July's London Lettings Market update and the latest Renters' Rights Bill news
July saw London’s rental market surge, with demand climbing 23% month-on-month. New renters per instruction grew 18% month-on-month and there was almost 50,000 new listings, indicating a competitive market, in which there was a 2% rise in average weekly rents to £605, just shy of the 2023 market peak.
Renter budgets continued their gradual upward trajectory to £554 per week, 2% higher than the same period in 2024. The current market offers balance to tenants and landlords with more choice and stable returns.
With the Renters Rights Bill expected to come into effect in 2026, landlords should begin preparing for the expected changes. At Foxtons, we’re here to help landlords navigate these shifts and make the most of a dynamic market.
🎬 Watch: Latest Renters' Rights Bill news
Fran Giltinan, Managing Director - Property Management and Customer Experience , shares her expert opinion on what's ahead:
Check out our full Lettings Market Report for June 2025.
