Soaring rents across the UK have shifted to a more measured rise as housing supply increases and tenant demand diminishes, fresh data shows.

Average rents have climbed 2.4 per cent compared to a year earlier, marking the lowest annual growth in four years and less than half the rate recorded 12 months previously, Zoopla has revealed, as reported by City AM .

Richard Donnell, executive director at Zoopla, noted that conditions are "starting to normalise", explaining that reduced migration and improved mortgage accessibility for first-time buyers has "eas[ed] the scale of the competition for rented homes."

"There is also more choice for renters with more homes for rent as landlords start to buy homes once again and some owners who can't find a buyer listing their homes for rent," Donnel

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