Welcome to an exploration of block property management in 2024. In this deep dive, we’ll unravel the trends and statistics shaping this industry’s landscape.

There are 22,751 property management services businesses in the UK as of 2023, an increase of 3.3% from 2022.

Transformative trends and innovations have surged in the block property management industry, which comprises the efficient management of both residential and commercial blocks. In this blog, we examine the leading block management trends that will influence property management going forward, backed by analysis from reliable industry sources.

10 Block Property Management Statistics

Here are ten property management statistics behind the drive in new trends for the industry. These statistics and insights are sourced from Grosvenor Systems, DoorLoop and Rental Express.

  • Market expansion, which will see the sector worth a predicted 37.25 billion in 2029, is driven by demand for property managing software and greater customer support.
  • Despite several industry challenges, a 9.8% compound annual growth rate (CAGR) — accelerated by well-established technology trends — will see the sector thrive in the coming years. 
  • With the help of automation, property management employees needn’t focus on repetitive, menial tasks, improving employee engagement. This could lead to further profits, with studies showing that companies with high engagement rates are 21% more profitable.
  •  Over 75% of millennials say they would pay more for a greener home built using sustainable materials.
  • More and more people are turning to property management companies to manage their properties, as indicated by property management statistics claiming that less than 50% of property owners manage their own properties.
  • Over 22% of property managers have been in property management for over 20 years, with only 14% having worked for less than two years.
  • Only about 30% of landlords in the UK use a property management agent to manage their properties.
  • In the UK, renters make up about 20% of the total population.
  • By 2025, the global property management software market is expected to generate revenues of $2.6 billion.
  • More than 75% of property management companies offer online portals for rent payments.

The Rise of Property Management Companies

One of the standout trends in the property management industry is the proliferation of property management companies. With the complexities of managing rental properties on the rise, property owners are increasingly turning to professional services to handle the day-to-day operations. 

According to recent property management industry statistics, the demand for property management services has surged, driving the growth of property management companies across the board.

Top Trends for Block Property Management Companies

Keeping a finger on the pulse of property management market trends is essential for staying competitive. As the property management market continues to evolve, adaptability is key. Whether it’s embracing sustainable practices, leveraging data analytics for informed decision-making, or embracing innovative technologies, staying ahead of the curve is paramount.

Embracing Technology

Modern block administration is now mostly driven by technology, which gives property managers the ability to improve stakeholder communication and streamline operations. Technology, from cloud-based platforms to sophisticated property management software, enables effective problem solving, expedites administrative processes, and allows for real-time updates.


Block management now places a strong emphasis on sustainability due to rising environmental awareness. Putting into practice green measures, such as solar energy, eco-friendly waste disposal, and energy-efficient lighting, lowers running costs and draws in residents who care about the environment.

Data Driven Insights

Property managers can now make more informed decisions thanks to data analytics, which has transformed the way they perceive tenant behaviour, maintenance requirements, and property performance.


Block management security has been greatly improved by automation methods. Property managers can ensure the security of occupants and properties by utilising automated access control systems, smart locks, and remote monitoring tools.

The Human Element: Property Managers

At the heart of effective property management lies the human touch. Property managers play a pivotal role in ensuring the smooth operation of rental properties, fostering positive tenant relations, and maximising property value. As the demand for property managers continues to grow, so too does the need for a good block manager who can navigate the complexities of the role with finesse and expertise.

Meeting the Needs of Property Owners

Property owners are the backbone of the property management business, entrusting their valuable assets to professional management companies. Understanding the needs and expectations of property owners is crucial for building long-term relationships and fostering trust. From transparent communication to proactive building repairs and maintenance strategies, property managers must go above and beyond to exceed the expectations of their clients.

Looking for Professional Block Property Management?

As we look to the future of block property management, one thing is clear: adaptability is key. By embracing technological innovations, staying abreast of market trends, and prioritising the human element, property managers can navigate the complexities of their roles with confidence and efficiency.

All of a property manager’s duties are covered by the complete block management services provided by Scanlans Property Management. We have a group of capable and knowledgeable employees who are always accessible to address concerns or questions from tenants.

Our block management services cover everything from insurance and claims to repairs and maintenance, building surveying services, site visits, and more. You’ll also have a dedicated property manager to oversee your properties or sites.

For more information about our services, or to get a quote, contact us today.

Property Management FAQs

What are the Key Trends Shaping the Property Management Industry in 2024?

In 2024, several trends are reshaping the property management landscape. These include the increasing adoption of property management software to streamline operations, the rise of sustainable practices in property management, and the growing demand for professional services amidst a booming rental market.

What Factors Influence the Growth of Property Management Companies?

The growth of property management companies is influenced by several factors, including the expansion of the rental market, the complexity of property management tasks, and the increasing preference for professional management services among property owners. As the demand for rental properties continues to rise, so too does the need for professional management expertise.

How Can Property Managers Enhance Tenant Satisfaction?

Tenant satisfaction is paramount in property management, as happy tenants are more likely to renew leases and maintain the property well. Property managers can enhance tenant satisfaction by prioritising responsive communication, addressing maintenance issues promptly, and fostering a sense of community within the property.