After Years of Growth, Rents Take a Breather
For the first time in years, rents have stopped rising — a clear sign the lettings market is shifting. With supply improving and demand easing, both tenants and landlords are navigating a more balanced landscape. At Amos Estates, we’re helping clients make sense of these changes and plan ahead with confidence.
For the first time since 2017, rents have stood still at the start of the year, signalling a shift in the UK lettings market. The average advertised rent outside London is unchanged at £1,370 per month, while London has seen a modest 0.7% rise to £2,736.
Although rents are still slightly higher than this time last year, growth has slowed significantly. A key reason is a better balance between supply and demand, with the number of available rental homes now 3% higher than a year ago. At the same time, tenant demand has eased, with fewer enquiries per property compared to previous peaks.
Affordability remains a major factor, with many tenants reaching the limit of what they can pay, particularly in higher-priced areas. As a result, landlords are becoming more realistic on pricing, with over a quarter of rental listings seeing reductions.
While the upcoming Renters’ Rights Act and rising mortgage rates may influence the market longer term, current conditions are more stable. If you’re letting or renting, speaking to Amos Estates can help you understand costs and avoid unexpected surprises.
