Rents rise 5% on average in more affordable areas – double the national average
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Rents are rising 5% on average in more affordable areas where rents are below £750pcm - over twice the national average of 2.1%, according to Zoopla’s latest Rental Market Report.
Regionally, Carlisle (+9.1%), Kilmarnock (+9%) and Halifax (+6.5%) are among the fastest-rising markets where rents are rising quickly off a lower base.
On the other hand, the likes of Bournemouth (-1.7%), Nottingham (-1.5%) and Birmingham (-1.1%) have each seen rents fall, with weaker demand and affordability pressures keeping rental growth lower across most UK cities.
Despite this, average earnings nationally are growing at 4% YoY - nearly twice the rate of UK rental inflation.
Each UK region/country has 20-30% fewer homes to rent than before the pandemic - a lack of new investment is placing upward pressure on rents while limiting choice for renters.
Enquiries per rented home at its lowest level of 6 years - hitting 5.6 enquiries per rental listing.
- What is your reaction to the report?
- Why are rents rising higher in cheaper areas?
- How can we make rents more affordable?
- What advice do you have for landlords?
Responses asap.




