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.