Property and Real Estate is an essential part of life. We live, work, learn and spend our leisure time in buildings.

The vast majority of the UK’s buildings are private homes. The remainder are made up of commercial real estate and other non-domestic buildings.

UK Commercial real estate has a market value of £1,662 billion in the UK. Commercial real estate produces a financial return for its owner, usually in the form of rent. It includes office, retail, industrial, leisure, medical, hotel properties and residential property in what is known as the private rented sector.

Commercial real estate is one of the fundamental building blocks of our economy. It directly employs more than 1 million people and contributes over £94 billion to the UK’s economy (about 5.4% of the total). The industry adds over 50 million square feet of new space every year, worth around £12 billion and contributing almost 1% to the UK’s GDP.

Developments of the sector are vital to the health of our towns and cities. Investing in real estate is the catalyst for urban regeneration and renewal. It generates social capital and creates happier, healthier and more sustainable places in response to our changing lifestyles.

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