The rental market is recalibrating after Covid, and this is evident in the latest data from Zoopla’s rental index.
For 18 months after the start of the pandemic, our data was showing ‘doughnut’ demand in cities – ie, strong demand in wider commuter zones as renters looked for more space and then hollowed-out demand in city centres. In turn, rental growth stalled in these central urban markets. Rents in inner London were falling at 10% annually early last year.
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