Spring always brings more movement to the rental market, but this year there are added layers of regulatory change and landlord competition that make understanding the detail especially worthwhile.
"The Renters' Rights Act comes into force 1 May, landing in a busy spring market. Between February and March, supply rose 11% while rents remained steady. As competition between landlords builds, pricing matters more than ever. Under RRA, you cannot accept offers above your asking price, so landlords need to be confident that asking prices reflect real demand in their local market..."
Gareth Atkins
Managing Director - Lettings
Read the full quote in the Lettings Market Report - March 2026
📈 Key rental market numbers from the March 2026 report
• Applicant demand rose 10% month on month as seasonal momentum took hold.
• Market new listings also rose from February to March, up 11% month on month and 4% year on year.
• Average rents achieved remained stable, increasing modestly to £568 per week, up around 1% year on year.
The 2026 London rental market outlook so far...
Both supply and demand picked up in March as the usual spring momentum began to build. At the same time, rents and renter budgets stayed flat, pointing to a relatively stable period as the market heads into a new regulatory landscape. With more landlords competing for tenants and tighter rules around pricing under the Renters' Rights Act from 1 May, the right asking price is about to be the hot topic. As the market moves into the traditionally busy spring and summer period, more than ever, it will favour landlords who are well prepared and well informed.
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