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Private rented sector 'worth £500bn'
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The value of UK housing stock in the private rented sector stands at £500 billion, according to a new study by the Association of Residential Letting Agents (Arla).

This figure exceeds the total value of all privately-owned commercial property, including shops, offices, hotels, factories and leisure facilities.

House prices climbed by an average of 4.2 per cent a year between 1981 and 2003, while capital values for commercial property fell by 1.2 per cent in real terms every 12 months over the same period.

Moreover, the situation looks set to improve for property investors. Rents are predicted to increase in the private rented sector by between ten and 15 per cent in both 2008 and 2009.

The study also forecasts that house prices will climb faster than commercial real estate in the long term.

According to a recent survey by property valuation website Zoopla.co.uk, UK residential property is worth £5.8 trillion.


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Date Published: 15 July 2008

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