There were estimated to be approximately 51,600 estate agents working in the United Kingdom as of the third quarter of 2024, compared with 55,500 in the previous quarter.

As of the second quarter of 2022, online agents had a market share of 7.4 percent of exchanges in the United Kingdom. Yorkshire and The Humber had the higher share of online purchases at almost 12 percent. Unlike other industries, the housing market has a relatively small online penetration rate as the overall cost and grandiosity of buying a home still encourages people into physical stores.

Average house prices

Average house prices are affected by several factors. Economic growth, unemployment, interest rates and mortgage availability can all drive them up or down. A shortage of supply means that the need for housing and the competitive market created will push house prices up. An excess of housing, on the other hand, means prices fall to stimulate buyers.

House price growth slowing down

After two years of a staggering house price growth, the UK housing market has started cooling down and in June 2022, the annual house price growth fell below eight percent - the lowest since July 2021. In the five-year period until 2026, London is forecast to see the slowest house price growth.

As of the fourth quarter of 2024, there were approximately 220,000 women employed in the real estate sector in the UK, compared with 171,000 men.

This statistic shows the first-half results of real estate agency groups in the United Kingdom in 2016 and 2017, by pre-tax profit (in million GBP). The United Kingdom currently witnesses a sharp division between traditional high street brands and upcoming online agencies, such as Purplebricks and Zoopla. Countrywide, the group which runs the UK’s largest chain of residential estate agency brands, suffered a decrease in pre-tax profit from 24.3 million pounds to 447,000 pounds in the first six months of 2017. The main reasons for this decline are the rise of online competitors, the uncertainty of the upcoming Brexit along with the introduction of a stamp duty surcharge for second and additional properties since April 2017. Between the third quarter of 2016 and the third quarter of 2017, the number of transactions made in property purchases and rentals by online agents reached approximately 14,000.

This statistic reveals the share of online estate agents total residential properties stock that was listed "under offer" on Zoopla in the United Kingdom in 2015. Nu:Move had 58 percent of its total stock listed on the property website, while Purplebricks, which had the highest number of properties listed on the site, had listed 36 percent of its stock.

Forecast: Number of Persons Employed of Real Estate Agencies in the UK 2023 - 2027 Discover more data with ReportLinker!

The average monthly stock per estate agent in the United Kingdom (UK) peaked in the end of 2020. As home buyer sentiment strengthened and the demand for housing rose, the available inventory decreased steadily and reached 40 properties per agent in January 2022.

Forecast: Number of Enterprises of Real Estate Agencies in the UK 2023 - 2027 Discover more data with ReportLinker!

In 2023, the UK Real Estate Market reached a value of USD 816.7 million, and it is projected to surge to USD 919.0 million by 2030.

This dataset provides information on 14,950 in United Kingdom as of March, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

This statistic presents distribution of opinions regarding the use of online estate agents, if the property was being sold "tomorrow", according to adults in the United Kingdom (UK) as of March 2016. Approximately 32 percent of people, which constituted the largest share, would properly look into the online estate agents services and maybe consider their services if they were to sell their home soon. In contrast, 19 percent would only use a traditional, local real estate agent.

United Kingdom PPI: Service: Property: Real Estate Agencies data was reported at 91.200 2005=100 in Sep 2013. This records an increase from the previous number of 90.700 2005=100 for Jun 2013. United Kingdom PPI: Service: Property: Real Estate Agencies data is updated quarterly, averaging 89.200 2005=100 from Mar 1996 (Median) to Sep 2013, with 71 observations. The data reached an all-time high of 116.500 2005=100 in Jun 2007 and a record low of 62.400 2005=100 in Mar 1996. United Kingdom PPI: Service: Property: Real Estate Agencies data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.I021: Producer Price Index: 2005=100: Service. Rebased from 2005=100 to 2010=100 Replacement series ID:299058704

This data collection consists of 18 interview transcripts meant to explore the rationales and methods by which investors in Hong Kong buy properties in the UK. The life and impact of the residential choices of the 'super rich' has been a major strand in research by the research team. This work advanced the proposition that the upper-tier of income groups living in cities tend to exploit particular forms of service provision (such as education, cultural life and personal services), are largely distanced from the mundane flow of social life in urban areas and tend to be withdrawn from the civic life of cities more generally. Some of this work is underpinned by the literature on, for example, gated communities, but it has surprisingly been under-used as the guiding framework for close empirical work in affluent neighbourhoods, perhaps largely as a result of the perceived difficulty of working with such individuals. This project will allow us to generate insights into how super-rich neighbourhoods operate, how people come to live there and the social and economic tensions and trade-offs that exist as such processes are allowed to run. As many people question the role and value of wealth and identify inequality as a growing social problem this research will feed into public conversations and policymaker concerns about how socially vital cities can be maintained when capital investment may undermine such objectives on one level (the creation of neighbourhoods that are both exclusive and often 'abandoned' for large parts of the year), while potentially fulfilling broader ambitions at others (over tax receipts for example).

Social research has tended not to focus on the super-rich, largely because they are hard to locate, and even harder to collaborate with in research. In this project we seek to address these concerns by focusing extensive research effort on the question of where and how the super-rich live and invest in the property markets of the cities of Hong Kong and London. We see these cities as exemplary in assisting in the construction of further insights and knowledge in how the super-rich seek residential investment opportunities, how they live there when they are 'at home' in such residences and how these patterns of investment shape the social, political and economic life of these cities more broadly. Given that the super-rich make such decisions on the basis of tax incentives and the attraction of major cultural infrastructure (such as galleries and theatre) we have proposed a program of research capable of offering an inside account of the practices that go to make-up these investment patterns including processes of searching for suitable property, its financing, the kinds of property deemed to be suitable and an analysis of how estate agents and city authorities seek to capitalise and retain the potentially highly mobile investment by the super-rich.

In economic terms the life and functioning of rich neighbourhood spaces appears intuitively important. For example, attractive and safe spaces for captains of industry, senior figures in political and non-government organizations are often regarded as major markers of urban vitality and the foundation of social networks that may make-up the broader glue of civic and political society. Yet we know very little about how such neighbourhoods operate, who they attract and how they are linked to other cities and their neighbourhoods globally. Our aim in this research is to grapple with what might be described as the 'problem' of these super-rich neighbourhoods - sometime called the 'alpha territory' - and undertake research that will help us to understand more about the advantages and disadvantages of these kinds of property investment.

There were 551,000 people employed by real estate businesses in the United Kingdom in 2021, with 114,000 of these employed working for large real estate enterprises that employed 500 or more people.

As of the fourth quarter of 2024, there were approximately 391,000 people employed in the real estate sector in the UK, compared with 192,000 in the first quarter of 2000.

According to Cognitive Market Research, The Global Property Management Service market was estimated at USD 14.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. Rising Demands for SaaS-based Property Management Software to Expand Market Penetration

Subscription-based SaaS solutions benefit companies of all sizes. Businesses increasingly use SaaS solutions to optimize operations by automating workflows and removing manual input. Businesses can also lower the cost and complexity of on-premises deployment by installing SaaS solutions. SaaS software assists large multifamily property management organizations integrate several technologies across their portfolio. In addition, the SaaS model is crucial for multi-vendor device compatibility with legacy systems.

For instance, Planon collaborated with AddOnn in March 2021 to combine AddOnn's SaaS solution with Planon's software platform for building and service digitalization to provide end-to-end solutions to end-users worldwide.

(Source:planonsoftware.com/uk/news/planon-and-addonn-launch-partnership-with-introduction-of-mobile-cleaning-solution/)

Employees in real estate organizations rely on up-to-date information to make vital decisions. SaaS systems allow users to access information from any location and device with internet connectivity. A SaaS platform can help property managers link their property solutions with sophisticated payment services for quick and easy transactions.

Evolving Trends of Workforce Mobility to Strengthen Market Share

Many employees nowadays prefer to work from home rather than in offices, corporate headquarters, or a global company branch. This contributes to the need for flexible access to office resources and data. Besides, organizations are using virtual workplaces to reduce their physical infrastructure requirements to a bare minimum, allowing them to be more flexible and use their office space better. Many businesses seek mobility, workplace, and other integrated facility management solutions. This enables property managers to retain productivity while working with a huge crew. These solutions can be used by associated real estate agents & property managers to maintain track of all the properties they manage and the routine maintenance that needs to be performed on them. As a result, the rising trend of workplace mobility is propelling the property management service industry forward.

For instance, Entrata Inc. reported the integration of Alexa with residential buildings in April 2021. This integration would enable property managers to monitor or set up Alexa-enabled devices in each unit, allowing them to create voice-controlled automated homes.

(Source:www.prnewswire.com/news-releases/entrata-enables-alexa-experience-at-scale-with-amazons-alexa-for-residential-301263114.html)

Market Dynamics of Property Management Service

Integration Complexity and Data Security Concerns to Limit Market Growth

One significant restraint property management software services face is the complexity of integrating with existing systems and databases. Many property management companies already have established tools for accounting, tenant communication, maintenance tracking, and more. Implementing new software solutions can lead to compatibility challenges and difficulties in transferring data seamlessly. Furthermore, as property management software handles sensitive information such as tenant details, financial records, and property documents, ensuring robust data security becomes critical. Any breaches or unauthorized access can lead to legal consequences, financial losses, and company reputation damage.

Impact of COVID-19 on the Property Management Service Market

The COVID-19 pandemic significantly impacted the property management service market, introducing shifts in tenant behavior, remote work trends, and economic uncertainties that prompted property managers to adapt their strategies. Lockdowns and travel restrictions decreased demand for short-term rentals, while remote work trends increased the significance of property amenities and flexible leasing options. Property managers incorporated virtual tours, contactless services, and enhanced sanitation measures to address safety concerns. Moreover, the pandemic accelerated the adoption of proptech solutions for remote property monitoring and digital communication, reshap...

Snapshot img

Residential Real Estate Market Size 2024-2028

The residential real estate market size is forecast to increase by USD 482.1 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth, driven by increasing demand from a growing population and urbanization trends. This demand is further fueled by marketing initiatives from real estate developers and agents, who are leveraging digital platforms and creative campaigns to attract buyers. However, regulatory uncertainty poses a challenge to market growth, with varying regulations and policies in different regions impacting investment decisions. For companies seeking to capitalize on market opportunities, it is essential to stay informed of regulatory changes and adapt strategies accordingly. Additionally, collaboration with local experts and partnerships with regulatory bodies can help navigate complex regulatory landscapes and ensure compliance. Overall, the market presents significant opportunities for growth, but requires a strategic approach to address regulatory challenges and effectively target demand. Companies that can navigate these challenges and adapt to local market conditions will be well-positioned to succeed in this dynamic market.

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

Request Free SampleThe market continues to exhibit activity, driven by strong economic fundamentals and population growth. In nominal terms, the market size reached an all-time high in the latest fiscal year, with discerning buyers demonstrating continued interest in spacious accommodations. However, macroeconomic headwinds, such as rising interest rates and inflation, pose challenges for some potential homebuyers. Economic factors, including GDP per capita and purchasing power, remain essential support for the housing market. Despite these conditions, property launches in the luxury residential sector have shown resilience, catering to the demand for high-end living spaces. Residential construction remains a critical component of the market, with new housing units being added to meet the growing demand for homes. Overall, the market is expected to remain a significant contributor to the economy, offering opportunities for both investors and homebuyers.

How is this Residential Real Estate Industry segmented?

The residential real estate 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. Mode Of BookingSalesRental/LeaseTypeApartments and condominiumsLanded houses and villasGeographyAPACChinaJapanNorth AmericaUSEuropeGermanyUKSouth AmericaMiddle East and Africa

By Mode Of Booking Insights

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

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

The Sales segment was valued at USD 896.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 54% 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 size of various regions, Request Free Sample

The market in the Asia Pacific (APAC) region held the largest market share in 2023 and is anticipated to continue leading the market growth during the forecast period. Key drivers of this expansion include population growth and increasing purchasing power, leading to a in demand for spacious accommodations. Rapid urbanization and economic fundamentals, such as GDP per capita, have fueled the construction of new housing units, particularly in countries like India and China. Furthermore, domestic demand and foreign homebuyers have contributed to the unsold inventory overhang, creating investment opportunities in underconstruction properties. Despite these positive indicators, challenges persist, including affordability concerns and critical input costs. In the context of the US housing market, the residential real estate sector offers investment opportunities through traditional options, such as home ownership and rental cash flow, as well as low-risk methods, like investment portfolios. Key economic factors, such as interest rates and supply metrics, impact residential property prices, which may vary in real and nominal terms. The market is also influenced by changing consumer preferences, regulatory reforms, and technological transformation, including home automation and cutting-edge strategies.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holi

Abstract copyright UK Data Service and data collection copyright owner.

The English Private Landlord Survey (EPLS) is a national survey commissioned by the Department for Levelling Up, Housing and Communities (DLUHC). It surveys private landlords and letting agents in England, and collects information about their circumstances, their properties, their tenants, and the possible impact of legislative and policy changes in the sector. The aim of the EPLS is to inform government understanding of the characteristics and experiences of landlords and how they acquire, let, manage and maintain privately rented accommodation.

Although the EPLS explores similar issues to previous government private landlord surveys, carried out in 2001, 2003, 2006 and 2010 (the 2010 study is available under SN 7114), it uses a new method and approach. Whereas previous surveys used face-to-face and telephone interviews with the sample drawn from the English Housing Survey, the EPLS uses an online survey with the sample drawn from landlords and agents with deposits registered with one of the three government-backed Tenancy Deposit Protection (TDP) schemes.

More information about this survey can be found on the GOV.UK English Private Landlord Survey webpage.

The English Private Landlord Survey, 2018 is an online survey of almost 8,000 landlords and agents all of whom are registered with one of the three government-backed Tenancy Deposit Protection (TDP) schemes.

Main Topics:
The questionnaire included questions about the landlord, the rental property and tenants, rental practice, rents and deposits, benefits and rent arrears, tenancies that ended, the landlord journey, future plans, landlord and agent concerns, finances and taxation and energy efficiency and safety.

As of May 2021, the average number of housing units per real estate agent in the UK ranged between 23 and 63. Agents in East Anglia had the lowest average number of listings. Supply shortage is also one of the reasons for the surging house prices in recent years.