The London lettings market is moving fast, so we’re working even faster to keep our landlords ahead of the curve. In the latest Lettings Market Report, you’ll find data and insight to inform your decisions around your rental.
“We are seeing a notable increase in demand for homes, which may be an indication of sentiment improving in the market..."
• There was a 12% increase in demand from March to April, and a 6% increase comparing April 2024 and April 2023.
• Year to date in 2024 there has been an 11% increase in new market listings, with April 2024 having the same number of listings as April 2023 (-1%).
• Average rent achieved has increased 3% in April 2024 with the average rent achieved across all of London sitting at £555.
Key takeaways
In our report, Foxtons Managing Director – Lettings Gareth Atkins describes for you the 2024 market so far. He adds, “Early data from Quarter 2 has seen not only that supply slowed but also the return of 2023 levels of applicants which, if it continues, would be a strong market for rentals to perform well in.”
For the full comments from our experts and more insight on the London lettings market, read our latest report:
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