Rental Market Report Q1 2022
The Zoopla quarterly Rental Market Report is based on our analysis of tens of thousands of rental data points across the UK. The report gives an industry-leading view of rental market performance.
In this quarter’s report, we reveal our latest research on:
– The latest rental growth, supply, and demand stats.
– The most and least affordable rental markets in each region.
– Is wage growth keeping pace with rental growth?
Annual change in rents (UK excl. London) 9.1 %
Monthly rent, UK average £995
Despite the strong annual rental growth in London over the last year, it’s the South West where average rents have risen most in monetary terms, up by £127 a month compared to March 2020.
Even in the East Midlands, where supply constraints are less pronounced than in London and the South West, there is still double-digit rental growth given the strength of demand.
As demand levels normalize, the markets with less marked supply constraints will be the first to see a softening of rental growth rates – including the East Midlands, West Midlands, and East of England.