ZOOPLA UK Rental Market Report – March 2024
Executive summary
• UK rental inflation slows to +7.8%, a 2-year low
• Rental demand down 20% year-on-year as one-off
pandemic factors ease and the labour market cools
• A fifth more homes available for rent than a year ago but
current supply still below pre-pandemic average
• Rental inflation slows rapidly in London to 5.3% as
supply/demand imbalance narrows and affordability
pressures hit pace of rent rises
• Scotland remains area with fastest annual rental growth
at 11.6%
• Over half of private rented homes are in £1,000+ per
month markets
• Rental affordability at decade high and unlikely to
improve quickly
• Expansion in rental supply is the main route to better
affordability
(Watch/Listen)
https://www.fifeproperties.co.uk/blog/zoopla-uk-rental-market-report-march-2024/
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