UK Multifamily Index: Results to September 2026

Overview
The CBRE UK Multifamily Index recorded a decline in capital values over the six months to September 2026, even as rental values continued to rise. Gross income increased and occupancy across the index rose. The index is based on 68 stabilised schemes comprising around 13,300 residential units.

Key Findings

• Multifamily capital values declined by 2.6% in the six months to September 2026.
• Total returns for multifamily property were -0.3% over the same period.
• Net income return remained positive at 2.3% for the six months to September 2026.
• Rental value growth was positive at 1.2% over the six months, with rental values continuing to rise.

What’s in the Full Report

• Regional comparison of capital value, rental value, and gross income movements across London and the Rest of the UK
• Results covering yield shift, capitalisation rate, and costs as a percentage of gross income
• Capital value growth for multifamily vs the CBRE UK Monthly Index
• Rental value growth for multifamily vs the CBRE UK Monthly Index
• Capital value of assets in the index in September 2024, September 2025, and September 2026

Download the UK Multifamily Index: Results to September 2026 for the full results.