Dataloft (now PriceHubble) reposted this
📊 🇬🇧 We recently presented our thoughts on the outlook for the UK Housing Market. Subscribers to Dataloft by PriceHubble had early access to the webinar and have exclusive access to insight and analytics on local markets across the UK via our platform. The rental market headlines were: 🏡 Rents continue to rise but the pace is now slowing. Leading indicators are showing a slowdown in renter demand and an improvement in supply of homes to rent. 📈 UK rents grew by 5.2% in the year to July 2024 but this has almost halved from 10.3% in July 2023. Rental growth is expected to continue to ease back in 2024, broadly in line with earnings growth forecasts. It is forecast to moderate to 2.5% by 2028. 📊 Affordability is critical. As a benchmark, spending more than 30 percent of your income on rent or interest payments is generally seen as problematic. Renters across the UK paid an average 32.7% of their income on rent in July. To watch the webinar in full, visit: https://lnkd.in/eDiKeePh #pricehubble #dataloft #propertymarketinsight #housingmarket #propertydatasolutions
