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for 2024

Outlook

Key forecasts for 2024

What is the outlook for the residential and commercial property sectors?

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Sector 
outlook

What is the outlook for the residential, commercial, and rural property sectors?

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How will external factors influence our markets in 2024?

Drivers & opportunities

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020 7518 3301

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020 7518 3301

Email

Welcome to Outlook for 2024, our view of the key drivers that will influence the UK’s residential, commercial and rural markets, and our predictions for what 2024 may have in store for the property sector.

/ Residential sales in a 
post-pandemic world

The ‘flight to rural’ during the pandemic period saw a rush for more space, better value, and quieter living amid rising flexible working patterns. Is this trend set to reverse?

/ Residential lettings: 
The Renters Reform Bill 

Renters Reform Bill 2023 represents the biggest change to the private rented sector for many years. We assess the potential impact.

/ Life sciences
We look at the opportunities for investors in this dynamic sector, including projected growth in demand, the mismatch with supply, and the provision of energy-efficient lab space.

/ Logistics
Although 2023 saw a slowdown in take-up, demand has remained strong relative to long-term averages. We assess the prospects for this buoyant sector in 2024.

/ Open storage
We have seen demand for open storage sites rise exponentially in recent years. Will we see a continuation of this sector’s rapid growth and its rising appeal to investors?

/ Rural land
2023 was another positive year for the agricultural land market, but will 2024 see a similarly robust performance?

/ Biodiversity net gain
What will the introduction of mandatory biodiversity net gain in January 2024 mean for developers and landowners?

/ Infrastructure investment
Despite the cancellation of HS2 phase 2 to Manchester, several major projects are making progress. But more investment is urgently needed to alleviate constraints on development.

/ Planning for housing delivery
With 2024 almost certain to be an election year, what policies for housing delivery are we likely to see discussed and implemented?

/ UK real estate:  
a safe haven for investors?

Will the UK remain a key target global real estate investors in 2024?

Dan Francis

Colin Brown

/ What will drive property 
markets in 2024?
 
Against the current subdued economic outlook and the prospect of a general election, what trends will drive the UK’s property markets in 2024?