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Welcome to the Rental Market report for Q4 2019. It’s the second in our new quarterly series that accurately tracks the changes in achieved rents over time. The Report reveals that rental growth hit a three-year high on a lack of rental supply but the increase in rents is still below the growth in average earnings.
This quarter’s report reveals that the increase in private rents is failing to keep pace with growth in average weekly earnings. This means the affordability of renting has improved over the last three years, with rents rising at half the rate of average UK earnings growth (up +4% annually). This report forms part of a new rental series that accurately tracks the changes in achieved rents over time.