ZOOPLA UK RENTAL MARKET REPORT – March 2023
Executive summary
• Rental inflation has slowed to 11.1%, from a high of 12.3% in mid-2022
• A strong labour market and record immigration drove demand in 2022. Private rented housing supply has grown just
1% since 2016
• Higher mortgage rates have further weakened the economics of investing for landlords, impacting new investment in
rental supply
• Landlords ‘searching for yield’ to offset rising costs will push some to let into different sectors of the private rental
market
• The growth in overall rental supply is set to remain limited in 2023. Demand is expected to remain above average but lower
than 2022
• Rental inflation for new lets will slow to 4-5% by the year end. The slowdown could be rapid in inner London and other
city centres.
https://www.fifeproperties.co.uk/blog/zoopla-uk-rental-market-report-march-2023/
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