Cambridge Residential Rental Market Report Spring 2023

Q4 2022 saw greater stability following the economic and political turmoil of Q3. Swap and mortgage rates stabilised with expectations for more measured base rate increases. 2023 has continued in a similar vein with signs inflation may be stabilising.

Three months is a long time in politics, and the housing market. While economic uncertainty loomed prior to the summer of political turmoil, events compounded the challenging backdrop.

While ahead of pre-pandemic levels, lettings activity in the first half of 2022 was slightly down on 2021 due to market-wide stock shortages, placing upward pressure on rents.