July - Quarterly Rental Trend

Rents Rise to New Record:

Average advertised rents outside of London rose to a record high, of £1,365 pcm in Q1.

Supply & Demand Balance continues improving:

The number of properties to rent is now 15% higher than this time last year.

The number of prospective tenants looking to move, is 10% lower than last year.

The average number of enquiries per rental property is now 11.

Tenants are competing with fewer other tenants for each property available, as supply increases.

Average Days to Let

Current figure: 25 days (time to “let agreed”)

Comparison: Up from 21 days last year.

It was 18 days during the 2022 pandemic surge (peak demand period).

This shows a gradual increase in the time it takes for rental properties to secure a tenant, suggesting demand has eased or stock levels may have risen.

Snapshot of Buy-to-Let Lending

Recent figures from UK Finance reveal a 17% rise in the total number of loans issued to property investors in 2025, compared with the same period in 2024.

Notably, new rental property purchases have seen a 28% increase, which is expected to boost the supply of homes available on the rental market.