Q2 RENTAL MARKET 2024

“The rental market has been strong for a long time, mostly due to the lack of new supply to the market and the ever increasing demand.

This continues through the second quarter of 2024 as we see considerable increases in rental prices across our portfolio in London and the Home Counties.

Whilst this remains true for the general market, experience shows the quality of property that we directly work with remains a key factor in securing the best profile tenants at the best prices for our clients.

With no indication of the new supply to the market getting anywhere close to matching the demand, the rental prices are only expected to go in the same direction they have been for the last few years.

This couldn’t be more evident than a recent letting where we secured a strong profile of tenant at 16.8% higher rent than the previous tenant was paying 1 year prior, in an area once thought to not be able to support these rent levels only a few years ago.”

Charlie Blurton

Head of Lettings

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