01923 655441    investors@cpcfinance.co.ukListen To Our Podcast

H1 & Q2 2023: Rental Market Report

by | Jul 25, 2023 | Clients

The headlines from the H1 & Q2 2023 Rental Market Report from Hometrack are:

  • Rental inflation running in double digits for 15th consecutive month
  • No let up in supply/demand imbalance as we enter busier summer period when demand typically increases by up to 40%
  • Rents have grown faster than average earnings over last 21 months
  • Rental costs as a proportion of earnings reach highest for a decade
  • Emerging evidence of growing stress for renters on lower incomes
  • Weakness in the sales market likely to support rental supply in H2
  • Higher mortgage rates hit 20-30% of landlords with largest loans
  • Landlord sales are concentrated in London and the South East where yields are lowest and extra equity required at refinancing

You can read the full report online for the Q2 & H1 2023 Hometrack Rental Market Report on the Hometrack website.