Rent increases are expected to accelerate to between 4% and 5% a year by December, according to a forecast from property website Zoopla, indicating that tenants may face greater housing costs in the months ahead.
The prediction points to a faster pace of rental growth than tenants may currently be experiencing. It covers the expected annual rate of increase by December, although the available information does not provide a specific figure for current rental growth or explain how the forecast was calculated.
If the forecast is realised, renters will face further pressure as landlords raise prices at a quicker rate. The information supplied does not identify particular regions, property types or groups of tenants that could be most affected.
Zoopla’s forecast represents an expectation rather than a confirmed outcome. The latest position is that rents are anticipated to rise by 4% or 5% annually by December, with the eventual rate dependent on how the rental market develops.
