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.
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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 UK residential rental market is poised for significant growth, with forecasts indicating a cumulative increase of nearly ** percent by 2029. This surge is expected to be front-loaded, with a robust ***** 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 median monthly rent recorded between 1 April 2018 and 31 March 2019 in England was £695, from a sample of 504,970 rents.
This release provides statistics on the private rental market for England. The release presents the mean, median, lower quartile and upper quartile total monthly rent paid, for a number of bedroom/room categories. This covers each local authority in England, for the 12 months to the end of March 2019. Geographic (choropleth) maps have also been published as part of this release.
As of the second quarter of 2024, there were nearly 116,000 build-to-rent homes in the United Kingdom, the majority of which were apartments in multifamily housing. Additionally, over 45,000 homes were in construction, and 105,000 were in planning. Build-to-rent refers to homes that are built specifically for renting rather than for sale. They differentiate from traditional rent homes with their focus on the provision of services, i.e. professional on-site management, shared spaces, work zones, fitness centers. A substantial share of the built-to-rent stock is concentrated in London.
England had the largest number of build to rent (BTR) homes in the UK in 2025, with ******* completed units in single-family and multifamily housing. Additionally, there were nearly ****** units under construction and ****** units in planning. Build to rent refers to homes that are built specifically for renting rather than for sale. They differentiate from traditional rent homes with their focus on the provision of as services, i.e. professional on-site management, shared spaces, work zones, fitness centers.
The release presents the mean (average), median, lower quartile, and upper quartile gross monthly rent paid (ignoring any adjustment for services not eligible for housing benefit), for a number of bedroom/room categories (see methodology section) for each local authority (LA) in England for the 12 months to the end of March 2014.
For all tables, where the calculated statistics are derived from fewer than 10 observations, these statistics will be suppressed and appear as ‘-‘.
The release presents the mean, median, lower quartile and upper quartile total monthly rent paid, for a number of bedroom categories. This covers each local authority in England, for the 12 months to the end of September 2016. Geographic maps are included with this publication, in a series of PDF files, by region.
This timeline presents the value of the film on video rental market in the United Kingdom in the years from 2001 to 2018. The highest value of the physical rental market was 494 million British pounds in 2001. Market value was significantly lower in 2018, at 30million British pounds. The number of rental transactions also fell during this period, from 198 million in 2001 to eight million in 2018.
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Rental price statistics historical data time series (indices and annual percentage change). These are official statistics in development.
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The industry covers the renting and leasing of other personal and household goods to industries or households. Goods include textiles, furniture, jewellery, books, electornic equipment used in the house and flowers and plants.
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United Kingdom Truck Leasing and Rental market was valued at USD 8.50 billion in 2024 and is anticipated to grow USD 12.83 billion by 2030 with a CAGR of 7.15%
Pages | 81 |
Market Size | 2024: USD 8.50 Billion |
Forecast Market Size | 2030: USD 12.83 Billion |
CAGR | 2025-2030: 7.15% |
Fastest Growing Segment | Online |
Largest Market | England |
Key Players | 1. Centurion Truck Rental 2. Nationwide Hire UK 3. Fraikin Limited 4. Europcar International S.A.S.U. 5. Ryder System, Inc. 6. Mac’s Truck (Rental Leasing Co Ltd) 7. Dawsongroup plc. 8. Hexagon Leasing Limited 9. MC Group 10. Eurotrail UK Limited |
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The UK car rental market is anticipated to experience substantial growth, expanding from USD 3.80 billion in 2025 to approximately USD 6.43 billion by 2035 at a CAGR of 5.4% throughout the forecast period.
Metric | Value |
---|---|
Industry Size (2025E) | USD 3.80 billion |
Industry Value (2035F) | USD 6.43 billion |
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 |
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Companies rent or lease office equipment to preserve their cash flow and benefit from tax breaks. Leasing equipment is common for start-ups because it significantly reduces how much they have to shell out to start operations; this means growth in the number of UK businesses is vital to revenue expansion. Providers that offer flexible terms, specialist technology, secure print features and streamlined online leasing processes have a better chance of staying ahead in this competitive market. Revenue is expected to inch downwards at a compound annual rate of 1% over the five years through 2025-26 to £735.9 million, including a forecast hike of 0.6% in 2025-26. The industry has contended with mixed conditions in recent years, shaped largely by changing business confidence and price competition. Poor economic conditions drove down business confidence over the two years through 2023-24, pushing many to rent or lease office equipment, particularly printers and peripherals, to protect cash flow and avoid large upfront expenses. At the same time, though, lower retail prices have made buying equipment more affordable, prompting leasing providers to cut their rates to remain attractive, which eats into profit. Low prices also mean that buyers currently hold strong bargaining power, due to increased competition among retailers and online suppliers giving businesses plenty of cost-effective options. There’s been some variation in the performance of different products in different markets; while the leasing of traditional printers and copiers has slowed as businesses shift toward digital solutions, industries like healthcare, finance and government still rely heavily on secure physical document handling. Revenue is forecast to swell at a compound annual rate of 1.4% over the five years through 2030-31 to £788 million. Cost-conscious companies will continue to rent or lease computer hardware and office furniture in order to protect their cash flow. Businesses are set to gain confidence and spend more in the coming years, boosting office equipment renting and leasing activity. The development of new computers should also drive growth, as businesses are always looking for the most up-to-date equipment to work more efficiently – with leases, they can update their computers regularly without having to spend as much.
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Revenue is forecast to dip at a compound annual rate of 1.3% over the five years through 2024-25 to £33 billion. Revenue plummeted in 2020-21 as the pandemic dampened property management activity. Property managers enjoyed a sharp recovery in revenue during 2021-22, aided by soaring house prices amid low interest rates. In 2022-23, rent prices skyrocketed as landlords contended with rising interest rates and tax hikes. Competition for housing remained fierce in 2023-24, pushing up rental prices and supporting revenue for property managers. Despite this, revenue slipped overall as non-residential property transactions climbed, with new owners choosing to manage the properties themselves or refurbish or repurpose the property before leasing it out again. Revenue looks set to climb by 2.5% over 2024-25 as rents remain high. Build-to-rent sector growth has proved fruitful for property management companies. According to Knight Frank, in January 2025, more than 22,300 BTR homes were completed in 2024, marking a year of record delivery for the BTR sector. Revenue from the commercial sector is likely to grow, as companies may decide now’s a good time to upgrade their offices thanks to falling interest rates in 2024-25, lifting profit. Over the five years through 2029-30, property management services revenue is slated to swell at a compound annual rate of 2.4% to reach £37.1 billion. The rental market will continue gaining momentum amid upcoming regulatory changes, ramping up costs for landlords and driving commission fee income. House prices look set to remain high, at least in the short term, keeping some prospective homeowners in the rental market. Business confidence will remain somewhat constrained, though Capital Economics forecasts the base rate to fall to 3.5% by early 2026, which should boost investment volumes, increasing demand for property management services. The government's goal to construct 1.5 million homes by 2029 will benefit the industry. Approximately £3 billion of the £5 billion housing budget is earmarked for additional guarantees to SME house builders and build-to-rent developers, indicating ongoing government backing for the private sector. This support for housebuilding initiatives is set to broaden the client base available to property management companies, fostering revenue growth.
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The UK construction equipment rental market is expected to reach USD 5.57 billion by 2029 from USD 3.82 billion in 2022, growing at a CAGR of 5.54%.
The total turnover of the equipment rental market in the United Kingdom fluctuated widely over the last decade with a positive trend. By 2021, the equipment rental market turnover in the UK reached 5.9 billion euros and is forecasted to exceed 6.7 billion euros by 2023.
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The United Kingdom Car Rentals Market Report is Segmented by Rental Duration (Short-Term and Long-Term), Booking Type (Online and Offline), Application (Leisure/Tourism and Business/Corporate), Vehicle Class (Economy, Standard, and Premium / Luxury), Propulsion Type (ICE, Hybrid, and BEV), End-User (Individual and More), Booking Channel (Airport and More), and Geography. Market Forecasts are Provided in Terms of Value (USD).
UK Online Home Rental Services Market Size 2025-2029
The UK online home rental services market size is forecast to increase by USD 1.05 billion at a CAGR of 10.4% between 2024 and 2029.
The Online Home Rental Services Market is witnessing significant growth, driven by the ascendancy of hybrid and flexible rental models. These models offer increased convenience and flexibility to renters, allowing them to choose from a wide range of properties and lease durations. However, ensuring trust and security in online transactions remains a critical challenge. With the increasing prevalence of cyber threats and data breaches, renters demand robust security measures to protect their personal and financial information. Regulatory hurdles also impact adoption, as governments worldwide introduce new regulations to govern the online rental market. These regulations aim to protect consumers and ensure fair business practices, but they can add complexity and increase operational costs for rental service providers. Growth in demand for tiny home structures is the primary trend in the online home rental services market.
To capitalize on market opportunities and navigate challenges effectively, companies must prioritize security and regulatory compliance while continuing to innovate and offer competitive pricing and flexible rental options. By addressing these challenges head-on, online home rental services can continue to disrupt traditional rental markets and meet the evolving needs of modern renters. The integration of Internet of Things (IoT) technology with building automation software is a key trend driving market expansion.
What will be the size of the UK Online Home Rental Services Market during the forecast period?
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In the dynamic online home rental services market, outdoor activities and travel itineraries continue to be popular trends among travelers. To cater to this demand, transportation services integration and travel safety features are increasingly prioritized by property management software. Travel trends indicate a shift towards environmental sustainability and community engagement, making property portfolio management an essential investment opportunity. Destination marketing, travel recommendations, and customer loyalty programs are key strategies for attracting renters. Smart home technology, including keyless entry, voice assistants, and home automation, enhances the rental experience.
Rental yield analysis, pricing algorithms, and dynamic pricing help property owners maximize income. Travelers seek local attractions, shopping and entertainment, food and beverage options, and cultural experiences when choosing a rental property. Travel insurance, ethical travel practices, and guest feedback analysis are crucial components of responsible travel. Property value assessment and rental income tracking are essential for effective property management.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
Flats
Semi-detached houses
Detached houses
Service
Economy
Mid-range
Premium
Rental Category
Monthly
Weekly
Daily
Yearly
End-user
Resident
Tourist
Geography
Europe
UK
By Type Insights
The flats segment is estimated to witness significant growth during the forecast period. The online home rental services market in the US is characterized by its technological advancements and diverse offerings. Payment processing systems ensure secure transactions, while guest safety and insurance provide peace of mind for property owners. Business travelers and families seek user-friendly platforms for booking short-term and holiday rentals, with automated processes simplifying the rental agreement and calendar synchronization. Digital marketing strategies, including search engine optimization and social media marketing, expand market reach. Seasonal rentals cater to varying demand, and property amenities enhance the user experience. Property management systems offer data analytics and pricing optimization for rental income and property taxes. Renewable energy solutions and building information modeling are essential trends in the market, as businesses and organizations strive for sustainability and cost savings.
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The Flats segment was valued at USD 648.10 million in 2019 and showed a gradual increase during the forecast period. Artificial Intelligence (AI) and energy management systems work in tandem to optimize energy usage in smart buildings, reducing operational costs and enhancing overall sustainability. Artificial intelligence and machine learning facilitate pred
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The United Kingdom car rental market, valued at approximately £X million in 2025 (assuming a market size 'XX' represents a value in millions of pounds, a reasonable assumption given the context), is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 13.70% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing popularity of domestic and international tourism contributes significantly, with leisure travelers increasingly opting for car rentals for greater flexibility and exploration beyond public transportation networks. Furthermore, the growth of the business travel sector, coupled with the rising preference for convenient and independent transportation solutions, further bolsters market demand. The expansion of online booking platforms simplifies the rental process, attracting a broader customer base and facilitating efficient price comparisons. The market is segmented by rental duration (short-term and long-term), booking type (online and offline), application type (leisure/tourism and business), and vehicle type (budget/economy and premium/luxury). While the market faces restraints such as fluctuating fuel prices and potential economic downturns impacting discretionary spending, the overall growth trajectory remains positive. Key players like Avis, Enterprise, Europcar, Hertz, Sixt, and Uber (through its ride-sharing and rental services) are actively competing in this dynamic market, continuously innovating to cater to evolving customer preferences and technological advancements. The segmentation of the UK car rental market allows for targeted strategies. The short-term rental segment is expected to dominate, driven by tourist traffic. However, the long-term rental segment is showing promising growth, spurred by increasing demand from relocation services and individuals seeking temporary car solutions. Online booking is gaining substantial traction due to ease of access and comparative pricing, surpassing offline channels. The premium/luxury segment is likely experiencing higher growth compared to the budget/economy segment, reflecting a shift towards higher spending on travel experiences. Regional variations exist within the UK market; regions with significant tourist attractions and business centers will likely exhibit higher growth rates compared to less densely populated areas. Future market dynamics will depend on factors such as government regulations regarding emissions and autonomous vehicle adoption, which could significantly impact the landscape. Recent developments include: In April 2022, For its app users in the UK, Uber Technologies on Wednesday revealed expansion ambitions to encompass buses, trains, flights, and rental car business.. Notable trends are: Growing Demand for Tour and Travel Activities.
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.