Zoopla release latest Rental Market Report
Zoopla's latest UK Rental Market Report has revealed a significant deceleration in rental inflation, marking the slowest annual growth rate in over three years. The report, released this month, also shows the average rent for new tenancies increased by 3% to £1,284 per month. This represents a notable decrease from the 12.2% peak observed in 2022, with the slowdown primarily attributed to affordability constraints, which have tempered tenant demand.
Despite reduced demand, rental supply remains constrained, with 12 prospective renters competing for each available property—double the pre-pandemic average.
Looking ahead, Zoopla forecasts that rents will rise by 3-4% throughout 2025, as demand continues to outpace supply, exerting upward pressure on rental prices.
The full Zoopla report can be downloaded here.
Why Choose Fuller Gilbert?
With a passion for property & a commitment to delivering exceptional service, Fuller Gilbert & Company estate agent provides a comprehensive property sales, lettings and management service, with emphasis on quality, transparency and customer satisfaction.Whether you’re buying, selling, renting or investing, Fuller Gilbert combines in-depth local knowledge with a tailored approach to ensure every transaction is smooth and successful.
Get in touch
For more information about Fuller Gilbert & Company, or to discuss your property requirements, Please call 020 7581 0154, email: info@fullergilbert.co.uk or send a message via the contact form on our contact page.
