Rental growth continued to gain momentum in the first quarter of 2022, with rents rising by 11% from last year and surging to a record 14-year high.
The latest Zoopla Rental Market Report, based on new lets agreed, revealed that the average monthly rent climbed to £995 from £897 a year ago – almost a £100-jump, and a £88-increase since the start of the pandemic.
Zoopla said that the rate of rental growth has gained momentum across most markets in the last six months as post-pandemic demand surged back into city centre markets and the supply of properties for rent struggled to keep pace.
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