Property Management Services in the UK - Market Research Report (2014-2029)

Tight Rental Market: Rental Costs Soar, Driving Commission Fees For Property Managers

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Property management services revenue benefitted from improvements in the rented residential property market in the years leading up to the COVID-19 outbreak, caused by rising UK house prices, which priced out potential homebuyers. Demand from non-residential properties rose due to an expanding number of businesses in the UK requiring industry-managed office space. Revenue is expected to grow at a compound annual rate of 1.1% over the five years through 2022-23 to £32.7 billion, including growth of 4.1% in 2022-23.

Companies in this industry manage residential and non-residential real estate for property owners. Property management responsibilities include maintenance, rent collection, rubbish removal, security services and renovation activities. Operators may also help manage a property’s accounting, but this industry does not include operations related to property transactions and real estate investment.