Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in United Kingdom has shown significant growth and development in recent years.
Customer preferences: One of the key customer preferences in the UK Real Estate market is the desire for properties with modern amenities and energy-efficient features. Buyers and tenants are increasingly looking for properties that offer sustainable living options and reduce their carbon footprint. Additionally, there is a growing demand for properties located in urban areas that provide easy access to amenities such as schools, hospitals, and shopping centers.
Trends in the market: One of the major trends in the UK Real Estate market is the rise of co-living spaces. With the increasing cost of living and limited housing supply in major cities like London, many individuals are opting for co-living arrangements where they can share living spaces and amenities with other like-minded individuals. This trend is particularly popular among young professionals and students who are looking for affordable housing options in prime locations. Another trend in the market is the growing popularity of build-to-rent developments. These are purpose-built rental properties that offer high-quality amenities and services to tenants. Build-to-rent developments are gaining traction as they provide a hassle-free renting experience and cater to the needs of the growing rental market in the UK.
Local special circumstances: In the UK, one of the local special circumstances that has influenced the Real Estate market is the impact of Brexit. The uncertainty surrounding the UK's exit from the European Union has led to fluctuations in the market and affected investor confidence. However, despite the initial uncertainty, the Real Estate market in the UK has shown resilience and continued to attract both domestic and international investors.
Underlying macroeconomic factors: Several underlying macroeconomic factors have contributed to the development of the Real Estate market in the UK. The low interest rate environment has made borrowing more affordable, encouraging individuals to invest in properties. Additionally, the population growth and urbanization in major cities have increased the demand for housing, leading to a rise in property prices. Furthermore, the government's initiatives to support the Real Estate market, such as the Help to Buy scheme and favorable tax policies for property investors, have also played a role in the market's growth. These factors, combined with the stability of the UK economy, have created a favorable environment for the Real Estate market to thrive. In conclusion, the Real Estate market in the United Kingdom has experienced significant growth and development due to customer preferences for modern amenities and energy-efficient features, as well as the rise of co-living spaces and build-to-rent developments. The impact of Brexit and underlying macroeconomic factors such as low interest rates and population growth have also influenced the market. Despite the challenges and uncertainties, the UK Real Estate market remains an attractive investment option for both domestic and international investors.
Data coverage:
Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
