Key takeaways National average asking rent reaches new record: £1,385 per calendar month ( 1.5% this quarter, 3.1% since Oct 2024) Greater London average asking rent: £2,736 pcm ( 0.9% this quarter, 1.6% since Oct 2024) Number of rental homes available: 9% since Oct 2024, but still -23% versus 2019 Number of new rental listings: … Read more
Hull and Sunderland tie as the cheapest cities for student renters, with average rents at £804 per month – 41% below the national average A two-bedroom flat costs an average of £1,612 nationwide, while a four-bedroom house averages £2,260 per month St. Albans tops the list of the most expensive places to rent at £2,359 … Read more
Tenants are paying over £400 more per month than they were five years ago, on average However, despite the record high, the yearly pace of growth continues to slow down – this is good news for tenants as the market rebalances The current market has the best balance between supply and demand in five years, … Read more
Average rents hit new highs, but growth is slowing — this is the smallest increase from January to March since 2020, as more landlords reduce asking prices The number of available homes to rent is improving, with 18% more year-on-year, while tenant demand has eased slightly Competition is still strong, but easing — average enquiries … Read more
Our latest Rental Trends Tracker broke the news that average rents have fallen for the first time since 2019. But rental costs remain high, and are still 4.3% higher than they were at this time last year. And if you’re looking to relocate to a new city this year, or you’re a student considering potential … Read more