ZOOPLA UK RENTAL MARKET REPORT – March 2023

<p><br></p> <p>ZOOPLA UK RENTAL MARKET REPORT – March 2023</p> <p> </p> <p>Executive summary </p> <p><br></p> <p>• Rental inflation has slowed to 11.1%, from a high of 12.3% in mid-2022 </p> <p><br></p> <p>• A strong labour market and record immigration drove demand in 2022. Private rented housing supply has grown just 1% since 2016 </p> <p><br></p> <p>• Higher mortgage rates have further weakened the economics of investing for landlords, impacting new investment in rental supply </p> <p><br></p> <p>• Landlords ‘searching for yield’ to offset rising costs will push some to let into different sectors of the private rental market </p> <p>• The growth in overall rental supply is set to remain limited in 2023. Demand is expected to remain above average but lower than 2022 </p> <p>• Rental inflation for new lets will slow to 4-5% by the year end. The slowdown could be rapid in inner London and other city centres.</p> <p> </p> <p><a href="https://www.fifeproperties.co.uk/blog/zoopla-uk-rental-market-report-march-2023/">https://www.fifeproperties.co.uk/blog/zoopla-uk-rental-market-report-march-2023/</a> </p> <p> </p> <p>#fifeproperty #fifeestateagents #fifelandlords #rentalreport #undersupply #supplyanddemand</p> <p><br></p>