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 2.2 and 3.9 percent in 2023. Over the five-year period, London is forecasted to measure annualized rental growth of 3.2 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.

Just as in many other countries, the housing market in the UK grew substantially during the coronavirus pandemic, fueled by robust demand and low borrowing costs. Nevertheless, high inflation and the increase in mortgage rates has led to house price growth slowing down. According to the forecast, 2024 is expected to see house prices decrease by three percent. Between 2024 and 2028, the average house price growth is projected at 2.7 percent. A contraction after a period of continuous growth In June 2022, the UK's house price index exceeded 150 index points, meaning that since 2015 which was the base year for the index, house prices had increased by 50 percent. In just two years, between 2020 and 2022, the index surged by 30 index points. As the market stood in December 2023, the average price for a home stood at approximately 284,691 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 years. Growth is forecast to be stronger in 2024 and slow down in the period between 2025 and 2028. The rental market in London is expected to follow a similar trend, with Central London slightly outperforming Greater London.

The UK residential rental market is poised for significant growth, with forecasts indicating a cumulative increase of nearly 18 percent by 2029. This surge is expected to be front-loaded, with a robust eight percent rise anticipated in 2024. 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.

The UK car rental market is poised for substantial expansion, increasing from USD 3,797.4 million in 2025 to USD 6,425.3 million by 2035. The market is expected to grow at a CAGR of 5.4% from 2025 to 2035.

Metric	Value
Industry Size (2025E)	USD 3,797.4 Million
Industry Value (2035F)	USD 6,425.3 Million
CAGR (2025 to 2035)	5.4%

Semi-Annual Market Update

Particular	Value CAGR
H1 2024	6.3% (2024 to 2034)
H2 2024	4.8% (2024 to 2034)
H1 2025	6.1% (2025 to 2035)
H2 2025	4.7% (2025 to 2035)

Per Capita Spending Analysis

Year	Population (millions)
2020	67.9
2021	68.3
2022	68.6
2023	69
2024	69.3

Year	Per Capita Spending (USD)
2020	18.82
2021	20.03
2022	22.68
2023	25.58
2024	29.03

Category-wise Insights

Segment (Car Type)	CAGR (2025 to 2035)
Economy Car	4.7%

Segment (End-Use)	CAGR (2025 to 2035)
On-Airport	5.2%

This statistic shows the house price forecasts for England and London from 2013 to 2020. In 2020, the estimated house price for home in London is 647,500 British pounds (GBP).

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)

This statistic shows the annual private rents forecast for England and London from 2013 to 2020. In 2020, the estimated annual rent for a home in London 22,249 British pounds (GBP).

The Report Covers UK Residential Real Estate Market Overview and Trends. The Market is Segmented by Type (Apartments and Condominiums and Landed Houses and Villas) and by Key Regions (England, Wales, Northern Ireland, Scotland, and Other Regions).

As of June 2020, listed office real estate companies had a market capitalization of 66.6 billion euros, while multifamily housing companies' market cap stood at 53.9 billion euros. The third leading sector was retail with a market cap of approximately 20.5 billion euros. Market capitalization measures the equity value of a company and shows how much a public company is worth.

Which real estate asset classes have the best prospects in 2021? The forecast average annual return on investment in the real estate sector varies between different asset classes. Residential real estate in the UK is expected to have the highest average returns, more than three times higher than retail. According to industry experts, data centers and logistic facilities will have some of the best investment and development prospects in Europe in 2021.

Which are the European cities with the best investment and development prospects in Europe? There are many factors that play a role in an investment decision: a city’s economic performance, transport connectivity, forecast real estate returns, availability opportunities for new development, market size and liquidity, governance, digital connectivity, attractiveness to talent, and affordability. In 2021, Berlin, London, and Paris were named the cities with best investment and development prospects in Europe.

The revenue in the 'Vacation Rentals' segment of the travel & tourism market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 0.6 billion U.S. dollars (+12.79 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 5.24 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Vacation Rentals' segment of the travel & tourism market was continuously increasing over the past years.Find other key market indicators concerning the number of users and average revenue per user (ARPU). The Statista Market Insights cover a broad range of additional markets.

Conditions in the residential and commercial property markets heavily impacts revenue for removal services. Demand is also influenced by customers' willingness to spend on the range of extras specialist removal companies offer. Brexit led to an uptick in corporate relocations, with many multinational companies seeking to move from London to other places in Europe, with Dublin being the most popular location. The COVID-19 pandemic had a mixed impact on removal service providers. It initially led to a standstill in the housing market, with people opting to wait until they had greater certainty over their financial situation before moving house. However, government policies post-pandemic stimulated the housing market, like the National Planning Policy Framework, significantly ramped up demand for home removals, helping to prevent a complete collapse in profit. In terms of corporate relocations, the pandemic was a tough time for businesses, with an average of 48 retail, dining and hospitality outlets going out of business each day in 2020, according to the Local Data Company. These companies and the ones that would eventually replace them required moving services, helping to boost revenue. Residential transactions fell in 2023-24 as high borrowing costs dissuaded people from buying houses and companies from relocating, although subsiding inflation and interest rate cuts in 2024-25 expanded residential transactions, limiting this revenue dip. Over the five years through 2024-25, revenue is forecast to contract at a compound annual rate of 1.4% to reach £1.2 billion, despite being expected to climb by 1.2% in 2024-25. Looking forward, the UK's housing shortage presents a ceiling to revenue associated with home moving. Pent-up consumer demand to move homes when economic headwinds subside presents an opportunity for expanded growth. Profit will be constrained by investment into electric fleets and establishing online platforms, although this will bring long-term benefits, including greater contract winning. Over the five years through 2029-30, revenue is forecast to grow at a compound annual rate of 2.1% to reach just under £1.4 billion.

The statistic displays a five year forecast for house price growth in the United Kingdom (UK) from 2020 to 2024, revised with the coronavirus (covid-19) impact on the market. According to the forecast, 2020 and 2021 will likely see a slower to no increase in house prices followed by a gradual recovery between 2022 and 2024. North West, North East, Yorkshire & the Humber, and Scotland prices are forecast to bounce back quicker than other UK regions with higher five year price increase.

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.

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.

Rental rates of high street and shopping center properties in the UK increased in 2023, exceeding the 2019 levels. In the fourth quarter of 2023, the net effective rent increased by 10.2 percent from 2019. That ended a nearly three-year period of a decline in rents. Headline rent refers to the rental rate written in the lease, but this often differs from the effective rent paid due to rent-free periods or other inducements offered by the landlord. Prime retail rents in Europe are forecast to rise by 2027. However, in London, this increase is expected to remain below average for the region.

The industrial real estate sector is forecasted to see the highest annualized rental growth in the UK between 2024 and 2028, followed by West End offices. According to the forecast, industrial real estate rents are expected to grow by 3.2 percent per year in this period, while West End office space rents are expected to increase by 2.7 percent. When it comes to total commercial real estate returns in the UK, the industrial and retail warehousing sectors are forecast to outperform all other property types.

In May 2024, Greater London recorded an average void period of 18 days, reflecting a slight increase from the previous months. This places London among the regions with shorter void periods, while the West Midlands experienced a longer average of 25 days. Understanding the trends of void period lengths could enable a landlord plan accordingly to minimize the impact on their expected income through careful cost planning and budgeting. According to landlords, the demand for rental properties has increased significantly.

The number of users in the 'Car Rentals' segment of the shared mobility market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 1.3 million users (+19.73 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 7.87 million users and therefore a new peak in 2029. Notably, the number of users of the 'Car Rentals' segment of the shared mobility market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and revenue. The Statista Market Insights cover a broad range of additional markets.

According to the forecast, house prices in London are expected to fall slightly in 2024, followed by a recovery in the following years. The decline can be explained with the cost of living crisis and the dramatic increase in borrowing costs. As the economy recovers in the next five-years, house prices for mainstream properties are forecast to rise by almost 14 percent. In 2023, the average house price in London ranged between 350,000 British pounds and 1.4 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.