Q1 2025 Report

London Rental Market Report

Comprehensive analysis of rental trends, pricing, and market dynamics across all London boroughs

£2,847
Avg. Monthly Rent
+8.3%
YoY Growth
14,280
Properties Listed
Key Market Metrics Updated Q1 2025
£2,847
▲ 8.3%
Avg. Rent (All Types)
£3,412
▲ 6.1%
2-Bed Flat Average
32 days
▼ 4 days
Avg. Time to Let
98.2%
▲ 2.1%
Achieved vs. Asking
Quarterly Price Trends
Average Monthly Rent by Quarter (2024-2025)
£2,412
Q2'24
£2,538
Q3'24
£2,624
Q4'24
£2,847
Q1'25
Rent by Property Type
Studio / 1-Bed £1,823 /mo
2-Bed Flat £2,645 /mo
3-Bed Flat £3,412 /mo
4+ Bed House £4,892 /mo
Top Performing Boroughs
Borough Avg. Rent YoY Change Demand Index
Westminster £4,521 ▲ 12.4% 98%
Kensington & Chelsea £4,298 ▲ 11.2% 97%
Camden £3,847 ▲ 9.8% 95%
Hammersmith & Fulham £3,412 ▲ 8.6% 93%
Islington £3,189 ▲ 7.4% 91%
Key Market Insights
⚠️
Supply Remains Constrained
New listings down 18% YoY, continuing to fuel price growth across all boroughs.
📊
Tenant Competition Intensifies
Average 14 applicants per listing, with properties in Zone 1-2 receiving offers within 48 hours.
💡
East London Gaining Traction
Waltham Forest, Newham, and Tower Hamlets showing strongest rental growth at 15%+ YoY.
Q2 2025 Outlook
  • Rental prices expected to increase by additional 3-5% through Q2 2025
  • Crossrail/Elizabeth line areas continue to command premium pricing (+12%)
  • Pet-friendly properties in high demand, commanding up to 8% premium
  • Energy-efficient properties (EPC rating B or above) seeing 5% rental premium
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