The typical marketed hire for properties outdoors London rose once more within the third quarter of 2025 to a brand new file of £1,385 per calendar month, in line with knowledge from Rightmove (RMV.L).
Common rents outdoors the capital are actually 3.1% increased than a yr in the past, marking the third consecutive quarterly file this yr.
Common marketed rents in London additionally reached a brand new excessive of £2,736, although the tempo of development within the capital has slowed to simply 1.6% yearly, the bottom determine for the reason that second quarter of 2020.
The whole variety of properties out there to hire continues to edge nearer to pre-pandemic ranges, however the move of recent listings has slowed. The variety of out there rental properties is now 9% increased than it was a yr in the past, though it stays 23% under the identical interval in 2019. This marks the closest the market has been to pre-pandemic provide ranges in 4 years.
Nonetheless, the variety of new rental listings coming to market is just one% increased than a yr in the past, the bottom determine recorded in 2025. Tenant demand has additionally cooled and is 14% decrease than at this level final yr.
Analysts say the slower tempo of recent rental provide displays rising warning amongst landlords amid adjustments to taxes and rules.
A rise in stamp responsibility for rental residence purchases launched in October final yr, alongside rumours of a possible nationwide insurance coverage tax for landlords within the upcoming autumn funds, has added uncertainty to the market. The forthcoming Renters’ Rights Invoice can be influencing choices.
Affordability stays stretched for each tenants and landlords. Regardless of common earnings rising by 5% in contrast with final yr, outpacing hire will increase, the price of renting nonetheless consumes 44% of the typical wage, up from 40% 5 years in the past. For renters saving for a primary residence, a 20% deposit has risen by simply over £5,000 in 5 years, from £40,326 to £45,374.
Daniel Fisher, head of lettings at John D Wooden & Co, stated:
