House rents increasing by 5% a year – the highest rate since 2008

October 22, 2021

Zoopla’s most recent UK Rental Marker Report indicates that the UK rental sector excluding London is experiencing a surge in demand, with average monthly rent now sitting at £943. Annual rental growth is at 5%, its highest level since 2008. The rise is believed to be the result of people returning to work in towns and students returning to universities. Rental demand is higher than supply, with demand up 19% compared with this time last year and supply down 13%. Investments in buy-to-let properties have experienced a decline since the introduction of the additional 3% stamp duty back in 2016, which is contributing to the pressure on rent levels. The stock of rental properties is expected to remain low nationally for the foreseeable future.

Source struttandparker

EAN Breaking News

Breaking News. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Breaking News

95% of estate agents say homebuying reforms could speed up property transactions

The latest survey by GetAgent.co.uk has found overwhelming support from estate agents for the Government’s proposed homebuying reforms, with the vast majority believing the changes will create a faster, more stable and more efficient property market. The proposed reforms are designed to modernise the homebuying process by introducing greater upfront information, earlier legal certainty and measures…
Read More →
Breaking News

Private rent and house prices, UK: July 2026

1. Main points Average UK monthly private rent increased by 3.3%, to £1,388, in the 12 months to June 2026 (provisional estimate); this annual growth rate remained unchanged from the 12 months to May 2026. Average rents increased to £1,446 (3.4%) in England, £843 (4.9%) in Wales, and £1,012 (1.3%) in Scotland, in the 12 months…
Read More →
what is happening to house prices
Breaking News

Tenant demand continues to strengthen in Q2

The latest research by The Letting Partnership has found that tenant demand across England continued to strengthen during the second quarter of 2026, with 29.7% of all rental listings already securing a tenant. Demand has increased by 2.3% over the quarter and now sits 0.3% higher than the same time last year, demonstrating the continued…
Read More →
Breaking News

Breaking Property News 22/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.     More kite flying on capping rents creates new uncertainty for investors Official data undermines rent cap folly as Burnham yo-yoing creates damaging market uncertainty More kite flying on capping rents has created new uncertainty for investors at the worst possible time. Analysis of…
Read More →
Estate Agent Talk

Conveyancing keeps providing stability in uncertain market

New research from Lyons Bowe solicitors has found that conveyancing costs have remained remarkably steady as a proportion of house prices across the UK, providing essential reliability for homebuyers during another year of market and economic uncertainty. Lyons Bowe’s analysis found that the average cost of purchasing a freehold property increased from £1,383 in April 2025…
Read More →
Rightmove logo
Breaking News

Political uncertainty adds to the many distractions for summer buyers

The average asking price of newly-listed homes for sale drops by 1.0% (-£3,832) this month to £372,359, substantially larger than the average July drop over the last ten years of 0.2%, as new sellers try to tempt summer buyers who are facing many distractions: Number of available homes for sale is 1% below this time…
Read More →