London noticed heightened rental exercise in June, with applicant registrations rising 21% month-on-month, in response to the most recent figures from property agent Foxtons.
Supply in the capital surged to its strongest degree in 4 years, with nearly 45,000 new listings recorded in June, an 18% improve on May
Average weekly lease climbed 1% from May to face at £593 per week, considerably forward of June 2024.
Central London recorded a 4% uplift in registrations versus June 2024, and North London was up 5%. East London dipped by 6%, whereas South and West London, had been down by 15% and 22% respectively year-on-year.
New applicant registrations per instruction, a key gauge of market competitiveness, has develop into extra secure all through 2025. Notably, the East and South areas have skilled the biggest softening in competitiveness year-to-date, as flat demand meets rising provide.
Listings in the primary half of 2025 had been 13% increased than the identical interval in 2024, suggesting a return to a extra typical market cycle and delivering enhanced selection for renters.
Commenting on the most recent figures Foxtons managing director of lettings Gareth Atkins stated: “The London lettings market confirmed robust indicators of stability in June, with applicant numbers rising 21% from May and new listings at their strongest degree in 4 years. This improve in provide helps to ease stress on renters, as seasonal demand will increase, and with extra candidates in the market, good landlords will see robust demand throughout the capital.”
He added: “As we transfer into the summer time, we count on this wholesome stability between provide and demand to proceed, providing extra selection for renters and a secure and predictable atmosphere for London’s landlords.”
