UK rents rise at fastest rate in three years

UK residential rents are continuing to climb due to a lack of supply, with many potential buy-to-let investors squeezed out of the market.

The annual rate of UK rental growth was 2% in the third quarter, up from 1.3% a year ago, according to a survey from property website Zoopla.

Growth has recovered from a low of 0.5% in June 2017 due to a tightening in rental supply as a result of tax changes and fewer investment buyers, rising levels of employment and affordability constraints limiting access to home ownership in southern England.

UK rental growth