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Boost for renters as market ‘at best for six years’
Zoopla reports average inquiries per property fell to 4.8 in February, the lowest in six years, as rent growth slows to 1.9% amid increasing rental home availability.
- The rental market in the UK is becoming more balanced, with less competition for homes and slower rent increases than in recent years.
- Private landlords have been prompted to reassess their portfolios due to changes in tenancy legislation, higher operating costs, and increased mortgage rates, leading to a more professionalized private rented sector.
- According to a property website, competition for rental homes in the UK has fallen to its lowest level for the month of February in six years, with an average of 4.8 inquiries per property, down from 6.5 last year.
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14 Articles
14 Articles
Rental homes falls to six year low with 4.8 enquiries per property: Zoopla
Demand among renters has fallen by 14% over the last year, while the number of homes available for rent has increased by 11% over the same period, Zoopla reveals. Zoopla's latest rental market report show the result has been less competition between renters with 4.8… The post Rental homes falls to six year low with 4.8 enquiries per property: Zoopla appeared first on Mortgage Finance Gazette.
Number of tenants competing for rented homes drops to six-year low – Zoopla
Competition for rented homes fell to its lowest for six years with 4.8 enquiries for each available property, a property listing site found. The post Number of tenants competing for rented homes drops to six-year low – Zoopla appeared first on Mortgage Solutions.
Coverage Details
Total News Sources14
Leaning Left3Leaning Right0Center3Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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