The latest Zoopla Rental Market Report is out, and if you own a rental property — or you’ve been thinking about letting one — it makes for good reading.
Steady rent growth, nothing dramatic
Rents on new lets have risen 1.9% over the past year, and Zoopla is forecasting continued growth of around 2–3% through 2026. That’s not headline-grabbing, but it’s consistent and predictable — exactly what a buy-to-let investment should deliver. Rents are going up, and that’s expected to continue.
Rental supply remains 23% below pre-pandemic levels. Demand for good rental homes hasn’t gone away. The numbers reflect that.
Tenants are in better financial shape
Earnings have been rising faster than rents for the past 18 months. That means your tenants are under less financial pressure than they were in 2023. Tenants who can comfortably afford their rent stay longer, pay on time, and look after a property. That’s better for everyone.
More time to find the right tenant
The average time to let a property is now 20 days. You’re not going to be left waiting — but you do have the breathing room to find a good tenant rather than taking the first application through the door. That matters more than most landlords realise.
Thinking of letting a property?
The number of homes available to rent has grown 11% year-on-year, partly driven by homeowners choosing to let rather than sell in the current market. If that sounds like your situation, the timing is good.
Our take
The rental market in Nottingham remains strong. Rents are rising, demand is solid, and quality landlords with well-presented properties are still letting quickly and achieving good yields. If you’d like a rental valuation or want to talk through your options, get in touch with the team at Benwell Daykin estate agents on 0115 990 2007.