Tuesday, November 26, 2024

Real estate ranks high on list for UK business growth, research finds – Property Industry Eye

Must read

New research has revealed the best growing industries for businesses in the UK, with real estate in second place behind health and social care.

Software firm MRPeasy collected business birth and death data from the Office for National Statistics to calculate each industry’s success rate from 2022 to 2024. Using this, they analysed and ranked the best industries for business growth in the UK.

According to the research, the real estate industry grew by 5.06% between 2022 and 2024. The businesses under this umbrella were establishments involved in real estate activities, such as buying, selling, renting, letting or operating real estate such as conference centres and private housing.

During the period there were 5,620 new business registrations in the industry, and real estate businesses grew to account for approximately 4.34% of all British businesses, and 3.67% of total business births.

The health and social care industry at the top saw business grow by 8.06% since 2022. In third place, businesses in the education industry grew by 3.27%.

Top 5 Best industries for British businesses

Rank Industry % Growth
1 Health and Social Care +8.06%
2 Real Estate +5.06%
3 Education +3.27%
4 Construction +1.93%
5 Arts, entertainment, recreation and other services +1.83%

Karl Heinrich Lauri, CMO at MRPeasy, commented: “The health and social care industry has emerged as one of the strongest sectors for UK businesses [but] real estate and education also show significant growth, reflecting both the housing markets’ resilience and increasing demand for educational services.

“Together, these industries highlight key areas where businesses are finding success in a dynamic economic landscape.”

Latest article