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Q4 2022: Rental Market Report

by | Jan 26, 2023 | Clients

The headlines from the Q4 2022 Rental Market Report from Hometrack are:

  • Rental inflation is 12.1% per annum, well ahead of earnings (6%)
  • No sign of a slowdown due to chronic supply/demand mismatch
  • Demand is 46% above average while total supply is 38% lower
  • Rents in the largest UK cities are registering the fastest growth rates
  • Rental (un)affordability for a single earner is at its highest for over a decade (35% of average weekly earnings)
  • Demand for one-bed flats jumps as renters seek better value
  • Stretched rental affordability will start to hit demand and the pace of rent increases in H1 2023
  • Rent growth to slow to 4-5% by the end of 2023

You can read the full report online for the Q4 2022 Hometrack Rental Market Report on the Hometrack website.