Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details. Many UK teams now handle this with dedicated property inventory software.

London Rental Market Remains Active After Renters’ Rights Act

London’s rental market has continued to show activity following the introduction of the Renters’ Rights Act in April 2026. New data from Foxtons indicates that supply and demand patterns are shifting as the lettings sector adjusts to the new legislation.

Foxtons’ April figures show that new property listings increased by 3.7% compared to April 2025, although there was a 6% decline month-on-month after the spring peak. Applicant registrations rose by 9.5% during April as the spring letting season began, but remained 6% lower than the same period in 2025.

Competition between renters eased year-on-year, with renters per instruction down 6.5% as supply improved. However, there was a 15.6% month-on-month increase in competition, suggesting demand is beginning to accelerate. Rental prices remained flat year-on-year, according to the data.

Foxtons reported that prospective tenants are moving earlier and acting more decisively, but are also more selective about which properties they view. The agency noted that properties now require more careful presentation to attract viewings, and letting agents need to focus on accurate pricing and property readiness.

The data suggests that London’s rental market has not experienced the supply contraction some landlords anticipated before the legislation was introduced. The year-on-year increase in new listings indicates landlords have not exited the market in large numbers, though the longer-term impact of the regulatory changes is not yet clear.

April’s figures represent the first full month under the new regulatory regime. Ongoing monitoring will be needed to assess whether these trends continue throughout 2026.