Lettings Report - Lettings Market Report

Foxtons Lettings Market Report

Foxtons - Lettings Market

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"The Renters' Rights Bill will introduce the Decent Homes Standard to private rentals. We're

waiting on details, but it will likely mirror social housing requirements for 'reasonably

modern facilities' and 'thermal comfort.' Combined with the new landlord ombudsman, this

will impact the time you spend on property management.

"Under these rules, preparation becomes crucial. When issues arise, your response and

resolution times will matter - with documentation to prove it. Good organisation and

thorough record-keeping will help you navigate the new requirements.

"If you have Foxtons Property Management, we have the response times, contractor

network and record-keeping that will keep you compliant with this new legislation."

~ Fran Giltinan, Managing Director of Property Management & Customer Experience

"Whilst demand and supply closely resemble last year's figures, as we predicted, today's

landscape stands worlds apart from 2023's frenzied market. Gone are the days when

tenants made snap decisions to beat out the competition. The 2025 tenant is discerning,

exploring multiple options and neighbourhoods before committing. Especially when the

Renters' Rights legislation comes into effect, well-priced, high-quality properties will win the

day. Savvy landlords are already adapting their strategies - refreshing properties, reviewing

pricing models and calling in experienced agents to stay competitive in this evolved

marketplace."

~ Gareth Atkins, Managing Director of Lettings

As we progress through 2025, the lettings market remains resilient, with strong rental demand and

steady supply contributing to a balanced landscape for both renters and landlords. While seasonal

trends have influenced short-term movements, overall market stability continues to define

the year so far. Regional variations highlight shifts in renter preferences, particularly in areas where

demand has strengthened, reinforcing London's dynamic rental market.

· Applicant demand has remained within 3% of February 2024 levels.

· Market activity remains strong, with new listings just 2% below last year's high levels.

· The average rent now stands at £557 per week, slightly higher than in 2024.