CEO & Co-Founder of Hello Neighbour
In February, average rents in London rose 3.7% year-on-year.
At the same time, the number of enquiries per property continued to fall, with 32 enquiries recorded in February 2026, one of the lowest levels we have seen over the past three years.
As mentioned in January, we expect rents to remain broadly flat in the coming months, much as they did in the second half of last year. We expect the number of enquiries per property to increase as we move into the summer months, following a similar trend to previous years, but continuing to remain lower than in prior years.
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4 Aug
CEO & Co-Founder of Hello Neighbour
Two numbers moved in opposite directions in July, and that is the real story in this month's data. Advertised rents across Greater London finished 8.7% higher than the same month last year, our third consecutive monthly...
7 min read
2 Jul
CEO & Co-Founder of Hello Neighbour
London rents rose 6.4% year on year in June, the third consecutive monthly increase and the strongest reading of 2026 so far. It is a clear step up from May's 3.7%, and it confirms that the sharp declines of early...
4 min read
1 Jun
CEO & Co-Founder of Hello Neighbour
The London lettings market steadied in May, with average rents up 3.7% year on year. This is a clear shift from the sharp falls of recent months, with rents down 7.6% in March and 10.9% in April, and it suggests the...
4 min read
30 Apr
CEO & Co-Founder of Hello Neighbour
The London lettings market continued to weaken in April, with average rents down 10.9% year on year. This is a notable acceleration from March's 7.6% decline and marks the steepest annual fall we have recorded. Demand...
3 min read
1 Apr
CEO & Co-Founder of Hello Neighbour
The London lettings market fell sharply in March, with average rents down 7.6% year on year. This marks a clear shift from February’s 3.7% increase. Demand continues to fall, with 30 enquiries per property recorded in...
2 min read
9 Feb
CEO & Co-Founder of Hello Neighbour
January saw a 5.8% rise in average rents in London. However, we don’t expect that level of increase to be sustained throughout 2026 as the number of enquiries per property through January continued to soften. We do...
1 min read
2 Oct
CEO & Co-Founder of Hello Neighbour
London rent and demand stable moving into Autumn Rents steady year-on-year: London rents in September 2025 were 1% higher than September 2024, and 2% higher than September 2023. Overall, rents have held relatively...
1 min read
1 Sep
CEO & Co-Founder of Hello Neighbour
Inner London Demand Outpaces Outer for the First Time in 3 Years London rents in August 2025 were 1.6% lower than August 2024, but still 3.6% higher than in August 2023. Overall, rents have held relatively steady,...
1 min read
31 Jul
CEO & Co-Founder of Hello Neighbour
Rents fall 5% year on year despite increased tenant demand London rents in July 2025 are down 5.0% compared to July 2024 (matching the drop seen in June 2025 vs June 2024), and are 0.7% higher than in July 2023. Rents...
1 min read
30 Jun
CEO & Co-Founder of Hello Neighbour
Both Tenant Demand and Rental Prices drop London rents in June 2025 are down 5.1% compared to June 2024, and 4.5% lower than in June 2023. Month-on-month, we’ve seen a decline of 1.5%, and a 1.9% drop when compared to...
1 min read
31 May
CEO & Co-Founder of Hello Neighbour
Rental Prices and Demand Stay Flat London rents in May 2025 are up 1.1% compared to May 2024, and interestingly, the same level as May 2023. Although there has been a month-on-month decline of 2%, prices remain 1.3%...
1 min read
30 Apr
CEO & Co-Founder of Hello Neighbour
Rental prices increase whilst demand stays flat London rents in April 2025 are up 10% compared to April 2024, and 9% higher than in April 2023. Although we’ve seen a month-on-month decline of 1.8%, prices are still up...
1 min read
3 Apr
CEO & Co-Founder of Hello Neighbour
Demand stays low while prices increase in Mar 25 March has historically been a slower month for demand, and we have seen that trend continue this year, with 38 enquiries to view a property—16% lower than last year....
1 min read
4 Mar
CEO & Co-Founder of Hello Neighbour
Rental Prices drop in February 25 Demand has improved since January, moving from 38 to 46, however we have seen a significant drop in rental prices in Feb 25. London rents in February declined across all areas, falling...
1 min read
5 Feb
CEO & Co-Founder of Hello Neighbour
Lettings Market Continues to Cool After the usual slowdown in demand in December, January is picking up, but demand remains lower than in the previous two years, with 38 viewing requests per property in January 2025...
1 min read
2 Jan
CEO & Co-Founder of Hello Neighbour
In December 2024 we saw lower demand alongside higher rental prices. As the market typically slows during the colder months, a decline in viewing requests is expected at this time of year. We had 28 viewing requests per...
1 min read
6 Dec
CEO & Co-Founder of Hello Neighbour
Lettings market similar to last year Nov We had 38 viewing requests per property in November, 10% lower than in Nov 23. London rents in October were down 0.8% from the previous month to £2,126 and down 5.1% compared to...
1 min read
1 Nov
CEO & Co-Founder of Hello Neighbour
4.1% Drop in rental prices vs Oct 23 We had 56 viewing requests per property in October, 10% higher than in Oct 23 London rents in October were down 4.9% from the previous month to £2,144 and down by 6.8% compared to...
1 min read
3 Oct
CEO & Co-Founder of Hello Neighbour
4.5% Drop in rental prices vs Sep 23 We had 62 viewing requests per property in September, in line with 65 last year Sep 23. London rents in September were down 4% from the previous month to £2,268 but up 3% compared to...
1 min read
2 Sep
CEO & Co-Founder of Hello Neighbour
38% increase in tenant demand during Aug 24 We had 72 viewing requests per property in August, a significant increase from the last three months; however, this is still down compared to last year’s 84 requests. London...
1 min read
2 Aug
CEO & Co-Founder of Hello Neighbour
Rental prices increase over last 3 months We had 52 viewing requests per property in July, the same as in May and June 2024; however, this is significantly down from last year's 93 requests in July 2023. London Rents in...
1 min read
4 Jul
CEO & Co-Founder of Hello Neighbour
Rental pricing decreased year on year in June We had 52 viewing requests per property in June, consistent with May; however, this is significantly down from last year's 80 requests in June 2023. Rents in June within...
1 min read
3 Jun
CEO & Co-Founder of Hello Neighbour
We continue to see signs of a cooling rental market We have seen 52 viewing requests per property in May, down from 62 in April, following a similar trend from last year of a quieter May before the summer months....
2 min read
1 May
CEO & Co-Founder of Hello Neighbour
Rents continue to fall We continue to see a fall in rentals within London, from an average of £2,219 last month to an average of £2,115 in April, a 5% drop, with 2-bed properties experiencing the most significant...
2 min read
15 Apr
CEO & Co-Founder of Hello Neighbour
As we flagged last month, we expected to see the growth in rental pricing slow. In fact we have seen a fall in London rental levels from an average of £2,261 last month to an average of £2,219 in March. This is a 2%...
2 min read
6 Mar
CEO & Co-Founder of Hello Neighbour
Throughout February 2024, we saw much lower levels of viewing activity with 40 viewing requests per property, a 38% reduction from February 2023 and the lowest level we have seen in the last two years. In February 2024,...
2 min read
5 Feb
CEO & Co-Founder of Hello Neighbour
Coming out of the slower November and December months, we have seen average rental prices increase in January. As widely reported elsewhere, there has been a reduction in tenant demand with Rightmove reporting average...
3 min read
5 Dec
CEO & Co-Founder of Hello Neighbour
Throughout November we have seen a 25% drop in properties being priced 10%+ above market rate, with properties across London and Greater London being priced at lower levels. On average, rental prices have dropped by 4%...
1 min read
2 Nov
CEO & Co-Founder of Hello Neighbour
Demand is lower across all property types / number of bedrooms, however 3 and 4 bedroom rental properties are receiving the fewest amount of viewing enquiries. Despite a slow down in overall viewing requests, Greater...
2 min read
2 Oct
CEO & Co-Founder of Hello Neighbour
Compared to last month, £2,311 per month represents a 2% reduction in the average cost to rent a property in London and Greater London. That said, prices are still up by 3% compared to mid-2023. Over the last 3 month's,...
1 min read
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