According to new data from property portal Zoopla, annual rent inflation has slowed to 3.9 percent, its lowest rate since August 2021, providing relief to tenants facing rising costs.
These regional differences highlight how location and local market conditions can influence affordability, with Northern Ireland seeing rents up 10.5 percent while London’s rents edged up by only 1.2 percent.
Zoopla points to a supply-demand imbalance as a driving factor, with nearly a third more potential renters seeking accommodation than in 2019, but the stock of available homes remaining static.
Labour's pledge to build 1.5 million homes over the next five years could help alleviate the chronic shortage and keep rents and prices more manageable for tenants.
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