Renters Rights Act reshapes London market, claims agency
Summary
Hello Neighbour reports that advertised rents in Greater London rose 6.1% year on year in September, with average asking rents reaching £2,448. The agency attributes the increase to falling supply and notes that the Renters Rights Act is influencing how landlords set initial rents, while demand remains below last year’s levels.
Why it matters
For residential property surveyors, the article highlights ongoing rental market pressure in London and the potential for legislative change to affect rent-setting behaviour and market comparables. It is relevant to valuation, landlord advice and understanding how supply constraints and regulation may influence rental evidence.
Key points
- Advertised rents in Greater London were 6.1% higher year on year in September.
- Supply of rental homes is reported to be falling, with London availability down 6% and inner London down 13% year on year.
- The Renters Rights Act is said to be affecting landlord pricing strategy, including higher initial asking rents.
- Demand has remained below last year’s levels, despite steady monthly enquiry volumes through 2026.
- The agency expects achieved rents to rise more slowly than advertised rents for the rest of 2026.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
