Latest insight on the UK rental market, based on the Zoopla Rental Index.
Headlines from this quarter In this quarter’s Rental Market Report, Zoopla reveal their latest research on: • Rental demand figures from January 2021 • Rental growth in the UK during 2020 • The ‘halo effect’ in the outer areas of UK cities
Gráinne Gilmore Head of Research at Zoopla comments “Changing working, commuting and tourism patterns were felt very quickly in the central London rental market. Now we are seeing the impact in other city centres, although on a more modest scale.
“Balancing the rental declines in inner cities is the strong rise in rental growth in surrounding ‘halo’ areas and well-connected towns across the UK, reflecting stronger demand in many of these markets among a cohort of renters.
“The search for space among renters is coming across loud and clear from the data however, with houses in major cities now being rented out more quickly than a year ago. In most cases, flats are now taking longer to rent out.”
To view the full Zoopla Rental Index Report, please click here
