UK Rental News – More Available Homes to Let

Letting Property in London

Rental conditions are the gentlest we have seen in around five years. Demand from tenants is approximately 24% lower than a year ago, a mix of reduced inward migration and easier mortgage access for first-time buyers who might otherwise have continued renting. At the same time, available homes to let in London have risen by close to 20% as new landlords re-enter and some sales stock is temporarily switched to rental.

More homes to choose from

This increase in supply is visible across the UK, although it is less marked in London.

With more choice and less pressure, rent growth has eased. New-let rents are currently 2.4% higher year-on-year, the slowest pace since 2020 and a few city markets such as Leeds and Bristol have already recorded small reductions as they rebalance.

Looking forward

The guidance is for normalisation, not decline. Rents are expected to end 2025 around 2–3% higher.

Key figures

• Average UK rent on new lets (July 2025, published Sept): £1,301

• Annual growth: 2.4%, the slowest in four years

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