Hometrack publishes its UK Rental Market Report for April 2021

Hometrack has published its latest UK Rental Market Report for April 2021, with the latest insight on the UK rental market, based on Zoopla’s Rental Index.

Headlines for April:

• Three distinct markets emerging in UK rental market, in wider commuter zones and beyond, major city centres and London
• Rental growth up 21% year-on-year in January in the UK market, excluding London
• Strong rental demand across the UK outside London, amid constrained supply – rents are up +3% on the year
• Three regions in England and Wales are recording their highest rental growth since March 2011

The full report can be downloaded here.

David Ross, Managing Director of Hometrack, said:

“Rental demand will continue to rise in city centres as offices start to re-open and this, coupled with increased affordability levels in many cases, will start to counter the negative pressure on rents seen over the last 12 months. 

“In London, where rents are down 9.4% on the year, a modest reversal in rental declines has begun, but it will be a slow build back to pre-pandemic levels in inner London. 

“The recovery will be uneven and we expect new or recently refurbished properties to attract higher levels of demand in H2.”

Kindly shared by Hometrack

Main article photo courtesy of Pixabay