William Reeve, CEO of Goodlord, says:
“The data is showing us two really interesting forces at play. On the one hand, we’re seeing rents hotting up as we enter summer - all signs point to there being a new rental price record set this season. However, on the other hand, the narrowing of the year-on-year rental rises shows us that some of the long-term heat is starting to seep out of the system.
“This could be an early indication that supply and demand is beginning to recalibrate, although the upcoming passing of the Renters’ Rights Bill - which is unpopular with landlords - could potentially spark a buy-to-let sell off that tips the balance back in the other direction.”