The common value of lease in England reached a brand new high in July, the Goodlord Rental Index reveals.
The index, which has been monitoring the contracted rents of latest tenancies throughout England for over six years, reveals that the typical month-to-month value of a rental property in England final month was £1,496.
The newest determine breaks the earlier rental record, set in July 2024 of £1,470.
It additionally discovered that month-on-month rents elevated by 18.3% in comparison with June.
Goodlord explains that in July demand is pushed up by scholar lets altering fingers, graduates transferring to new cities, and households seeking to safe a house earlier than the brand new college time period.
On a regional foundation, the price of lease in the North West jumped by 42%, whereas South West residents noticed 34% will increase in common rents and people in the North East confronted an increase of 27%.
The smallest will increase had been discovered in Greater London growing by 4%, adopted by an increase of 6% in the South East.
Overall, renters in England who secured new properties in July are paying £231 monthly or £2,772 a yr, greater than renters who secured a brand new tenancy in June.
However, Goodlord means that the most recent figures point out that the market may very well be approaching rental value stability.
Throughout 2025 so far, year-on-year rental inflation has been steadily lowering.
In July, costs had been up by 1.8% in comparison with the identical time a yr in the past whereas February recorded year-on-year inflation on the a lot greater charge of 4%.
Elsewhere, the index confirmed that the typical void interval shortened from 20 days in June to 12 days in July, representing a discount of 40%.
This is just barely greater than the void intervals recorded on the identical time final yr, after they hit 11 days.
Commenting on the figures, Goodlord chief government William Reeve says: “Throughout the yr the information has been pointing to 2 clear tendencies: firstly, that we had been more likely to see new rental data set over the summer season and secondly; that the year-on-year tempo of value will increase total is beginning to sluggish.”
“This month’s figures present each predictions coming to move. Across six years of working the Index, we’ve by no means recorded a better month-to-month rental common.”
“Likewise, each month of 2025 has introduced a softening of year-on-year lease inflation. So while the market continues to function beneath intense stress, the late autumn may convey one thing extra predictable in phrases of rents and voids.”
