Lettings Insight Report May 25

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% higher than the
previous three-month average. Notably, 72% of landlords are still pricing within 10% of the market rate.

Tenant demand continues at a steady level, consistent with the rest of 2025, but follows the seasonal trend seen in previous years, slightly lower in May than in earlier months. There were 39 viewing requests per property in May 2025, which is 25% lower than in May 2024 and 37% lower than in May 2023.

The gap in demand between outer and inner London has remained narrow over the past three months, with an average of 82 viewing requests per property in outer London, compared to 79 in inner London.

Barking takes the top spot for highest demand, with an impressive 270 viewing requests per property over the last three months. Redbridge follows closely, ranking second with 194 requests per property.