The price of renting is continuous to escalate, growing by 1.5% exterior London within the third quarter of 2025, Rightmove analysis reveals.
This brings annual rental progress exterior London to three.1%, which means rents are rising in comparison with home costs.
Inside London rents rose by 0.9% in Q3 and 1.6% year-on-year.
Colleen Babcock, Rightmove’s property professional, stated:: “Nearly all of landlords wish to keep available in the market and even develop their portfolios which is constructive for tenants, however there are clearly challenges for these trying to spend money on rental property.
“Sustained excessive mortgage prices imply landlords want to verify purchases are viable, and uncertainty round laws just like the Renters’ Rights Invoice and what might or is probably not within the upcoming Autumn Price range isn’t useful when trying to make monetary investments.
The variety of houses accessible to hire is now 9% greater than final 12 months
Nonetheless that is nonetheless 23% beneath this time in 2019.
The tempo at which recent rental properties are coming onto the market has slowed in current months and now stands at simply 1% forward of this time final 12 months.
Babcock added: “Landlords who had been contemplating promoting up over the following 12 months advised us that laws modifications had been their largest supply of frustration.
“The federal government wants to think about this when setting its coverage agenda over the following twelve months, in any other case we may even see extra landlords select to depart the sector which shall be to the detriment of tenants.”
