Property investment in the UK
United Kingdom overview
Investment strengths of real estate have never been as important as they are right now. Demonstrated over decades, UK property has a long, credible record of resilience and stability in times of wider economic uncertainty. Post pandemic, a ‘city-centre renaissance’ has been widely reported, leading to strong house price and rental growth across major UK cities. Driven by strong demand for city living and a chronic shortage of high-quality rental property, JLL forecasts an average of 20% growth across Manchester and Birmingham over the next five years – both for house price and rental growth.
Average five-year price growth forecast across Manchester & Birmingham (JLL)
Average five-year rental growth forecast across Manchester & Birmingham (JLL)
76% of people living in Manchester city centre rent their homes
4 in 5 people believe efficiency of their next home would be crucial to them
The UK property market
Halifax reported that UK house prices rose by +20.4% over the last three years, compared to just +7.8% over the previous three years. While growth is starting to return to ‘normal’ post pandemic, this illustrates how the UK property market remains resilient despite wider economic turbulence.
The rental market is also seeing significant growth, with key drivers cited as the strong demand for city living, the end of Help to Buy, and rising mortgage rates, meaning a proportion of prospective buyers have delayed their decision to purchase and remain in the rental market. Driving rents up, this supply and demand imbalance underpins the rental growth across all major UK cities.
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