Lettings Report - Lettings Market Report

Foxtons Lettings Market Report

Foxtons - Lettings Market

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"While the Renters' Rights Bill progresses, it's crucial to understand how it affects your

rental property. Though most London lettings will continue smoothly under the new

framework, unexpected challenges like rent arrears can catch even experienced landlords

off guard. We are seeing proactive landlords increasingly safeguarding their investments.

By implementing robust rent protection strategies now, you can secure your rental income

and maintain peace of mind, regardless of future legislative changes. For instance, Foxtons

Rent Protection, at a cost of around 2-3 days rent, will protect your income and mitigate

any costs you may have in recovering it."

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

As we move into 2025, the lettings market feels stable, offering a welcome sense of predictability

for both renters and landlords. Supply and demand are well-balanced, making the search for a

home more manageable and reducing the urgency that defined previous years. While different

parts of London are seeing shifts in activity, these reflect evolving renter preferences rather than

major market changes. With affordability and competition settling into a more sustainable rhythm,

the year ahead looks set to offer a steady and reliable rental landscape.

· This January, whilst demand fell 3% from last January, it increased 83% from December

2024.

· The volume of listings coming to market declined just 5% from last January. However,

compared to December 2024, there was a 51% increase.

· The average rent achieved in January increased 2% from January 2024.

"Our analysis of new listings in the London rental market reveals a slight increase from this

time last year, but a 55% increase in available properties compared to the same period of

2023 - reshaping the dynamics you need to consider when listing a property.

While the coming spring market should bring an uptick in demand, the substantial growth

in supply means your property will face more competition. Success now depends on

precision pricing that reflects both real-time market data and evolving tenant preferences

in your local area. Our experienced Valuers can help you develop a strategy that ensures

your property stands out in this competitive landscape."

~ Gareth Atkins, Managing Director of Lettings