Zoopla UK Rental Market Update Dec 2022

<p>Executive summary<br> • Rental inflation is 12.1% per annum, well ahead of earnings (6%)<br> • No sign of a slowdown due to chronic supply/demand mismatch<br> • Demand is 46% above average while total supply is 38% lower<br> • Rents in the largest UK cities are registering the fastest growth rates<br> • Rental (un)affordability for a single earner is at its highest for over a<br> decade (35% of average weekly earnings)<br> • Demand for one-bed flats jumps as renters seek better value<br> • Stretched rental affordability will start to hit demand and the pace<br> of rent increases in H1 2023<br> • Rent growth to slow to 4-5% by the end of 2023</p> <p><br></p> <p>https://www.fifeproperties.co.uk/blog/zoopla-uk-rental-market-update-dec-2022/</p> <p><br></p> <p><a href="https://www.fifeproperties.co.uk/blog/tag/property-investment/" rel="tag">Property investment</a>, <a href="https://www.fifeproperties.co.uk/blog/tag/rental-market/" rel="tag">Rental Market</a>, <a href="https://www.fifeproperties.co.uk/blog/tag/wealth-creation/" rel="tag">Wealth Creation</a></p>