London market steady despite reforms – Foxtons
Summary
Foxtons reports that the London rental market remained broadly steady despite the introduction of the Renters Rights Act, with supply holding up and activity shifting earlier in the summer. The agency says landlord participation appears to have stayed resilient, while renter demand was slightly below last year’s exceptional levels and competition per listing was unchanged.
Why it matters
For residential property surveyors, the article signals how rental reform may be affecting landlord behaviour, tenant demand and market timing in London. These shifts can influence rental evidence, investment sentiment and wider residential market conditions used in valuation and advisory work.
Key points
- New rental listings were 2.9% ahead of last year.
- Activity peaked earlier, with July and August sharing the summer rush rather than a late-August spike.
- Renter registrations were below 2025 levels, but competition stayed at 17.9 renters per new listing.
- Foxtons says landlords have remained in the London market after the Renters Rights Act.
- Average renter budgets rose 0.9% year to date, despite a slight monthly fall in August.
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