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Zoopla UK Rental Market Report – December 2023

Research and Insight December 2023
Top insights
Executive summary
+ 9.7 %

Annual rental inflation for new lets, UK

11 %

Year-on-year change in rental demand

+ 5.0%

UK rental inflation for new lets in 2024

The UK is past peak rental growth, which will be welcome news to renters. London will lead the slowdown, acting as a drag on the UK growth rate. There remains upside for rents to outperform in regional cities where affordability is less of a constraint on rental growth, but this won’t be the case indefinitely

Rental market supply/demand imbalance starts to turn