- Annual UK rent increases accelerated to 2.6 per cent in July, pushing average monthly rents to £1,340.
- Zoopla projects annual rent growth will reach between 4 and 5 per cent by the end of the year as the rental market tightens.
- Elevated mortgage rates are keeping prospective first-time buyers in rented accommodation for longer, restricting available property supply.
- Upward pressure on rental prices is strongest in London and more affordable regional markets where tenants have greater capacity to absorb increases.
- Zoopla executive director Richard Donnell emphasised that increasing landlord investment to grow housing supply is the key to long-term rent stability.
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