William Reeve, CEO of Goodlord, says:
“There’s a lot to analyse in this month’s Rental Index. On the face of it, you have another month of rising rents and a rebound in pace of year-on-year increases. But when you dig a little deeper you can see that the void periods are at their highest since 2021 and confirmed rents are meaningfully undercutting advertised prices. It’s a picture of a market that continues to be buffeted by supply and demand issues, but that could be teetering its way towards stabilising. We are definitely seeing a softening in the market. Whilst we predict that confirmed rental prices will continue to rise this year, particularly over the summer, wider indices imply it’s unlikely 2025 will bring the major rise in year-on-year figures we saw last year.”