Market Outlook: Rents
15th August 2024
- Rental growth has been high in recent years, but the pace is now slowing. Leading indicators are starting to show slowdown in tenant demand and an improvement in supply.
- UK annual rental growth is currently at 5.2%, however this has almost halved from 10.3% in July 2023.
- Affordability is increasingly critical. Renters paid an average 32.7% of their income on rent in July, slightly weakened in all but two UK regions over the last year.
- Rental growth expected to ease back in 2024, broadly in line with earnings growth forecasts and is forecast to moderate to 2.5% by 2028.
Source: Dataloft by PriceHubble, HomeLet July 2024, HM Treasury, Nationwide, CBRE, Savills, Knight Frank, Rightmove, JLL Chestertons, Zoopla. August 2024
Renting in Brighton Is Now Cheaper Than Buying: Here’s What That Means for You
19th May 2026
New research from Rightmove has revealed that renting is now cheaper than buying for the average first-time buyer in Great…
Renting could now be cheaper than buying in Brighton
19th May 2026
New research from Rightmove shows that renting is now cheaper than buying for the average first-time buyer in Great Britain…
Brighton Update – Spring/Summer 2026
24th April 2026
Brighton continues to see a mix of positive momentum and notable developments as we move into the spring and summer…
