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Zoopla UK Rental Market Report – March 2024

Research and Insight March 2024
Top insights
Executive summary
+ 7.8 %

Annual rental inflation for new lets, UK

20 %

Year-on-year change in rental demand


Rented homes in >£1000pcm markets

"The rental supply/demand imbalance has started to narrow but is far from closed. Rents for new lets will continue to rise over 2024, albeit at a slowing rate. Only a rapid expansion in supply will start to improve affordability for UK renters."

Rental inflation slows fast in London but holds steady elsewhere