Chief Marketing Officer at Hello Neighbour
This might suggest that despite the supply/demand imbalance, the extraordinary rent increases of the last period are coming to an end.
The tenant location wish list is also reflecting acceptance of greater commute times, as well as WFH flexibility. This is helping spread
demand over a wider area, which further takes the heat out of
rental pricing. 
Despite the slight increase in June, the number of landlords pricing their property 10% above the market rate has decreased consistently since January 2023.
Hello Neighbour is a UK property lettings company powered by technology – making home renting simpler, fairer and faster than ever before.
The insights in our reports are based on over 10,000 tenant enquiries; nearly 200 properties we onboard every month; as well as the 1,200 properties we already let and manage.
Download: Hello Neighbour | Lettings Insight Report | June 2023
Related topics
3 Jul
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...
3 Jul
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%...
3 Jul
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,...
3 Jul
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 Jul
Chief Marketing Officer at 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%...
3 Jul
Chief Marketing Officer at 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...
3 Jul
CEO & Co-Founder of Hello Neighbour
We've run the numbers and it's crazy but true – London's landlords are wasting up to £1bn a year paying unfair tenancy renewal fees, when renting their properties through high street letting agents. There are over one...
3 Jul
Copywriter at Hello Neighbour
Congratulations to the brilliant Hello Neighbour team for reaching the shortlist of the National LIS Awards 2023 in not one, but three categories including:
3 Jul
Chief Marketing Officer at 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,...
3 Jul
Copywriter at Hello Neighbour
First things first, tell us a bit about your background I’ve always worked in tech. When I moved to the UK (from South Africa), I started out working as a programmer for a bank, then progressed to project manager, then...
3 Jul
Chief Marketing Officer at Hello Neighbour
Throughout August, average rental prices per month were higher than the previous 3 months – driven by price increases on 3 bed properties of 12%. That said, there was an 8% drop in rental prices of 1 bed properties. We...
3 Jul
Chief Marketing Officer at Hello Neighbour
We are seeing the highest number of viewing enquiries in Greater London areas such as Enfield, Redbridge, Romford and Kingston upon Thames. Despite this, month on month rental prices are down as tenants look further...
3 Jul
Chief Marketing Officer at Hello Neighbour
Hosted at Old Billingsgate, London from 9am-5pm on the 4th July, Hello Neighbour are delighted to be exhibiting at the National Landlord Investment Show.
3 Jul
Copywriter at Hello Neighbour
Tell us about your background before joining Hello Neighbour?
3 Jul
Chief Marketing Officer at Hello Neighbour
Whilst tenant demand remains at the inflated levels we have seen for the last 18 months, price increases are slowing down and landlords’ expectations for large rent increases are reducing. This might suggest that...
3 Jul
Copywriter at Hello Neighbour
The F Word – a four part report on fairness in the residential lettings market – looks at: society; agents; landlords; and tenants; detailing how Hello Neighbour are redressing the balance and bringing fairness back...
3 Jul
Copywriter at Hello Neighbour
We’ve heard the headline, but can you tell us the real story behind Hello Neighbour?
3 Jul
Chief Marketing Officer at Hello Neighbour
Landlords and tenants that join Hello Neighbour can’t help but tell us how happy they are to have made the move from their previous agency. So long to prohibitively high costs, pushy salespeople and poor service and...
3 Jul
Copywriter at Hello Neighbour
There is no doubt that these are challenging times for landlords with one or two properties. We’re all struggling with the cost of living crisis and being a landlord seems to be getting more expensive every day; demand...
COMMENT