London rents rise YOY for sixth month in row
Summary
London advertised rents rose 7.6% year on year in October to £2,401, marking the sixth consecutive month of annual growth. The article links the increase to tighter rental supply and landlord pricing behaviour following the Renters’ Rights Act, while noting that agreed rents are still coming in below asking levels.
Why it matters
For residential property surveyors, this points to continued rental market pressure in London, which can affect valuation assumptions, affordability assessments and investor expectations. It also highlights how recent legislative changes may be influencing landlord pricing strategy and market evidence.
Key points
- Advertised rents in Greater London rose 7.6% year on year in October to £2,401.
- Rental supply remains constrained, with fewer homes available to rent than a year ago.
- Landlords are reportedly pricing higher upfront due to limits on rent increases and offer acceptance.
- More than half of viewing requests occur in the first week of listing.
- Agreed rents are averaging below advertised rents, suggesting negotiation remains significant.
Organisations:
Hello Neighbour, Zoopla
Regulations:
Renters’ Rights Act
Locations:
London, Greater London, inner London
Read the original article
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
