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17/12/25 3:30 pm
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Average UK rents fell slightly to £1,317 in December, down 1.5% on the previous month but still 2.6% higher than December 2024.
The latest HomeLet Rental Index figures show that excluding the capital, rents were slightly more stable with an average of £1,124, a 0.8% monthly fall, but 2.2% higher than a year ago. It explains that while there is some easing at a national level, the data – taken from actual achieved rents from newly agreed tenancies - points to a market that is stagnating rather than correcting.
In London, rents were £68 (3.1%) cheaper than in November and 2.8% higher than in December 2024, at £2,129 in December. The strongest annual increases were in Northern Ireland (+9.3%), the North East (+6.6%) and East Midlands (+4.9%).
Will Eastman, head of legal at HomeLet and Let Alliance, believes the Renters’ Rights Act is a major driver of uncertainty as landlords try to understand the full impact of the upcoming changes in May. “Many landlords are considering higher rents on new tenancies due to the new legislation around rent increases and bidding wars, but with laws around evictions also changing, concerns over arrears mean they’re wary of pricing properties beyond tenants’ reach,” says Eastman.
“This hesitation is likely to keep the market relatively steady in the short term, as landlords, letting agents and tenants all work out the best course of action. In a market where legal and regulatory change is shaping decisions as much as underlying demand, rent guarantee insurance and robust legal support have never been more important.”
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