Forecast annual residential property rental price growth in the UK 2024-2028

Published by Statista Research Department, Oct 7, 2024

The UK residential rental market is poised for significant growth, with forecasts indicating a cumulative increase of nearly 21 percent by 2028. This surge is expected to be front-loaded, with a robust five percent rise anticipated in 2024. Rental growth has accelerated notably since 2021, with March 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. 

Forecast annual change in average residential rent prices in the United Kingdom (UK) from 2024 to 2028

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Release date

May 2024

Region

United Kingdom

Survey time period

May 2024

Special properties

existing housing.

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Introduction

5

Rental properties

6

Rental prices

6

Landlords

8

Tenants

6

Further related statistics

18

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Topics

Residential rental market in the UKResidential rents in EuropeGlobal housing market Mortgage industry worldwide: developed marketsResidential construction in the UK
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