Executive summary
• Rental inflation is 12.1% per annum, well ahead of earnings (6%)
• No sign of a slowdown due to chronic supply/demand mismatch
• Demand is 46% above average while total supply is 38% lower
• Rents in the largest UK cities are registering the fastest growth rates
• Rental (un)affordability for a single earner is at its highest for over a
decade (35% of average weekly earnings)
• Demand for one-bed flats jumps as renters seek better value
• Stretched rental affordability will start to hit demand and the pace
of rent increases in H1 2023
• Rent growth to slow to 4-5% by the end of 2023
https://www.fifeproperties.co.uk/blog/zoopla-uk-rental-market-update-dec-2022/
