Cambridge Residential Rental Market Report Summer 2023

The UK economic outlook is brighter than previously expected, with only a small contraction in growth of 0.2% expected this year.

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.