Blog Post

Rental market expected outperform sales market over next 5 years

TomS - Head Tom Simper Jan 7, 2023, 12:30 PM
303_Dataloft_Price_5-year_growth_predictions-01

An average of economists and housing market commentator forecasts over the next 5 years expect the rental market out perform the sales market, at 3.3% compared to 0.9% per year.

The sales market could see falls in average prices of homes by -7% by the end of 2024 but growth is then expected to return and average 3.8% per year between 2025 and 2027.

In contrast, the rental market is anticipated to see its strongest rates of growth in 2023 and 2024 (4.4%) before stablising at 2.5% per year for the three year period 2025 to 2027.

Housing markets that are less reliant on mortgage finance could record higher than average levels of growth. Improvements to the cost of borrowing may also result in a boost in demand in the sales market.Source: Dataloft, OBR, HM Treasury (Independent average), JLL, Savills, Knight Frank, CBRE, Rightmove, Zoopla

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"I would like to thank Abbey for all her help and support she offered"

- Marie

"Abbey was very nice and explanatory in all she was saying and Gill is quick to respond"

- Tope

"I was shown around a property by Abbey Bird, it was a lovely viewing"

- Sophia

"Went above and beyond helping us secure a home, truly kind people"

- Anya

"Sold a property, and Gill was amazing throughout the process!"

- Rachel

"Any issues Peter Anthony have been spot on and Sean as been professional and helpful at all times"

- Ian

"Abby was prompt to respond to inquiries and very pleasant"

- Christian

"It has always been prompt action on any issue raised and the feedback has been positive."

- Oketokun