Rental market update: 18 months of double-digit rental inflation 💹
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Key takeaways from Zoopla's latest Rental Market update:
🔹 Rents for new lets are up 10.5% over the year (12.2% a year ago)
🔹 Rental inflation has been in double digits for 18 months
🔹 Average renter has seen costs rise £2,800 over last 3 years
🔹 The UK rented sector remains stuck in a period of low supply and high demand.
🔹 Affordability is the key influence on rental growth
🔹 Rents continue to outpace earnings and rental affordability is now the worst for over a decade
🔹 Rents for new lets expected to increase by 9% in 2023, then slow to 5-6% in 2024
For the full report and lots more graphs, click here 📩
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