5 enquiries for every home for rent and changes to rental legislation

UK rental inflation has slowed to 7.8%, down from 11% a year ago – the lowest rate for 2 years, according to Zoopla’s latest Rental Report.

The average UK rent is now £1,223 per month and there remain more than 15 enquires for every home for rent – this is down from over 40 enquiries in 2021 but still double pre-pandemic levels.
According to the latest Royal Institution of Chartered Surveyors (RICS) UK Residential Survey, the battle between tenant demand and lack of available rental properties continues, with 34% of survey respondents still expecting rental prices to rise in the next three months.

The government introduced the Renters (Reform) Bill to parliament in May 2023 to “create a fairer private rental sector’. The wide-ranging reforms have been dubbed “the biggest shake-up of the private rented sector in 30 years.” The bill is now going through parliamentary process before it becomes law.

In April 2024, the Government proposed new amendments to the Bill in preparation for its third and final reading in the House of Commons. All amendments have been signed off by Michael Gove, Secretary of State Levelling Up, Housing and Communities and MPs can no longer bring any further amendments or changes to the Bill.

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