In April, UK rents experienced the slowest annual rise in 2.5 years at 6.6%, with average rent up £80/month and 15 people competing for each property.
UK rents experienced the slowest annual rise in two and a half years in April, with rent inflation dropping to 6.6% and the average rent rising by £80 per month compared to a year earlier. Despite a decrease in demand, there are still 15 people competing for each rental property, more than double the pre-pandemic average. Zoopla predicts that rental price growth will slow to 5% in 2024, driven by changes in demand and affordability rather than an increase in supply.
June 06, 2024
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