Key points:
• UK rental inflation slows to +6.6% - the lowest rate for 30 months
• London leads the slowdown with rents up 3.7% over last 12 months
• Rental demand is down 25% but still >2x pre-pandemic
• Supply of homes for rent up 18% but still 1/3 below pre-pandemic
• Rents have fallen in some cities over last quarter as market dynamics start to shift
• Headroom for rental growth in most affordable areas
• Supply/demand imbalance will continue to narrow slowly
• Essential for political parties to put forward specific policies to grow the size of the private rented sector
Comments