Forecast annual residential property rental price growth in the UK 2025-2029

Published by Statista Research Department, Mar 10, 2025

The UK residential rental market is poised for significant growth, with forecasts indicating a cumulative increase of nearly 18 percent by 2029. This surge is expected to be front-loaded, with a robust eight 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. 

Forecast annual change in average residential rent prices in the United Kingdom (UK) from 2025 to 2029

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Release date

November 2024

Region

United Kingdom

Survey time period

November 2024

Special properties

existing housing.

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Statistics on " Residential rental market in the United Kingdom (UK) "

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Topics

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