Rents of mainstream rental properties in London are forecast to continue to increase between 2024 and 2028. Rental growth is expected to be the strongest in 2024, at 5.5 percent. On the other hand, house prices are expected to grow at a slower rate.

In January 2025, the average monthly rent in Greater London reached 2,227 British pounds, confirming its position as the most expensive area for private tenants. Rental prices across England stood at 1,375 British pounds, while the average for Great Britain was recorded at 1,332 British pounds. The North East remains the most affordable region, with rents at 710 British pounds. According to the UK Price Index of Private Rents (PIPR), rental growth has accelerated since 2021, with the cost of rental properties rising by nearly nine percent annually in January 2025.

Median monthly rental prices for the private rental market in England by bedroom category, region and administrative area, calculated using data from the Valuation Office Agency and Office for National Statistics.

The prime property rental real estate market in Central London is expected to see an overall increase in rental rates during the five-year period between 2024 and 2028, according to a May 2024 forecast. Over the five-year period, the cumulative prime rental growth is forecast at 15.9 percent. Property price increase in Outer London is expected to be higher.

The prime property rental real estate market in Outer London is expected to see an overall increase in rental rates during the five-year period between 2024 and 2028, according to a May 2024 forecast. Over the five-year period, the cumulative prime rental growth is forecast at 16.5 percent. Nationwide, residential rents have soared since 2021, with the annual rental growth peaking at over nine percent in March 2024.

The UK residential real estate market, valued at approximately £360.27 billion in 2025, is projected to experience robust growth, driven by several key factors. Strong population growth, particularly in urban centers, fuels consistent demand for housing, while low interest rates and government initiatives aimed at boosting homeownership further stimulate market activity. The market is segmented into apartments and condominiums, and landed houses and villas, with each segment exhibiting unique growth trajectories. Apartments and condominiums, particularly in London and other major cities, are expected to see higher demand due to affordability concerns and lifestyle preferences, while landed houses and villas continue to appeal to those seeking more space and privacy, particularly in suburban or rural areas. Competition among major developers such as Berkeley Group, Barratt Developments, and others influences pricing and construction activity. While challenges exist, such as fluctuating economic conditions and rising construction costs, the overall outlook for the UK residential real estate market remains positive. The market's performance is also influenced by broader economic factors, such as inflation and employment rates, and is likely to see regional variations, with London and the South East generally commanding higher prices. The market's growth is expected to continue through 2033, with a compound annual growth rate (CAGR) of 5.75%. This growth will likely be influenced by factors such as evolving demographic trends (including increasing urbanization and family sizes), government policies impacting the housing market, and technological advancements impacting the construction and sales processes. International investment continues to play a significant role, especially in prime London properties. However, the market is susceptible to external shocks, such as changes in interest rates or economic downturns. Understanding these factors is crucial for investors and stakeholders operating within the UK residential real estate sector. Market analysis suggests continued demand for sustainable and energy-efficient housing, influencing the development of future projects. This comprehensive report provides an in-depth analysis of the UK residential real estate market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this research offers invaluable insights for investors, developers, and industry professionals seeking to navigate this dynamic market. The report leverages extensive data analysis, covering key segments, emerging trends, and major players, to provide a clear understanding of market dynamics and future growth potential. High-search-volume keywords like UK property market, UK house prices, London property market, UK residential real estate investment, build-to-rent UK, multifamily UK, and UK housing market forecast are integrated throughout to ensure maximum online visibility. 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: Supply Chain Disruptions, Lack of Skilled Labour. Notable trends are: Increasing in the United Kingdom House Prices.

About Dataset

Dataset Overview This dataset provides a snapshot of real estate transactions in London for 2024. It includes key property details such as the number of bedrooms, bathrooms, living space size, lot size, and transaction price. Additionally, it incorporates information about property features like waterfront views, renovation history, and construction quality. Designed for educational and research purposes, the dataset offers insights into London's real estate market trends and serves as a valuable resource for data analysis and machine learning applications.

Data Science Applications This dataset is ideal for students, researchers, and professionals seeking to apply data science techniques to real-world real estate data. Potential applications include:

Exploratory Data Analysis (EDA): Investigate price trends, property characteristics, and geographical distribution of transactions. Price Prediction Models: Develop machine learning models to predict property prices based on features like size, location, and condition. Trend Analysis: Analyze historical and geographical trends in property prices and features. Geospatial Analysis: Map properties based on latitude and longitude to identify hotspots or underserved areas.

Column Descriptions

Ethically Mined Data This dataset was ethically sourced from publicly available property listings. It does not include any Personally Identifiable Information (PII) or data that could infringe on individual privacy. All information represents public details about properties for sale in London.

Acknowledgements

Data Source: Real estate data provided from publicly accessible resources. Image Credit: Unsplash for real estate-themed visuals. Use this dataset responsibly for educational and analytical purposes!

In the five-year period between 2024 and 2028, the prime residential rent for existing properties in Greater London is expected to increase by over 19 percent. The highest percentage change is expected to occur in 2024, when rents are to rise by 5.5 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.

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 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.

UK Residential Real Estate Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

The UK residential real estate market is driven by robust demand for housing, especially in major cities like London, Manchester, and Birmingham. The UK government’s housing strategy aims to deliver 300,000 new homes annually to meet demand, which continues to outpace supply. With an increasing population and changing demographics, including more people opting for homeownership, demand for residential properties remains high. The need for family homes and affordable housing continues to drive growth in both urban and suburban markets.

Moreover, government initiatives such as the Help to Buy scheme and Stamp Duty cuts have played a significant role in encouraging first-time buyers to enter the residential market. Recent changes to Stamp Duty, which saw exemptions for homes below a certain price threshold, have increased affordability for many buyers. The government’s First Homes Scheme offers new properties at a discounted rate for first-time buyers, making homeownership more accessible. According to the UK Ministry of Housing, Communities, and Local Government, the scheme has helped thousands of young buyers get onto the property ladder.

London is the most expensive city for office real estate in Europe. In 2023, the per square foot cost of office space in London was higher than in any other European city. In West End, a Grade A office cost about 90 British pounds per square foot in 2023. Prime offices were even more expensive, at 135 British pounds per square meter. Office yields Prime yields in Central London fluctuate depending on the district, but West End areas tend to have lower yields compared to other areas, such as Stratford or Canary Wharf. The prime office yield in Mayfair/St. James' in 2023 was the lowest among the major London office submarkets. In real estate, yields measure the potential return of a rental property and are calculated as the ratio of the property's rental income to the investment cost. Typically, prime office yields in London are lower than the rest of the UK, which is mostly due to the highly competitive market and high investment costs. Vacancy rates Despite the high office rental costs in England’s capital city, vacancy rates in many of London's main office markets were below seven percent in 2023. This is good news for the office sector, as during the coronavirus (COVID-19) pandemic, the share of vacant office space across all Central London districts spiked dramatically. Compared to other European cities, London was in the middle of the ranking, alongside Frankfurt and Lisbon.

Comprehensive Airbnb dataset for London, United Kingdom providing detailed vacation rental analytics including property listings, pricing trends, host information, review sentiment analysis, and occupancy rates for short-term rental market intelligence and investment research.

The UK commercial real estate market, valued at approximately £149.67 billion in 2025, is projected to experience steady growth, driven by factors such as increasing urbanization, robust economic activity in key sectors, and ongoing investment in infrastructure projects. The market's Compound Annual Growth Rate (CAGR) of 4.31% from 2025 to 2033 indicates a positive outlook, although growth may fluctuate depending on macroeconomic conditions and interest rate changes. The office sector, while facing challenges from remote work trends, remains a significant segment, particularly in major cities like London. The retail sector is undergoing transformation, with a shift towards experience-led retail and e-commerce fulfillment centers driving demand. The industrial and logistics sector continues to thrive, fueled by the growth of e-commerce and supply chain optimization. The hospitality sector’s recovery post-pandemic is expected to contribute to market growth, although uncertainties remain. Investment is likely to focus on sustainable and technologically advanced properties, aligning with broader ESG (Environmental, Social, and Governance) considerations. Within the UK, regional variations are expected. London and other major cities will continue to attract significant investment, while regional markets will demonstrate varying levels of growth depending on local economic conditions and infrastructure developments. Competition among established players like Hammerson, Land Securities Group PLC, and British Land, alongside emerging players, will likely intensify. The sector is also subject to regulatory changes and external factors like inflation and geopolitical events, which will influence investment decisions and overall market performance. Technological advancements, such as proptech solutions and data analytics, will further reshape the industry's landscape, impacting operations, asset management, and tenant relationships. This evolving market presents both opportunities and challenges for investors, developers, and businesses operating within the UK commercial real estate sector. Recent developments include: October 2023: British Land received a resolution to grant planning permission for an approximately 140,000 sq. ft multi-level last-mile logistics scheme on Mandela Way, Southwark. This project represents the latest addition to British Land’s 2.9 million sq. ft pipeline. Situated near the junction of New Kent Road, Old Kent Road, and Tower Bridge Road, the site will serve as a last-mile logistics hub for Southwark and central London., July 2023: British Land and Landsec formulated a comprehensive set of recommendations aimed at regenerating UK towns and cities. Their goal is to stimulate more growth, create additional homes, and generate more job opportunities by enhancing how the planning system supports brownfield regeneration. As major players behind some of Britain’s most significant regeneration projects, including Landsec’s 24-acre Mayfield neighborhood in central Manchester and British Land and AustralianSuper’s 53-acre Canada Water development in London, these property companies bring extensive experience in large-scale, complex urban developments. The insights gained from such projects have been applied and refined in their latest paper.. Key drivers for this market are: Growth in the Country's Logistics Sector and Warehouse Space, Increasing Demand for Co-working Office Spaces; Increasing Infrastructure Investments. Potential restraints include: Rising Costs affecting the market. Notable trends are: Office Segment Showing Significant Growth in the Market.

Housing Index in the United Kingdom decreased to 511.50 points in May from 513.50 points in April of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Research Notes are a series of analytical reports from the Greater London Authority focusing on individual issues of relevance to housing policy in London. The most recent Housing Research Note (published in November 2023) estimates the annual cost to the NHS of homes in poor condition in London. It also estimates the cost of repairing all the homes in London that are in poor condition, calculating how long it would take the savings to pay off the repair costs. The analysis is broken down by tenure and compared with the same figures for the rest of England. Previous Housing Research Notes have analysed topics including housing supply, Help to Buy policy, short-term lettings, international comparisons, the factors behind increasing private rents and race equality. The Housing Research Notes are listed below in reverse date order: HRN 11 (2023) The cost of poor housing in London (November 2023) HRN 10 (2023) The affordability impacts of new housing supply: A summary of recent research (August 2023) HRN 09 (2023) Understanding recent rental trends in London’s private rental market (June 2023) HRN 08 (2022) Housing and race equality in London (March 2022) HRN 07 (2021) Who moves into social housing in London? (November 2021) HRN 06 (2021) An analysis of housing floorspace per person (February 2021) HRN 05 (2020) Intermediate housing: The evidence base (August 2020) HRN 04 (2020) Short-term and holiday letting in London (February 2020) HRN 03 (2019) Housing in four world cities: London, New York, Paris and Tokyo (April 2019) HRN 02 (2018) Help to Buy in London (September 2018) HRN 01 (2018) The profile of London's new homes in 2016/17: Analysis of the London Development Database (May 2018)

The UK Commercial Real Estate Market is Segmented by Property Type (Offices, Retail, Logistics, Others (industrial Real Estate, Hospitality Real Estate)), by Business Model (Sales and Rental), by End-User (Individuals / Households, Corporates & SMEs, Others) and by Region (England, Wales, Scotland, Northern Ireland). The Market Sizes and Forecasts are Provided in Terms of Value (USD).