The Manchester private rental market in July 2025 shows strong growth, with average monthly rents reaching £1,316, a 5.8% annual increase.
On February 6, 2025, the Bank of England (BoE) announced a 0.25% reduction in the base rate, bringing it down to 4.5%.
As we enter 2025, the Manchester rental market continues to show strong growth, driven by high demand, limited housing supply, and broader economic conditions.
The UK Government’s Renters' Rights Bill is moving forward in Parliament, promising significant changes to the private rental market.
As we reach the end of 2024, the Manchester rental market shows signs of slowing rent inflation, though prices are still rising in many areas.
Home buyers are benefiting from the lowest average mortgage rates in over a year, with the rate for a 5-year fixed mortgage at 75% loan-to-value (LTV) now standing at 4.3%, a decrease from 5.5% this t
In the 12 months leading up to July 2024, the average private rental prices in the UK saw an 8.6% increase, consistent with the rise observed in June 2024.
The UK property market has seen significant changes in the past year, with varying degrees of rent and house price inflation across the regions.
The annual growth rate of rents for new lets has slowed to 6.6%, down from a peak of 16% in October 2021.
UK rental inflation has slowed to 6.6%, the lowest rate in 30 months.
0161 223 0542
Mon - Fri: 9:30am - 6:30pm
Sat: 11am - 3pm
lettings@mhhg-estateagents.co.uk
sales@mhhg-estateagents.co.uk
info@mhhg-estateagents.co.uk
Complaints handling procedure
https://www.tpos.co.uk/mem-compliance/complaint-handling-toolkit
1A Oakfield Grove,
Manchester,
M18 7FP
