What the current Rental Market means for Nottingham Landlords and Tenants 🤔
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Zoopla’s latest Rental Market Report shows the UK rental market beginning to rebalance, with slower rent growth, rising supply and easing demand compared to the past few years.
Rental growth continues to slow 📉
🔸 UK rents have increased by 2.2% over the past 12 months, the slowest rate of growth in four years.
🔸 The average rent for a new let now stands at £1,320 per month, reflecting a calmer market following several years of sharp increases.
More homes available for rent 🔑
🔹 The supply of rental homes is 15% higher than a year ago, giving renters more choice and reducing competition.
🔹 While London and Scotland continue to see tighter supply, much of the Midlands and the North have seen a noticeable improvement in availability.
Demand at a six-year low 📊
🔸 Demand for rental homes has fallen by 20% year on year and is now at its lowest level for this time of year in six years.
🔸 Lower net migration and improved mortgage affordability have enabled more first-time buyers to leave the rental sector, easing pressure on available homes.
Homes taking longer to let ⏳
🔹 The average time to rent a property has increased to 17 days, the longest since 2019.
🔹 This is a clear sign that tenants now have more choice and that landlords need to price and present their properties more carefully.
Affordability begins to improve 💷
🔸 After rents rose faster than wages in 2022 and 2023, rent growth is now trailing earnings.
🔸 This trend is expected to continue into 2026, helping to gradually improve affordability for renters.
Regional differences remain 📍
🔹 Rental growth is strongest in more affordable locations where there is still room for rents to rise. Higher-value areas are seeing much slower growth, with some cities recording modest rent falls as affordability limits are reached.
What this means for Nottingham 🏙️
🔸 Nottingham reflects many of these national trends.
🔸 Demand remains steady, driven by the city’s large student population, strong graduate retention and ongoing employment growth.
🔸 However, the market is noticeably less frantic than in recent years.
🔸 More rental stock is becoming available as first-time buyers move out of renting
🔸 Properties are taking slightly longer to let, particularly where rents are pitched above market levels
🔸 Well-presented, realistically priced homes continue to attract strong interest
🔸 HMOs and family homes in popular areas remain resilient, supported by consistent tenant demand
Overall
🔹 Nottingham’s rental market is shifting from extreme competition towards a more balanced environment
For Landlords, it means:
🔸 This is a market where pricing and presentation matter more than ever.
🔸 Sensible rent levels, professional marketing and good property condition are key to minimising void periods and securing reliable tenants.
For Tenants, it means:
🔹 Increased choice = more 'renting' power.
🔹 Taking time to compare properties and act decisively on good-value homes can pay off.
For investors:
🔸 Rental demand remains strong in the right locations, but yields are increasingly driven by smart buying, efficient management and long-term strategy rather than rapid rent inflation.
Would you like to know what your property is worth in today's market? Contact Lisa (lisa.dahl@cavendishproperty.co.uk) for an up-to-date valuation (or complete the form opposite ➡️).
📸 Lisa Dahl-Parsisson, Head Valuer and Asset Manager at Cavendish Residential 📸
☎📧🗨
🌟 Instant online valuation (immediate response, 60-70% accurate)... Click here 🌟
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🌟 Face-to-face visit (time to suit you, 100% accurate)... Email expert valuer lisa.dahl-parsisson@cavendishproperty.co.uk to get started 🌟
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