Key regions: France, United Kingdom, Australia, Japan, China
The Residential Real Estate Leases market in United Kingdom has seen significant developments and trends in recent years. Customer preferences, local special circumstances, and underlying macroeconomic factors have all played a role in shaping the market. Customer preferences have shifted towards more flexible lease terms and amenities. Many tenants are looking for shorter lease periods and the option to renew or terminate their lease early. This trend is driven by changing lifestyles and the desire for more flexibility in housing arrangements. Additionally, tenants are increasingly seeking properties that offer amenities such as gyms, communal spaces, and concierge services. These preferences have led to an increase in the availability of serviced apartments and co-living spaces in the market. Trends in the market also reflect the influence of global and regional factors. The growth of the sharing economy, with platforms like Airbnb, has impacted the residential real estate leasing market. Many landlords are now offering their properties for short-term rentals, catering to tourists and business travelers. This trend has created new opportunities for property owners and investors, but has also raised concerns about the impact on local housing availability and affordability. Local special circumstances in the United Kingdom have also shaped the residential real estate leasing market. The high demand for rental properties, particularly in major cities like London, has led to a shortage of supply. This has resulted in rising rental prices, making it more difficult for some tenants to find affordable housing. The government has implemented various policies and initiatives to address this issue, including the introduction of rent controls and affordable housing schemes. These efforts aim to provide more affordable options for tenants and create a more balanced rental market. Underlying macroeconomic factors have also influenced the developments in the residential real estate leasing market. The uncertainty surrounding Brexit has had an impact on the market, with some tenants and investors adopting a wait-and-see approach. However, the low interest rate environment has made property investment an attractive option for many, leading to increased demand in the market. Additionally, the growth of the gig economy and flexible working arrangements has contributed to the demand for flexible lease terms and serviced apartments. In conclusion, the Residential Real Estate Leases market in United Kingdom has seen developments and trends driven by customer preferences, global and regional influences, local special circumstances, and underlying macroeconomic factors. The market has shifted towards more flexible lease terms and amenities, reflecting changing lifestyles and preferences. The growth of the sharing economy and high demand for rental properties have also shaped the market. Government policies and initiatives aim to address the shortage of affordable housing. The uncertainty surrounding Brexit and the low interest rate environment have also influenced the market. Overall, the residential real estate leasing market in the United Kingdom continues to evolve in response to these factors.
Data coverage:
Figures are based on total and average revenue of residential apartment leases.Modeling approach:
Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, 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:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.
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Mon - Fri, 9am - 6pm (EST)
