth, driven by increasing household spending on home improvements and the trend towards sustainable design. Consumers seek modern, efficient kitchens with smart fixtures and appliances, such as IoT-enabled refrigerators and automation systems.
Moreover, eco-friendly materials and backsplash ideas are also popular, reflecting a growing concern for sustainability. Price increases in key areas, including hardware and lighting, have led to innovation in design, with minimalist aesthetics, L-shape layouts, and space optimization becoming key trends. Offline distribution channels continue to dominate, but online sales are growing, offering greater access to design inspiration, cabinet ideas, and accessories. Flooring choices, from wood to tiles, also influence design decisions, as homeowners modernize their kitchens on various budgets.

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 million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Kitchen cabinets
  Kitchen chairs
  Kitchen tables
  Others


Application

  Residential
  Commercial


Distribution Channel

  Offline
  Online


Geography

  UK

By Type Insights

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

The UK kitchen furniture market experiences consistent demand due to homeowners' inclination towards kitchen renovations and remodeling projects. Aesthetic upgrades and functionality enhancements are key motivators for the purchase of new kitchen cabinets. Current trends favor sleek designs, premium materials, and advanced storage solutions. The integration of technology, such as sensor-activated cabinets and automated lighting, is further driving the adoption of modern kitchen furniture. Space optimization and customization are essential considerations for homeowners, making flexible and space-efficient designs increasingly popular. Overall, the market for kitchen cabinets in the UK is driven by evolving design preferences, the integration of smart technologies, and the desire for functional and stylish kitchen spaces.

Get a glance at the market report of share of various segments Request Free Sample

Market Dynamics

Our UK Kitchen Furniture Market 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.

What are the key market drivers leading to the rise in adoption of UK Kitchen Furniture Market?

Growing residential construction activity is the key driver of the market.

The kitchen furniture market in the UK is experiencing significant growth due to the increasing residential construction activity. Contemporary kitchen designs, characterized by innovative storage solutions and high-quality materials, are gaining popularity among developers and homeowners. This trend is driven by consumers' focus on the aesthetic and functional aspects of kitchens when purchasing new homes. As a result, the demand for premium kitchen furniture is on the rise, fueling market growth. Residential construction projects often reflect positive economic conditions and increased consumer confidence. With higher consumer spending on new homes, there is a corresponding increase in spending on quality kitchen furniture.
Moreover, the prefer

The total share of homes with damp problems in England's housing stock saw a general decrease between 2003 and 2022. In 2003, a total of 10.6 percent of homes that were inspected were found to have some form of damp problem. In 2022, this share had decreased to 4.1 percent. In that year, there were approximately 24 million houses in England.

Revenue is forecast to edge up at a compound annual rate of 0.1% over the five years through 2024-25 to £1.7 billion. The glazing industry’s revenue prospects tend to follow economic and investment trends in the wider construction sector. The pandemic led to a 14.3% plummet in construction activity in 2020 due to lockdowns, as per ONS data, significantly affecting glazing contractors, especially in the residential and commercial sectors. Despite construction activity recovering post-pandemic, output has been sluggish amid weak economic conditions and inflationary pressures, limiting glazers’ revenue growth. Following the pandemic, the glazing industry was hit with severe supply chain disruptions caused by the Russia-Ukraine conflict. Global supply issues caused input purchase costs to inflate as well as dampen consumer and business confidence. Persistent inflationary pressures have severely impacted budgets, leading to the cancellation or postponement of several commercial construction projects amid escalating costs. Homeowners are also feeling the pinch, tightening their purse strings and consequently reducing the demand for glass installation upgrades. To combat inflation, the Bank of England raised interest rates, increasing borrowing costs, which slowed housing activity. This led to reduced homeowner equity and fewer investment opportunities for commercial clients, thereby limiting tender opportunities for glazers. However, supportive government schemes, which stimulate construction activity in residential and non-residential markets, have bolstered industry revenue growth. In 2024-25, revenue is forecast to climb by 4.3%, as inflationary pressures ease and consumer and business confidence rebounds. Revenue is forecast to expand at a compound annual rate of 4.4% over the five years through 2029-30 to £2.1 billion. The government will continue to support new residential construction, aiding glazing contractors through the increased demand for their services. An economic recovery will also uplift commercial construction, as easing inflation facilitates spending and makes construction projects more attractive. Additionally, growing eco-consciousness will drive demand for energy-saving and sustainable glass installations, as homeowners and commercial clients seek to enhance the energy efficiency of their buildings.