How much renting has gone up across Greater Manchester in 2024 - the borough with biggest hike is unexpected
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manchestereveningnews.co.ukRent costs are continuing to climb across the UK, albeit the growth has slowed down on a whole across the country this year.
Property website Zoopla has released its latest rental market report, which reveals that the rate of rental growth in the UK is at its lowest level in more than three years at 3.9 percent, down from 9.1 per cent a year ago.
The slowdown is due to a narrowing in the imbalance between supply and demand over 2024, as well as growing affordability pressures on renters in areas with high rents.
Despite the pace of rental growth slowing down in the UK, Greater Manchester has seen rents rise well above the average of 3.9 percent this year - with one borough seeing rent costs soar by 12 percent in the last 12 months.
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