UK SPPI: real estate services
UK SPPI: real estate services stood at 108.4 in Q2 2026, according to Office for National Statistics (ONS). It is one of the indicators in the Services producer prices table (Value · Quarterly), with a complete series running from Q4 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Services producer prices table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Services price index by industry | |||||||||||
| L Real estate services | 108.4 | 108 | 106.8 | 105.6 | 105.9 | 105.3 | 105.6 | 105.6 | 105.5 | 106.9 | |
| M Professional, scientific and technical | 129.6 | 128.2 | 126.6 | 124.1 | 123.8 | 123.7 | 121.6 | 122.4 | 122.5 | 121.3 |
Understanding UK SPPI: real estate services
Commercial property agency fees, non-residential leasing administration, and estate management charges across the United Kingdom form the basis of this quarterly measure. It tracks fee-based transaction intermediation and professional tenancy oversight rather than capital asset valuations or raw commercial rent yields. Development contracting and residential household property transactions are excluded, isolating business premises management from personal property markets.
Transactions in commercial real estate lean heavily on commission schedules and retainers, leaving the unadjusted quarterly index exposed to cyclical deal volumes. Year-on-year analysis filters out seasonal leasing spikes linked to corporate financial year ends and quarter-day billing customs. Early releases may be adjusted as transaction fees tied to completed lease negotiations receive final commercial settlement.
Frequently asked questions
- Does this series track shifts in underlying commercial rent values?
- No, the measure isolates agent management charges and transaction commissions rather than base rental yields.
- Are residential lettings and private home sales included?
- Residential property services are excluded to keep the indicator strictly focused on commercial premises.
- How does the index handle transactions linked to property value percentages?
- Charges tied to property valuations are tracked using constant-specification fee models to isolate pure service price changes.