“That legacy will limit house price growth, but it should also protect the market from a correction.”


Regarding rent, the report details growth outstripping incomes – 13.7 per cent in the UK, and, in London, 15.9 per cent. This is put down to a tightening of access to mortgage finance and “changing lifestyles and demographics,” which will likely increase the already mismatched balance of supply and demand.


“Until the market sees a significant injection of build to rent stock, rental demand will outstrip supply and rents will rise. Investor buyers requiring borrowing are expected to focus on higher yielding markets and this will put further upwards pressure on rents in some of the most expensive rental locations,” adds Cook.