The Impact of Cost-of-Living Pressures on the Huddersfield Rental Market

Across the UK, the rising cost of living has become a pressing issue for households. Higher energy bills, food prices, and borrowing costs are affecting everyone and the property market is no exception. At Home & Manor, we’ve seen first-hand how these pressures are shaping the rental landscape here in Huddersfield.

Tenants Feeling the Squeeze

For tenants, affordability is the biggest concern. With essentials eating up a larger share of monthly income, many renters are rethinking their options. Some are moving into smaller homes, while others are choosing to share with friends or family to cut costs.

In Huddersfield, we’ve noticed more demand for properties with strong energy efficiency ratings, as tenants look to reduce utility bills. Modern flats and family homes with good insulation, updated boilers, or renewable energy features are being snapped up quickly.

Landlords Under Pressure Too

It’s not just tenants who are facing challenges. Many Huddersfield landlords are dealing with rising costs of their own. Mortgage repayments have increased due to higher interest rates, while property maintenance, insurance, and compliance costs have all gone up.

Some landlords are responding by raising rents, while others are choosing to sell, reducing the number of rental homes available. This combination of strong demand and limited supply is keeping local rental prices buoyant, despite cost-of-living pressures.

A Huddersfield Market Snapshot

• Here in Huddersfield, rental demand remains particularly strong among:
• Two- and three-bedroom terraces popular with young families and sharers.
• Student accommodation with the University of Huddersfield continuing to attract both local and international students.
• Well-connected areas such as properties near the train station for commuters into Leeds and Manchester.

While national headlines suggest turbulence, Huddersfield’s local dynamics  strong student demand, a growing commuter population, and relatively affordable housing compared to nearby cities are keeping the market resilient.

What This Means for Tenants

• If you’re renting in Huddersfield, a few practical steps can help:
• Budget carefully: factor in rising bills when choosing your next property.
• Consider longer tenancies: this can provide stability and help you avoid frequent rent rises.
• Communicate early: if affordability is becoming a challenge, speak with your landlord or agent.

What This Means for Landlords

For Huddersfield landlords, the key is balancing costs with long-term stability. Fair rent setting is essential, a reliable tenant who feels secure often proves more valuable than pushing for the highest rent possible.

This is also a good time to consider upgrades, particularly around energy efficiency. A property with a stronger EPC rating can command higher demand and potentially higher rents, while also preparing for upcoming government regulations around minimum energy standards.

Looking Ahead

The future of the Huddersfield rental market will depend heavily on wider economic conditions, interest rates, and potential government reforms. However, one thing is clear: demand for quality rental homes in Huddersfield remains strong. For both landlords and tenants, navigating these pressures requires careful planning and sound advice.

At Home & Manor, we’re here to support both sides of the market- helping tenants find affordable, comfortable homes, and guiding landlords through the complexities of property management in challenging times.

Thinking of letting your property or looking for your next home in Huddersfield? Contact the Home & Manor team today for expert, local advice.