Rent inflation has slowed, still rents in Nottingham continue to rise ⬆️
#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 from Zoopla's rent report:
The number of homes available for rent is rising, but there are still 25% less rental properties available in 2024 compared to 2019 🫨
🔸 Rental inflation has slowed to 5.4%, the lowest level in almost 3 years
🔸 However, high demand and a low supply of properties continues to keep rents high
🔸 Potential further tax changes will result in more landlords selling
🔸 Rental demand is cooling off a high base but is still double pre-pandemic levels
🔸 London and major cities are seeing rents slow
🔸 But towns and rural areas are continuing to see rent rises
🔸 Overall, rents are expected to rise 3-4% over 2024
Supply/demand imbalance set to remain into 2025, supporting a continued growth in rents throughout next year 💹
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#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
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