Overview

• Rightmove’s Q2 figures put the average asking rent at £1,365 per month outside London and £2,712 in the capital
• Annual rent growth has slowed to 3.9% beyond London and 1.9% in London, the weakest increases since 2020
• Rental stock has grown 15% year-on-year and tenant inquiries have fallen 10%, extending average letting times to 25 days
• Nearly a quarter of advertised homes underwent price reductions, the highest share recorded since 2017
• New tenants now pay £417 more each month than they did in early 2020, intensifying affordability pressures and debt risks