According to the forecast, the North East and Wales are the regions in the United Kingdom estimated to see the highest overall growth in house prices over the five-year period between 2024 and 2028. Just behind are North West, Yorkshire & the Humber, and Scotland, which are forecast to see house prices increase by **** percent over the five-year period. In London, house prices are expected to rise by **** percent.

After a period of rapid increase, house price growth in the UK has moderated. In 2025, house prices are forecast to increase by ****percent. Between 2025 and 2029, the average house price growth is projected at *** percent. According to the source, home building is expected to increase slightly in this period, fueling home buying. On the other hand, higher borrowing costs despite recent easing of mortgage rates and affordability challenges may continue to suppress transaction activity. Historical house price growth in the UK House prices rose steadily between 2015 and 2020, despite minor fluctuations. In the following two years, prices soared, leading to the house price index jumping by about 20 percent. As the market stood in April 2025, the average price for a home stood at approximately ******* 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 five years. Growth is forecast to be stronger in 2025 and slow slightly until 2029. The rental market in London is expected to follow a similar trend, with Outer London slightly outperforming Central London.

Industrial real estate is forecast to experience the highest annualized capital growth in the commercial real estate sector in the UK between 2025 and 2029. On average, capital values for commercial property are expected to increase by ***** percent per year, while for industrial real estate, that figure amounted to *** percent. Additionally, industrial is forecast to experience the ******-highest return on investment in the commercial property sector.

The Gross Domestic Product (GDP) in the United Kingdom expanded 1.30 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

These National Statistics provide monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. National Statistics are accredited official statistics.

England and Northern Ireland statistics are based on information submitted to the HM Revenue and Customs (HMRC) Stamp Duty Land Tax (SDLT) database by taxpayers on SDLT returns.

Land and Buildings Transaction Tax (LBTT) replaced SDLT in Scotland from 1 April 2015 and this data is provided to HMRC by https://www.revenue.scot/" class="govuk-link">Revenue Scotland to continue the time series.

Land Transaction Tax (LTT) replaced SDLT in Wales from 1 April 2018. To continue the time series, the https://gov.wales/welsh-revenue-authority" class="govuk-link">Welsh Revenue Authority (WRA) have provided HMRC with a monthly data feed of LTT transactions since July 2021.

LTT figures for the latest month are estimated using a grossing factor based on data for the most recent and complete financial year. Until June 2021, LTT transactions for the latest month were estimated by HMRC based upon year on year growth in line with other UK nations.

LTT transactions up to the penultimate month are aligned with LTT statistics.

Go to Stamp Duty Land Tax guidance for the latest rates and information.

Go to Stamp Duty Land Tax rates from 1 December 2003 to 22 September 2022 and Stamp Duty: rates on land transfers before December 2003 for historic rates.

The latest release was published 09:30 27 June 2025 and was updated with provisional data from completed transactions during May 2025.

The next release will be published 09:30 31 July 2025 and will be updated with provisional data from completed transactions during June 2025.

https://webarchive.nationalarchives.gov.uk/ukgwa/20240320184933/https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above" class="govuk-link">Archive versions of the Monthly property transactions completed in the UK with value of £40,000 or above are available via the UK Government Web Archive, from the National Archives.

The industrial real estate sector and West End offices are forecasted to see the highest annualized rental growth in the UK between 2025 and 2029, followed by city offices. According to the forecast, industrial real estate and West End office space rents are expected to grow by *** percent per year in this period, while city office space rents are expected to increase by *** percent. When it comes to total commercial real estate returns in the UK, the industrial and shopping center sectors are forecast to outperform all other property types.

United Kingdom Residential Real Estate Market is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), and by Region (England, Scotland, Wales and Northern Ireland). The Market Forecasts are Provided in Terms of Value (USD)

The financial and operational success of property development markets depends on a range of socio-economic factors, such as property values, market sentiment and credit conditions. Building project developers' revenue is forecast to slide at a compound annual rate of 3.2% to £35.8 billion over the five years through 2024-25. The economic shock caused by the pandemic had a devastating impact on property development market in 2020-21. Severe supply chain and market disruption caused sentiment to wane and transaction activity fell, while property values initially depreciated and rental fee income stalled. Revenue rebounded in 2021-22, aided by low interest rates, house price inflation and a stronger than anticipated initial economic recovery from the pandemic. Nonetheless, revenue remained below pre-pandemic levels as growth was hindered by a further net deficit on revaluation of assets and lower rental income in office and brick-and-mortar retail markets. The fallout from the pandemic has caused developers to re-align investment towards lower-risk real estate markets which are likely to be more resilient to price shocks. Inaflationary pressures and rising interest rates spurred a further hit to portfolio valuations, discouraging developers from pursuing new developments. Revenue is forecast to grow by 2.5% in the current year, as interest rate cuts spur renewed growth in property values. Revenue is slated to climb at a compound annual rate of 1.3% to reach £38.2 billion over the five years through 2029-30. Following recent interest rate cuts, more stable economic conditions are set to continue to support improved sentiment in the near-term, spurring developers to pursue new ventures. Opportunities for growth are set to be most prominent in high-yield office markets and the technology sector, with growing use of artificial intelligence set to drive demand for the development and construction of data centres. Loosened planning policy is set to drive momentum in residential real estate markets, though more will need to be done for the government to achieve ambitious housebuilding targets.

The statistic displays a **** 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 **** year price increase.

Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.

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

GDP per capita growth (annual %) in United Kingdom was reported at 0.0287 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

What does the data show?

The dataset is derived from projections of seasonal mean wind speeds from UKCP18 which are averaged to produce values for the 1981-2000 baseline and two warming levels: 2.0°C and 4.0°C above the pre-industrial (1850-1900) period. All wind speeds have units of metres per second (m / s). These data enable users to compare future seasonal mean wind speeds to those of the baseline period.

What is a warming level and why are they used?

The wind speeds were calculated from the UKCP18 local climate projections which used a high emissions scenario (RCP 8.5) where greenhouse gas emissions continue to grow. Instead of considering future climate change during specific time periods (e.g., decades) for this scenario, the dataset is calculated at two levels of global warming relative to the pre-industrial (1850-1900) period. The world has already warmed by around 1.1°C (between 1850–1900 and 2011–2020), so this dataset allows for the exploration of greater levels of warming.

The global warming levels available in this dataset are 2°C and 4°C in line with recommendations in the third UK Climate Risk Assessment. The data at each warming level were calculated using 20 year periods over which the average warming was equal to 2°C and 4°C. The exact time period will be different for different model ensemble members. To calculate the seasonal mean wind speeds, an average is taken across the 20 year period. Therefore, the seasonal wind speeds represent those for a given level of warming.

We cannot provide a precise likelihood for particular emission scenarios being followed in the real world in the future. However, we do note that RCP8.5 corresponds to emissions considerably above those expected under current international policy agreements. The results are also expressed for several global warming levels because we do not yet know which level will be reached in the real climate; the warming level reached will depend on future greenhouse emission choices and the sensitivity of the climate system, which is uncertain. Estimates based on the assumption of current international agreements on greenhouse gas emissions suggest a median warming level in the region of 2.4-2.8°C, but it could either be higher or lower than this level.

What are the naming conventions and how do I explore the data?

The columns (fields) correspond to each global warming level and two baselines. They are named 'windspeed' (Wind Speed), the season, warming level or baseline, and ‘upper’ ‘median’ or ‘lower’ as per the description below. For example, ‘windspeed winter 2.0 median’ is the median winter wind speed for the 2°C projection. Decimal points are included in field aliases but not field names; e.g., ‘windspeed winter 2.0 median’ is ‘ws_winter_20_median’.

To understand how to explore the data, see this page: https://storymaps.arcgis.com/stories/457e7a2bc73e40b089fac0e47c63a578

What do the ‘median’, ‘upper’, and ‘lower’ values mean?

Climate models are numerical representations of the climate system. To capture uncertainty in projections for the future, an ensemble, or group, of climate models are run. Each ensemble member has slightly different starting conditions or model set-ups. Considering all of the model outcomes gives users a range of plausible conditions which could occur in the future.

For this dataset, the model projections consist of 12 separate ensemble members. To select which ensemble members to use, seasonal mean wind speeds were calculated for each ensemble member and then ranked in order from lowest to highest for each location.

The ‘lower’ fields are the second lowest ranked ensemble member. The ‘upper’ fields are the second highest ranked ensemble member. The ‘median’ field is the central value of the ensemble.

This gives a median value, and a spread of the ensemble members indicating the range of possible outcomes in the projections. This spread of outputs can be used to infer the uncertainty in the projections. The larger the difference between the lower and upper fields, the greater the uncertainty.

‘Lower’, ‘median’ and ‘upper’ are also given for the baseline periods as these values also come from the model that was used to produce the projections. This allows a fair comparison between the model projections and recent past.

Data source

The seasonal mean wind speeds were calculated from daily values of wind speeds generated from the UKCP Local climate projections; they are one of the standard UKCP18 products. These projections were created with a 2.2km convection-permitting climate model. To aid comparison with other models and UK-based datasets, the UKCP Local model data were aggregated to a 5km grid on the British National grid; the 5km data were processed to generate the seasonal mean wind speeds.

Useful links

Further information on the UK Climate Projections (UKCP). Further information on understanding climate data within the Met Office Climate Data Portal.

BOE Forecast: GDP per Hour Worked: YoY data was reported at 1.000 % in 2021. This records a decrease from the previous number of 1.250 % for 2020. BOE Forecast: GDP per Hour Worked: YoY data is updated yearly, averaging 1.000 % from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 1.250 % in 2020 and a record low of 0.500 % in 2017. BOE Forecast: GDP per Hour Worked: YoY data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.G043: Output Per Hour Worked: Year on Year Growth: Forecast.

Wages in the United Kingdom increased 5 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.70 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The UK elevator and escalator market was valued at 8.21 thousand units in 2024 and is expected to reach 9.87 thousand units by 2030, growing at a CAGR of 3.11% during the forecast period.

Population figures over a 25-year period, by five-year age groups and sex for local authorities in England. 2022-based datasets are the latest projection.

According to Cognitive Market Research, the global Induction Motors market size is USD XX million in 2024 and will expand at onstruction Equipmenta compound annual growth rate (CAGR) of XX % from 2025 to 2033

• North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX % from 2025 to 2033.

• Europe accounted for a share of over XX% of the global market size of USD XX million.

• Asia Pacific held the market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX % from 2025 to 2033.

• Latin America market of more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX from 2025 to 2033.

• Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX % from 2025 to 2033.

Market Dynamics of Global Induction Motor Market

Key Driver of Induction Motor Market

Induction Motors used for Industries is driving the market to grow.

Motors are applied to numerous industrial processes today, which are vital to the productivity of the enterprise. Currently, each manufacturing firm endeavors to achieve maximized production efficiency as its chief objective. Since induction motors are economical, heavy-duty, maintenance-free, and can function under any environmental condition, they are being applied widely in mining, cement, automobile, oil and gas, and manufacturing sectors. They are used in pumps, lifts, hoists, electric shavers, cranes, crushers, oil extracting machinery, etc. Growing concern for environmental protection in all industries also supports the growth of induction motors, as they possess a low rate of emission. Over the last few years, the population moved from rural to urban locations in pursuit of employment, thereby causing urbanization. For Instance, as per Unites Nations 55% of the World's population resides in Urban Areas and the number is anticipated to grow to 68% by 2050. (Source:https://www.un.org/uk/desa/68-world-population-projected-live-urban-areas-2050-says-un ) Motors are applied to numerous industrial processes today, which are vital to the productivity of the enterprise. Currently, each manufacturing firm endeavors to achieve maximized production efficiency as its chief objective. Since induction motors are economical, heavy-duty, maintenance-free, and can function under any environmental condition, they are being applied widely in mining, cement, automobile, oil and gas, and manufacturing sectors. They are used in pumps, lifts, hoists, electric shavers, cranes, crushers, oil extracting machinery, etc. Growing concern for environmental protection in all industries also supports the growth of induction motors, as they possess a low rate of emission. Over the last few years, the population moved from rural to urban locations in pursuit of employment, thereby causing urbanization. For Instance, as per Unites Nations 55% of the World's population resides in Urban Areas and the number is anticipated to grow to 68% by 2050. (Source:https://stat.unido.org/portal/storage/file/publications/qiip/World_Manufacturing_Production_2024_Q1.pdf ) Taking into consideration the increased demand, a number of induction motor suppliers are engaged in producing newer kinds of induction motors with unique functionality to address diverse needs of emerging industrial application scenarios. Trends such as these are anticipated to boost the expansion of the induction motor market over the next few years.

Key Restraints of Global Induction Motor Market

High Initial Costs Maintenance and Operational Costs Can Hamper the Market

Among the most important constraints in the induction motor market is the stringent initial investment required for installation and maintenance. Although induction motors are adopted broadly across many applications in industry for their reliability, simplicity, and efficiency, the initial capital outlay may discourage some companies, particularly small and medium enterprises (SMEs), from adopting...