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 Rental Market Cools as Demand Slows
Competition in the London rental market eased in September, with new market listings down in the capital, according to a new report. The Foxtons lettings market index shows applicant registrations fell 21.1% from August to September as the busy summer period came to a close.
The figures, reported by Property118, point to a cooling in rental market activity in London as the peak summer lettings season ended. The report also notes that the Office for National Statistics (ONS) has revealed that landlords saw […] — the source excerpt does not provide further detail on the ONS findings.
For letting agents and inventory clerks operating in London, the drop in applicant registrations suggests a less frenetic market than during the summer months. The Foxtons lettings market index is the source of the 21.1% month-on-month fall between August and September.
The source material does not include additional figures, such as rental price changes, stock levels, or regional breakdowns within London. It also does not provide commentary from named individuals or organisations beyond the attribution of the data to Foxtons and the ONS.
This brief is based solely on the Property118 report and the details contained in its excerpt. Letting agents and inventory clerks should refer to the original article for the full context and any further data published by Property118.
Source: Property118