Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
London Lettings See Rise in Both Demand and Supply
Landlords in London have entered the new Renters’ Rights Act regime with both rental property supply and tenant demand on the rise, according to a recent report by Property118.
Foxtons’ Lettings Market Index for April indicates that new rental property listings in London were 3.7% higher compared to the same period last year. However, the number of new listings fell by 6% compared with March, following an early spring peak.
The report provides a final market snapshot as the sector transitions into the new legislative environment. The data highlights ongoing activity in the London lettings market, with both supply and demand showing upward trends year-on-year.
These developments are particularly relevant for letting agents and inventory clerks monitoring market movements and preparing for changes under the Renters’ Rights Act.
Source: Property118