“We’re seeing a shift in the rental market this quarter. Stock levels are up, and demand remains strong but more measured, bringing us closer to a sustainable balance. Average rents are still rising year-on-year, but at a slower pace. Pricing correctly from the outset is key, and being quick to adjust price in line with market response helps avoid unnecessary void periods,” says Andrew Ralph, managing director of lettings at Leaders Romans Group.
London rents reach another new record as tenants pay £700 more per month than five years ago
