About Real Estate

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.

Our industry focuses on the commercial real estate element, which 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 and 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 2 million people and contributes over £94 billion to the UK’s economy (about £5.4% of the total). Our 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.

And, it is 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.

Most of commercial real estate is owned by companies (REITs and other property companies), and by those who invest in pension funds, private equity funds and other forms of investment (such as ISAs and OEICs).

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+ BPF Manifesto 2015 - A vision for British property

Our 2015 manifesto sets out our vision for the role of UK real estate and explains the myriad ways that real estate contributes to the UK's economy, infrastructure, and social fabric.

+ EPRA research and indices

The European Public Real Estate Association (EPRA) publishes research covering indices, trends and wider economic influences on real estate investment.

+ FTSE EPRA/NAREIT Global Real Estate Index Series

The FTSE EPRA/NAREIT Global Real Estate Index Series is designed to represent general trends in eligible real estate equities worldwide.

+ Investment Property Databank (IPD) indices

The Investment Property Databank (IPD) publishes indices tracking the market performance of UK real estate throughout the year, across several sectors.

+ Property Data Report 2014

The 2014 Property Data Report was produced by the Property Industry Alliance (PIA), of which we are a member. It sets out some key facts about commercial property in the UK in 2013.  Contact David Melhuish dmelhuish@bpf.org.uk 

Scottish Government guidance to local authorities on duration of building warrant refusal and deemed refusal as a result of the COVID-19 outbreak

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