The UK residential real estate market size reached USD 389.82 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 674.33 Billion by 2033, exhibiting a growth rate (CAGR) of 6.28% during 2025-2033. The rising urbanization, low mortgage rates, supportive government incentives, increased investment in rental properties, demographic shifts, and a growing preference for house ownership in the face of a recovering economy and lifestyle changes are some of the key factors influencing market growth.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 389.82 Billion |
Market Forecast in 2033 | USD 674.33 Billion |
Market Growth Rate (2025-2033) | 6.28% |
Rapid Urbanization
Urbanization is a fundamental driver of the demand of the residential real estate in the UK housing market. As more people migrate to urban areas seeking employment opportunities, education, and amenities, the demand for housing in cities continues to rise. For instance, according to industry reports, population of the UK was anticipated at 68.3 Million in mid-2023, which is an increase of 1.0% as compared to mid-2022. Additionally, urban areas such as London, Manchester, and Birmingham are experiencing high population growth, putting further pressure on the housing stock. This city migration not only pushes up house prices but also stimulates the construction of new residential schemes, ranging from high-rise residential blocks to mixed-use schemes. Therefore, local authorities and private developers are forced to invest in providing more affordable housing alternatives to serve the increasing number of people, creating even more market activity.
Shifts In Consumer Preferences
Changing consumer trends are also transforming the residential real estate market. The COVID-19 pandemic has significantly changed the way individuals perceive their homes, resulting in increased demand for spacious homes that support remote work and lifestyle shifts. Most buyers now focus on homes with home office space, outdoor spaces, and proximity to parks. There is also an increasing trend towards green living, with environmentally friendly homes becoming more popular. This movement has led developers to incorporate sustainable elements, including energy-saving devices and solar power, into new buildings. For instance, as per industry reports, eco-friendly homes typically commanded 10-15% higher prices than traditional homes, with premiums reaching 20% in cities like Brighton, Bristol, and Edinburgh, significantly influencing sustainable properties. Furthermore, as consumers become more environmentally conscious, properties that meet these criteria are increasingly favored, influencing overall market dynamics.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes condominiums and apartments and villas and landed houses.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Condominiums and Apartments, Villas and Landed Houses |
Regions Covered | London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: