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.
London rents in March have bounced back from last month, rising by 16%. Year on year, rents have increased for the first time in months, showing a 5% rise. There has also been an 8% increase compared
to the average of the previous three months
Rental prices are evenly split, with 50% of landlords pricing above market rate and 50% pricing below. However, 72% are still pricing within 10% of the market rate.
The gap in demand between outer and inner London over the past three months remains small, with an average of 91 viewing requests per property in outer London compared to 85 in inner London.
For the second month in a row, Hammersmith and Fulham recorded the highest number of viewing requests over the past three months, averaging 365 requests per property, followed by Croydon with 135.
Download the full report here:
Hello Neighbour | Lettings Insight Report | Mar 2025
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