North West England and the West Midlands had the largest mismatch between the supply and demand of housing in 2023. If the number of dwellings added to the housing stock continues being lower than the number of new households formed there would be a housing shortage. However, London showed some signs of having a housing shortage, as it had the largest difference between the homes built and the households formed between 2016 and 2023.

Building affordable and council homes is a priority for the Mayor in tackling London's housing crisis and a key component of the London Housing Strategy. The GLA Housing team monitor a range of housing statistics produced by the Department for Levelling Up, Housing and Communities (DLUHC), and this spreadsheet contains a section from the Affordable Housing Open Data. This data has been used to measure the number of affordable and council homes built in London since 2016/17 and includes all affordable homes built, including those which did not receive funding from the GLA. This dataset does not incorporate DLUHC data for 2021/22 or GLA data for 2022/23.

In the four weeks leading up to June 16, 2025, the housing market in the UK saw the stock of homes for sale increase by ** percent compared to the same period in 2024. New inventory, demand, and the number of agreed sales also increased, albeit at a lower rate.

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.

Research in modelling housing market dynamics using agent-based models (ABMs) has grown due to the rise of accessible individual-level data. This research involves forecasting house prices, analysing urban regeneration, and the impact of economic shocks. There is a trend towards using machine learning (ML) algorithms to enhance ABM decision-making frameworks. This study investigates exogenous shocks to the UK housing market and integrates reinforcement learning (RL) to adapt housing market dynamics in an ABM. Results show agents can learn real-time trends and make decisions to manage shocks, achieving goals like adjusting the median house price without pre-determined rules. This model is transferable to other housing markets with similar complexities. The RL agent adjusts mortgage interest rates based on market conditions. Importantly, our model shows how a central bank agent learned conservative behaviours in sensitive scenarios, aligning with a 2009 study, demonstrating emergent behavioural patterns.

Participating households.

Buckinghamshire was one of the areas in England with the highest number of housing unit additions per 1,000 dwellings in 2023. Meanwhile, there were *** houses added in London in 2023 for each 1,000 dwellings already existing in the previous year, which is a higher value than in Manchester, Leeds, and Birmingham. That means that the housing supply in the capital relative to the size of its housing stock increased at a faster pace than in the other major English cities.

Description This data companion pack is a resource intended to frame and be read alongside the linked Evidence Review: Housing and Health Inequalities in London (available on the Institute of Health Equity website) . The resource provides intelligence and context on the housing and health inequalities in London only, while the accompanying rapid review of evidence for interventions contains the recommendations for action.​ This pack is intended to provide a high-level overview of the best available data on housing in London and the key housing-related health inequalities issues faced by Londoners, in correlation with the IHE Evidence Review: Housing and Health Inequalities in London.​ This pack identifies how certain groups in the population are at greatest risk of housing-related health inequalities, as well as noting gaps in available data for particularly excluded groups. The pack provides a platform for partnership work on housing-related health inequalities across London, including providing an overview of key issues, and identifying key gaps in intelligence that would help improve understanding of housing-related inequalities across the capital. ​ Audience It will be useful for health leaders, analysts, officers, and policy makers from local and regional government, integrated care systems, and more, to address ​housing-related health inequalities by - Advocating for the need for action to address housing inequalities, given impacts on health and health inequalities ​ Framing the context for the interventions highlighted in the linked rapid review of interventions​ Engaging communities ​ ​Development of this resource The Institute of Health Equity (IHE), Greater London Authority (GLA) Health, GLA City Intelligence Unit, Office for Health Improvement and Disparities London (OHID), Association of Directors of Public Health London (ADPH), and NHSE have collaboratively produced this report, as part of the Building the Evidence (BTE) programme of work The sources of data available and topics included have been identified from existing published data, working in partnership through iterative discussion The resource is provided in PDF and PowerPoint format to support colleagues in their work to There is no current plan for periodic updates of this resource, though this will be discussed on completion of this programme of work

• The CORE lettings data include information on the characteristics of both private registered providers and local authority new social housing tenants and the homes they rent. For each year, data is structured into four datasets based on type of letting (social rent general needs and supported needs, and affordable rent general needs and supported needs). It is a regulatory requirement for providers registered with the Homes and Communities Agency to supply the data. For those who are not registered, submissions are voluntary. Local authorities have participated in CORE since 2004-5 on a voluntary basis. Weighting is applied to adjust for non-response by local authorities for social rent datasets, and imputation is also carried out to address item-level non-response of key data on tenant characteristics for both local authorities and privately registered providers. The three datasets for affordable rent are not weighted or imputed.
• The CORE sales data include information on sales of local authority dwellings and some summary details on sales of registered provider stock (previously known as Registered Social Landlords or housing associations). Collecting these data allows for a better understanding of the socio-economic and demographic make-up of affordable housing customers and local housing markets and products. The sales dataset is imputed, with more information on the imputations within the data dictionary.

• For the standard End User Licence (EUL) version (SNs 9237 and 9238), the geographic level of the data is set at Government Office Region (GOR). Letting and voiding dates are provided at month and year only; age variables are top-coded at 90 years; income, benefits, earnings, charge and shortfall variables are banded to disguise unique values; landlords are grouped into coded categories.
• For the Special Licence access (SL) version (SNs 9239 and 9240), geographic level is set at Local Authority. The SL data have more restrictive access conditions than those made available under the standard EUL. Prospective users of the SL version will need to complete an extra application form and demonstrate to the data owners exactly why they need access to the additional variables in order to get permission to use that version.
• For Secure Access (SNs 9241 and 9242), the full CORE datasets are available, with some key variables recoded. Prospective users of the Secure Access version will need to fulfil additional requirements, including completion of face-to-face training and agreement to further stringent access conditions.

SN 9237: Continuous Recording of Social Housing Lettings (CORE):

This study contains the EUL-level CORE Lettings data only. The EUL CORE Sales data are held under SN 9238.

Public attitudes towards housing issues. Source agency: Communities and Local Government Designation: Official Statistics not designated as National Statistics Language: English Alternative title: Attitudes to Housing

The number of housing units completed in 2023 was significantly higher than the number of households formed that year in the United Kingdom. However, although the data would suggest that in the most recent years there have been more dwellings built than households formed, housing construction is not always located in the places where it is most demanded, which can still lead some cities and areas to have housing shortage.

England accounts for the majority of sales in the residential real estate market in the United Kingdom. In May 2025, the total number of housing transactions in the country amounted to ******, with ****** of these property sales being completed in England. Historically, sales activity has observed notable fluctuations because of the seasonal nature of the market, but also other trends in the market, such as the slump in April 2020 related to the COVID-19 pandemic. A declining number of home sales The annual number of home sales in the UK has declined since 2021, with 2023 exhibiting the lowest transaction volume since 2012. The main reason for that trend is the increase in the cost of housing. House prices grew year-on-year between 2012 and 2022, with growth accelerating toward the end of the period due to the record-low mortgage rates. As the cost of living crisis hit in 2022, the Bank of England hiked interest rates, resulting in dramatically higher home finance costs. With house prices at their peak and a double increase in borrowing costs, many prospective homebuyers could not afford to buy and placed their plans on hold. How will prices develop in the next five years? After a slight decline in 2024, house prices in the UK are expected to pick up in the next year and continue on an upward trend until 2029. On average, house prices are projected to grow by *** percent per year.

The UK manufactured homes market, while a smaller segment compared to traditional construction, exhibits robust growth potential. Driven by factors such as increasing housing shortages, rising land prices, and a growing preference for sustainable and affordable housing options, the market is poised for significant expansion. The average construction time for manufactured homes is significantly shorter than traditional builds, addressing the urgent need for quicker housing solutions. This efficiency, coupled with advancements in design and technology resulting in improved aesthetics and energy efficiency, is attracting a broader range of buyers. Government initiatives promoting sustainable housing and affordable housing options further bolster market growth. While regulatory hurdles and perceptions of quality remain challenges, ongoing innovation and increasing consumer awareness are mitigating these concerns. Key players like Lendlease, Laing O'Rourke, and others are investing in innovative designs and streamlined production processes to capitalize on this expanding market. The segment is segmented primarily by type, with single-family units dominating the market share currently but multi-family units witnessing a considerable surge as developers recognize the potential in larger-scale projects. The forecast period (2025-2033) predicts a steady increase in market value, fueled by continuous demand and further industry development. The UK market specifically benefits from government policies encouraging eco-friendly construction practices, which aligns well with the inherent sustainability of manufactured homes. While competition from traditional construction remains, the market's unique advantages of speed, affordability, and sustainability are projected to steadily increase market share over the coming decade. The concentration of major players indicates a degree of market consolidation, suggesting ongoing investment and potential for further innovation. Future growth will depend on overcoming existing challenges and maintaining the current positive momentum in terms of both consumer perception and supportive governmental regulations. This in-depth report provides a comprehensive analysis of the UK manufactured homes market, covering the period from 2019 to 2033. It offers invaluable insights into market size, growth drivers, challenges, and future trends, empowering stakeholders to make informed strategic decisions. The report leverages extensive primary and secondary research, incorporating data from key players like Lendlease Corporation Limited, Campbells Park Homes, Timberlog Build, Omar, Pathfinder Homes, CS Vanguard, Bouygues Construction, Laing O'Rourke, Karmod, and Campion Homes. The study uses 2025 as the base year and provides forecasts up to 2033. Recent developments include: June 2022 - TopHat announced intention to deliver Europe's largest modular homes facility. Capable of delivering one house every hour, the state-of-the-art facility will use precision engineering techniques to create c.4,000 homes per year. The new premises will be operational from 2023, creating 1,000 highly skilled jobs., May 2022 - Campion Homes have been appointed by Blackwood to develop 66 new smart tech homes in Charleston, Dundee. The project will deliver a mix of two-bedroom flats and four & to five-bedroom homes.. Key drivers for this market are: Demand for New Dwellings Units, Government Initiatives are driving the market. Potential restraints include: Supply Chain Disruptions, Lack of Skilled Labour. Notable trends are: Rapid Urbanization in the Region is Driving the Market.

The CORE datasets contained in the study cover annual official statistics on new lettings of the stock owned by local authorities and private registered providers of social housing in England, as well as sales of the social stock owned by private registered providers. For each year, data is structured into five datasets, four based on type of letting (social rent general needs and supported needs, and affordable rent general needs and supported needs) and one based on sales by private registered providers. All datasets are based on administrative data collected via the COntinuous REcording of Lettings and Sales (CORE) system. It is a regulatory requirement for providers registered with the Homes and Communities Agency to supply the data. For those who are not registered, submissions are voluntary. Local authorities have participated in CORE since 2004-5 on a voluntary basis. In the first year, only 24% of stock-holding local authorities participated, but the number of authorities participating has steadily increased, with all authorities submitting some data for 2013-14. Weighting is applied to adjust for non-response by local authorities for social rent datasets and imputation is also carried out to address item level non-response of key data on tenant characteristics, for both local authorities and private registered providers. The three datasets for affordable rent are not weighted or imputed. The sales dataset is imputed, with more information on the imputations within the data dictionary.

The collection of social housing lettings and sales data allows for a better understanding of the socio-economic and demographic make-up of affordable housing customers by tenure and of local housing markets and affordable housing products. These data are used by central government to inform national housing policy and by local government to inform their Strategic Housing Market Assessments. The data are also used by academics, researchers, charities and the wider public to understand social housing issues.

Further information may be found on the GOV.UK "https://www.gov.uk/government/collections/rents-lettings-and-tenancies" title="Social housing lettings"> Social housing lettings and "https://www.gov.uk/government/collections/social-housing-sales-including-right-to-buy-and-transfers" title="Social housing sales"> Social housing sales webpages.

Latest edition
For the 11th edition (August 2023), data and documentation for CORE Lettings for 2018/19-2021/22 have been added to the study. Sales data and documentation for 2018/19-2020/21 have been replaced, and 2021/22 added.

End User Licence, Special Licence and Secure Access datasets
The CORE datasets are available at three access levels, depending on the level of detail in the data.

• For the standard End User Licence (EUL) version (SN 7603) the geographic level of the data is set at Government Office Region (GOR). Letting and voiding dates are provided at month and year only; age variables are top-coded at 90 years; income, benefits, earnings, charge and shortfall variables are banded to disguise unique values; landlords are grouped into coded categories.
• For the Special Licence access (SL) version (SN 7604), the geographic level is set at Local Authority. The SL data have more restrictive access conditions than those made available under the standard EUL. Prospective users of the SL version will need to complete an extra application form and demonstrate to the data owners exactly why they need access to the additional variables in order to get permission to use that version.
• For Secure Access (SN 7686) the full CORE datasets are available, with some key variables recoded. Prospective users of the Secure Access version will need to fulfil additional requirements, including completion of face-to-face training and agreement to further stringent access conditions.

The Greater London Authority's ‘Housing in London’ report sets out the evidence base for the Mayor's housing policies, summarising key patterns and trends across a wide range of topics relevant to housing in the capital. The report is the evidence base for the Mayor’s London Housing Strategy, the latest edition of which was published in May 2018. The 2024 edition of Housing in London can be viewed here. It includes monitoring indicators for the London Housing Strategy, and five thematic chapters: * 1. Demographic, economic and social context * 2. Housing stock and supply * 3. Housing costs and affordability * 4. Housing needs, including homelessness and overcrowding * 5. Mobility and decent homes Where possible, the data behind each year's report's charts and maps is made available below. To provide feedback or request the document in an accessible format, please email housing.analysis@london.gov.uk

The Greater London Authority's ‘Housing in London’ report sets out the evidence base for the Mayor's housing policies, summarising key patterns and trends across a wide range of topics relevant to housing in the capital. The report is the evidence base for the Mayor’s London Housing Strategy, the latest edition of which was published in May 2018.

The 2024 edition of Housing in London can be viewed here. It includes monitoring indicators for the London Housing Strategy, and five thematic chapters:

• 1. Demographic, economic and social context
• 2. Housing stock and supply
• 3. Housing costs and affordability
• 4. Housing needs, including homelessness and overcrowding
• 5. Mobility and decent homes

Where possible, the data behind each year's report's charts and maps is made available below.

To provide feedback or request the document in an accessible format, please email housing.analysis@london.gov.uk

UK Prefab Wood Buildings Market size was valued at USD 7.84 Billion in 2024 and is expected to reach USD 10.01 Billion by 2032, growing at a CAGR of 3.1% from 2026 to 2032.Key Market Drivers:Housing Shortages and Government Targets: The UK confronts a severe housing shortage, which is boosting demand for speedier construction options such as prefabricated wood houses. According to the UK Ministry of Housing, Communities and Local Government (formerly the Department for Levelling Up, Housing and Communities), the government aims to build 300,000 new homes each year by the mid-2020s to address the housing problem.Environmental Regulations and Net-Zero Targets: The UK government's aim to achieving net zero carbon emissions by 2050 is speeding up the transition to sustainable building materials. The UK Green Building Council notes that buildings account for approximately 40% of UK carbon emissions.

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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.

See How Residential Real Estate Market Demand is Rising in APAC Request Free Sample

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