“Q1 has been a period of steadiness following an erratic 2023 market. Rents have steadied for 1 and 2 bedroom flats with Time To Lets still being very low. Landlords have remained resilient despite economic and political headwinds, with very few actively looking to exit. The end of rent controls on 1st April is welcomed, but our proposed rent increases will be sensibly set, evidencing that controls weren’t necessary, and have only damaged supply. HMO rents remain strong, with Uni’s advising student tenants to expect rents of £550 – 750 per room this year, depending on location and quality. Interest rates gradually easing over 2024/25 will help landlords and tenants alike.”
I am a Tenant Landlord
