Zoopla Reports 11.1% Slowdown in Rental Growth, Market Remains “Running Hot”

Zoopla Reports 11.1% Slowdown in Rental Growth, Market Remains

Recent reports from Zoopla have revealed that the UK rental market has experienced a slowdown in growth, with rental prices increasing by just 11.1% in the past year. This is a significant decrease from the 14.2% growth seen in the previous year. Despite this, the market remains “running hot” with rental prices continuing to rise.

The slowdown in growth is being attributed to a number of factors, including the introduction of new regulations that have made it more difficult for landlords to increase rents. This has been compounded by an increase in the number of properties available for rent, which has put downward pressure on prices.

Despite this, the market remains strong and rental prices are still rising. This is due to a number of factors, including an increase in demand for rental properties due to a lack of available housing for sale. This has led to a shortage of rental properties, which has pushed up prices.

The slowdown in rental growth is likely to have a positive effect on tenants, as it will make it easier for them to find affordable rental properties. However, it is important to note that this slowdown is likely to be temporary, as demand for rental properties is still high and supply is unlikely to increase in the near future.

Overall, the UK rental market remains “running hot” despite the slowdown in growth. Rental prices are still rising, albeit at a slower rate than before, and demand for rental properties remains strong. This means that tenants should still be able to find affordable rental properties, although they may need to be prepared to pay slightly higher prices than before.

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