UK services output index: real estate activities
UK services output index: real estate activities stood at 102 in Jul 2026, according to Office for National Statistics (ONS). It is one of the indicators in the Monthly GDP and output table (Value · Monthly), with a complete series running from Jan 1997 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Monthly GDP and output table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Services output index by industry | |||||||||||
| L — Real Estate Activities | 102 | 102 | 102 | 102 | 101.9 | 101.8 | 101.5 | 101.5 | 101.3 | 101.8 | |
| M — Professional, scientific and technical activities | 108 | 107.9 | 106.9 | 105.2 | 105.8 | 105.2 | 103.7 | 103.3 | 102.9 | 101.6 |
Understanding UK services output index: real estate activities
Economic activity generated by housing rentals, property management, and commercial real estate operations across the United Kingdom forms the scope of this output index. It measures the gross value added produced by letting and operating real estate, including imputed rent for owner-occupied dwellings, while excluding construction and real estate agency commissions. This distinction ensures the index reflects ongoing property utilisation rather than cyclical building activity.
Imputed rental estimates introduce a high degree of stability, meaning this series exhibits far less monthly volatility than consumer-facing or industrial output measures. Revisions to historical data occur infrequently outside of periodic national accounts benchmarking exercises. Analysts use this series to isolate structural housing service trends from broader macroeconomic volatility in the wider services sector.
Frequently asked questions
- What activities are included in real estate output?
- The index covers property leasing, management services, and the imputed rental value attributed to owner-occupied homes.
- Does this index measure house building?
- No, the physical construction of new buildings is recorded under construction output rather than real estate activities.
- Why is this series less volatile than other service measures?
- The inclusion of imputed rents for homeowners provides a steady baseline that dampens short-term monthly fluctuations.