#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Latest on rental market from
Zoopla:
Key takeaways:
πΈ The average UK rent has risen 7.2% in the last year
πΈ UK renters are now paying Β£1,223 per month on average, ranging from Β£695 in the North East to Β£2,121 in London
πΈ In Nottingham, average rent is now Β£947 per calendar month
πΈ Scotland continues to register among the highest rental growth for new lets despite rent controls
πΈ London is seeing growth slow the most as rents hit an affordability ceiling, along with the slower rental market in Northern Ireland
πΈ Zoopla expects a further slowdown in rental growth in 2024 as worsening affordability keeps demand in check
Other major city averages:
π© Click here to read about the following topics in more detail π©
πΉ What factors influence rental prices?
πΉ What are renters doing to minimise the impact of higher rents?
πΉ Whatβs next for the rental market?
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