Bricks and mortar value of the UK’s PRS almost £1.4trillion

Bricks and mortar value of the UK’s PRS almost £1.4trillion

9:44 AM, 20th July 2021, About 2 years ago 2

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The latest research by Sequre Property Investment, estimates that the current bricks and mortar value of the UK’s private rental sector sits at almost £1.4trillion. The data was compiled on the number of current private rented dwellings across England, Wales, Scotland and Northern Ireland, before looking at the total value of these rental portfolios based on current property values.

There are an estimated 5.5m privately rented homes across the UK, accounting for 19% of the entire property market. With the current average UK house price now at a giddy £254,624, this puts the PRS bricks and mortar value as high as £1.4trn.

England is home to by far the largest private rental market with 4.8m homes within the sector. This places the total value of the English rental market at £1.3trn based on the current average house price of £271,434.

London accounts for a notable 40% of this total market value, with the 1,042,000 rental homes located in the capital valued at nearly £519bn alone.

The South East (£234bn) and the East of England (£154bn) are also home to some of the most valuable rental markets, with rental stock in each region estimated to be worth more than £150bn.

Outside of England, Scotland ranks as the second most valuable rental market from a property standpoint, with the 371,000 privately rented homes worth nearly £64bn on the market today.

In Wales, this current rental market value stands just shy of £38bn, with the Northern Irish private rental market valued at nearly £18bn.

Sales Director at Sequre Property Investment, Daniel Jackson, commented: “The private rental market is the backbone of the UK housing sector and plays an incredibly important role in providing homes for those that are unable to overcome the financial hurdles associated with homeownership.

“Despite this, we’ve seen a number of legislative changes implemented to deter landlords from the sector by a government that clearly has no idea what they are doing.

“While it may only account for 19% of the total market, reducing the size of the sector would leave many struggling to find an alternative option with regard to their living arrangements.”

Table shows the estimated worth of the dwellings within the private rental sector based on the number of dwellings and the current market value of a home in each nation or region.
Location All dwellings Private rented Private rented as a % of all Average Property Value Total est value
United Kingdom 29,559,777 5,493,830 18.6% £254,624 £1,398,860,363,632
England 24,658,000 4,799,000 19.5% £271,434 £1,302,611,145,489
Scotland 2,650,000 371,000 14.0% £171,448 £63,607,184,256
Wales 1,437,567 204,955 14.3% £184,297 £37,772,604,137
Northern Ireland 814,210 118,875 14.6% £149,178 £17,733,512,868
London 3,634,000 1,042,000 28.7% £497,948 £518,861,773,174
South East 3,985,000 670,000 16.8% £350,016 £234,510,389,824
East of England 2,733,000 497,000 18.2% £310,200 £154,169,527,431
South West 2,604,000 506,000 19.4% £277,603 £140,466,965,340
North West 3,334,000 556,000 16.7% £189,245 £105,220,424,552
West Midlands region 2,537,000 451,000 17.8% £219,793 £99,126,788,132
Yorkshire and the Humber 2,461,000 482,000 19.6% £181,856 £87,654,406,816
East Midlands 2,124,000 391,000 18.4% £216,077 £84,486,121,936
North East 1,246,000 203,000 16.3% £143,129 £29,055,143,233
Average house prices souced from the – UK house Price Index (May 2021 – latest available)
Dwellings stock and tenure sourced from,, NRS Scotland and, NISRA and

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Seething Landlord

12:33 PM, 20th July 2021, About 2 years ago

These statistics do not stack up. The average value of properties in our portfolio is approximately half the values quoted for the area and I suspect that is true for much of the PRS.

Luke P

11:13 AM, 22nd July 2021, About 2 years ago

Reply to the comment left by Seething Landlord at 20/07/2021 - 12:33
Yeah, Humber region would be under £100k, I’d suspect.

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