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UK House Price Index – March 2023

Research and Insight March 2023
Top insights
Executive summary
+ 11.1 %

Annual rental inflation for new lets, UK

Last 3 months
51 %

Rental demand relative to the 5 year average

Key data
+ 1%

Increase in number of private rented homes, GB 2016-2021


“The demand for renting was incredibly strong in 2022 helping push rents up by 11%. Rents will continue to rise over 2023 but at a slower rate as demand moderates and affordability pressures start to bite harder on renters.”

Richard Donnell Executive Director - Research
Demand continues to outpace supply of homes to rent